| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 24th | Poor |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7655 Lankershim Blvd, N Hollywood, CA, 91605, US |
| Region / Metro | N Hollywood |
| Year of Construction | 1984 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7655 Lankershim Blvd North Hollywood 36-Unit Multifamily
Stabilized renter demand in a high-cost ownership pocket of North Hollywood supports lease retention, according to WDSuite’s CRE market data. Neighborhood occupancy is around the national median, with renter households providing a durable tenant base.
Located in North Hollywood within the Los Angeles-Long Beach-Glendale metro, the property sits in an Urban Core neighborhood rated C- among 1,441 metro neighborhoods. Neighborhood occupancy is near the national middle, while the share of renter-occupied housing units is high for the area, signaling depth in the tenant pool and potential stability for multifamily demand.
Livability signals are mixed but investable: amenity breadth ranks lower across the metro overall, yet the immediate area scores strong on cafes and parks (both competitive nationally), which supports everyday convenience and walkable lifestyle appeal. By contrast, fewer grocery and pharmacy options are recorded per square mile in the neighborhood statistics, suggesting residents may travel slightly farther for errands—an operational consideration for positioning and marketing.
The asset’s 1984 construction is newer than the neighborhood’s average vintage (1970s). That positioning can be advantageous versus older local stock; however, investors should plan for aging systems and selective modernization to remain competitive on finishes and efficiency.
Within a 3-mile radius, demographics indicate a large renter base and steady household formation, even as average household size trends lower. Forecasts point to increases in households and incomes through the next five years, expanding the renter pool and supporting occupancy stability and rent growth management. Elevated home values in the neighborhood, compared with national norms, indicate a high-cost ownership market—conditions that typically sustain reliance on multifamily rentals and can aid pricing power when balanced with prudent lease management.
Schools in the broader area score below national averages on ratings, which may matter for family renters; operators can offset by emphasizing unit features, commute access, and proximity to parks and cafes when targeting demand segments.
Neighborhood safety metrics for the area are around the middle of U.S. neighborhoods on both property and violent offense measures, based on WDSuite’s CRE market data. Recent year-over-year estimates show notable declines in both categories, suggesting an improving trend rather than a deterioration.
Compared with other Los Angeles metro neighborhoods, the area sits in a broadly competitive band rather than an outlier on the high- or low-crime ends. Investors should underwrite standard security measures and monitor local trends, but current data does not indicate atypical risk relative to similar Urban Core locations.
The employment base features media, entertainment, and corporate services within easy commuting distance, supporting workforce renter demand and retention for nearby multifamily. Notable nearby employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — telecom services (2.6 miles)
- Radio Disney — media & entertainment (4.7 miles)
- Disney — media & entertainment (5.1 miles) — HQ
- Live Nation Entertainment — live entertainment (7.9 miles)
- Avery Dennison — materials manufacturing (8.4 miles) — HQ
This 36-unit 1984-vintage property benefits from a high renter concentration in the neighborhood and a large, growing household base within a 3-mile radius. According to CRE market data from WDSuite, neighborhood occupancy trends sit near the national midpoint, while elevated local home values indicate a high-cost ownership market that tends to sustain multifamily demand and lease retention when priced and managed carefully. The asset’s slightly newer-than-average vintage versus nearby stock can provide a competitiveness edge, with targeted upgrades helping capture demand from renters seeking quality without Class A pricing.
Forward-looking demographics show household growth and income gains in the surrounding 3-mile area, expanding the tenant base and supporting rent optimization. Operators should balance this opportunity with pragmatic risk controls around affordability pressure and service positioning, given below-average school ratings and mixed amenity breadth in the immediate neighborhood.
- High renter concentration supports a deeper tenant pool and occupancy stability
- 1984 vintage offers value-add potential to outperform older local stock
- Elevated ownership costs locally reinforce reliance on multifamily housing
- 3-mile demographic outlook points to household and income growth
- Risks: affordability pressure and lower school ratings warrant cautious underwriting