| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4420 Ensign Ave, North Hollywood, CA, 91602, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1986 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4420 Ensign Ave North Hollywood Multifamily Investment
Neighborhood renter concentration is high and occupancy has held roughly stable, pointing to a deep tenant base, according to CRE market data from WDSuite. Elevated ownership costs in this Los Angeles submarket further support sustained renter demand rather than homeownership churn.
Located in North Hollywood an Urban Core area with an A neighborhood rating the property benefits from strong local demand drivers and service density. Grocery, restaurant, and pharmacy access score in the upper deciles nationally, helping support day-to-day renter convenience and lease retention. The neighborhood s occupancy has been steady over the past five years, a positive signal for revenue durability at nearby assets (neighborhood figures, not property-specific).
Amenities are a relative strength: grocery presence ranks competitively among Los Angeles Long Beach Glendale s 1,441 neighborhoods, and restaurants and cafes place the area in the top quartile nationally. Park access and general amenities also trend above national medians, reinforcing livability for residents who prioritize walkable errands and short trips for essentials.
The area skews heavily renter-occupied at the neighborhood level (renter-occupied share well above metro norms), which supports multifamily demand depth and a broad leasing funnel. Median household incomes and educational attainment (a high bachelor s share) suggest a professional tenant base that can support Class B to renovated product, though rent-to-income levels indicate some affordability pressure that owners should monitor in renewal strategies.
Construction vintage averages early 1980s locally; this 1986 asset is slightly newer than the immediate area s norm, which can offer a competitive edge versus older stock. Investors should still plan for targeted modernization of building systems and common areas to meet current renter expectations and maintain pricing power over time.
Within a 3-mile radius, demographics show a modest population dip in recent years but a projected rebound with population and households expected to grow over the next five years. Shrinking household sizes alongside forecast household growth point to a larger renter pool and support for occupancy stability rather than reliance on in-migration alone. Elevated home values in the neighborhood indicate a high-cost ownership market; this typically sustains reliance on multifamily rentals and can support retention when paired with prudent lease management.
Neighborhood safety indicators compare favorably at the national level, with overall crime measures in the top quartile nationwide, according to WDSuite s CRE market data. Violent-offense indicators sit modestly above the national median, while property-offense indicators track closer to mid-national levels. Recent year-over-year trends point to improving reported incident rates across both categories. These are area-level benchmarks rather than property-specific conditions and should be paired with standard on-the-ground diligence.
Proximity to major media and communications employers underpins renter demand through short commutes and diversified creative and corporate job bases. Nearby anchors include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney media (1.7 miles)
- Disney entertainment studios (2.7 miles) HQ
- Charter Communications telecommunications (3.7 miles)
- Live Nation Entertainment entertainment (3.8 miles)
- Activision Blizzard Studios gaming & media (6.0 miles)
This 42-unit, 1986-vintage asset sits in a high-amenity North Hollywood neighborhood where renter-occupied share and occupancy levels support a broad leasing funnel and stable operations. Elevated home values point to a high-cost ownership market that reinforces reliance on rentals, while professional demographics and strong amenity access support retention and pricing power. Based on CRE market data from WDSuite, neighborhood NOI per unit runs above national norms and occupancy has been steady, indicating durable demand at the area level.
Being slightly newer than the local early-1980s average can be a competitive advantage versus older stock; however, targeted modernization may be warranted to meet current renter expectations. Affordability pressure (higher rent-to-income ratios) and average local school ratings warrant prudent lease and marketing strategies, but the employment base and amenity depth help offset cyclical risk.
- Renter-heavy neighborhood and steady occupancy support demand durability
- High amenities and professional tenant base bolster retention and pricing power
- 1986 vintage offers relative competitiveness vs. older local stock with value-add potential
- Area NOI per unit trends above national norms, per WDSuite s CRE data
- Risks: affordability pressure and average school ratings require careful leasing and renewal management