| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 24th | Poor |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7651 Laurel Canyon Blvd, N Hollywood, CA, 91605, US |
| Region / Metro | N Hollywood |
| Year of Construction | 2012 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7651 Laurel Canyon Blvd North Hollywood Multifamily Investment
This 36-unit property built in 2012 sits in a neighborhood with 91.7% occupancy and high rental demand, supported by commercial real estate analysis from WDSuite showing 61% of housing units are renter-occupied.
The North Hollywood neighborhood ranks in the top quartile nationally for crime safety (76th percentile) among 1,441 metro neighborhoods, with property crime rates declining significantly over the past year. The area maintains strong rental fundamentals with 91.7% neighborhood-level occupancy and a 53.2% share of housing units that are renter-occupied, indicating solid multifamily demand depth.
Built in 2012, this property is newer than the neighborhood average construction year of 1974, positioning it competitively for tenant attraction and reduced near-term capital expenditure needs. Median contract rents in the neighborhood reached $1,674 with 34.6% growth over five years, though rent-to-income ratios suggest affordability pressures that require careful lease management strategies.
Demographics within a 3-mile radius show a population of approximately 220,000 with 61% renter-occupied housing units and a median household income of $69,582. Five-year projections indicate household growth of 33% and median income increases to $102,049, potentially expanding the renter pool and supporting occupancy stability. However, home values averaging $693,372 with 57% appreciation over five years reinforce rental demand as elevated ownership costs keep households in the multifamily market.
The neighborhood offers strong park access (93rd percentile nationally) and cafe density (94th percentile), supporting tenant appeal, though grocery and childcare amenities rank lower. School ratings average 1.5 out of 5, which may influence family tenant retention but creates opportunities for workforce housing targeting young professionals and entertainment industry workers common to the North Hollywood area.
The neighborhood demonstrates favorable safety trends for multifamily investors, ranking in the top quartile nationally (76th percentile) for overall crime metrics among 1,441 Los Angeles metro neighborhoods. Property crime rates show significant improvement with a 73.6% decline over the past year, while violent crime rates dropped 90.8% during the same period.
Current property offense rates of 174 incidents per 100,000 residents place the area above metro median for safety, with violent crime at 29 incidents per 100,000 residents. These declining crime trends support tenant retention and can positively influence lease renewal rates, though investors should monitor ongoing neighborhood dynamics as part of routine asset management.
The property benefits from proximity to major entertainment and media employers, supporting workforce housing demand from North Hollywood's creative industry professionals and corporate office workers.
- Charter Communications — telecommunications (3.1 miles)
- Radio Disney — media & entertainment (5.0 miles)
- Disney — entertainment & media (5.5 miles) — HQ
- Live Nation Entertainment — entertainment services (8.1 miles)
- Avery Dennison — manufacturing & materials (8.8 miles) — HQ
This 2012-vintage property offers a compelling mix of newer construction benefits and established rental market fundamentals. The neighborhood's 91.7% occupancy rate and 53.2% renter-occupied housing share indicate stable multifamily demand, while declining crime rates and proximity to major entertainment employers support tenant retention. According to CRE market data from WDSuite, demographic projections show 33% household growth over five years with median incomes rising to $102,049, potentially expanding the qualified renter pool.
High home values averaging $693,372 with significant appreciation reinforce rental demand as ownership remains out of reach for many households. The property's 2012 construction provides competitive positioning with reduced near-term maintenance needs compared to the neighborhood's 1974 average building age. However, rent-to-income ratios suggest affordability pressures that require strategic lease management and potential concession monitoring.
- Strong occupancy fundamentals with 91.7% neighborhood-level occupancy and majority renter-occupied housing
- Newer 2012 construction reduces capital expenditure needs versus neighborhood average
- Projected 33% household growth and rising incomes support rental demand expansion
- High ownership costs reinforce multifamily demand in competitive Los Angeles market
- Risk: Rent-to-income ratios indicate affordability pressures requiring careful lease management