| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5015 N Bakman Ave, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1988 |
| Units | 29 |
| Transaction Date | 2021-10-31 |
| Transaction Price | $9,637,090 |
| Buyer | JBE HOLDINGS LLC |
| Seller | BODEGA BAY HOLDINGS LLC |
5015 N Bakman Ave, North Hollywood Multifamily
High renter concentration in the surrounding neighborhood supports a deep tenant base and leasing resilience, based on CRE market data from WDSuite. Neighborhood metrics indicate durable demand drivers typical of North Hollywood s urban core, with pricing power balanced by retention management.
This Urban Core pocket of North Hollywood scores an A- neighborhood rating and ranks 279 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, signaling competitive livability within the metro. Dining and daily-needs access stand out: restaurant and cafe density ranks near the top of local and national comparisons, and grocery/pharmacy access tracks in the upper national percentiles. Park and childcare options are limited within the neighborhood boundary, so residents typically rely on nearby districts for green space and services.
For multifamily investors, tenant depth is a core strength: an estimated 85% of housing units in the neighborhood are renter-occupied, indicating a substantial renter pool and support for leasing velocity and renewal activity. Neighborhood occupancy hovers around 90.1%, roughly mid-range nationally, suggesting stable absorption without clear signs of over-tightness.
Home values benchmark high (upper national percentiles), which reinforces ongoing reliance on rental options and can aid pricing power. At the same time, rent-to-income trends point to some affordability pressure, which places a premium on renewal strategy and resident retention.
Within a 3-mile radius, demographics show a large, diversified population base with modest recent population change but an increase in households and a projected rise in both households and incomes through 2028, according to WDSuite s market view. A smaller average household size in the forecast implies more households seeking units, supporting multifamily demand and occupancy stability even if population growth remains measured. School quality signals are weaker on average in this neighborhood versus national norms, which may matter less for predominantly young-professional renter segments but is worth noting for unit mix and marketing.
Safety indicators present a mixed but improving picture. The neighborhood ranks 440 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods on crime, indicating comparatively higher reported crime within the metro. Nationally, the overall crime profile sits in approximately the top quartile for safety, and recent estimates show sharp year-over-year declines in both violent and property offenses, suggesting momentum in the right direction. These signals are neighborhood-level and should be evaluated alongside property-specific measures and management practices.
Proximity to entertainment and corporate offices underpins renter demand and commute convenience, with a strong base anchored by Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Avery Dennison.
- Radio Disney corporate offices (2.1 miles)
- Disney corporate offices (3.0 miles) HQ
- Charter Communications telecommunications (3.2 miles)
- Live Nation Entertainment corporate offices (4.6 miles)
- Avery Dennison materials & labeling (6.9 miles) HQ
5015 N Bakman Ave is a 29-unit 1988-vintage asset positioned in an A- rated Urban Core neighborhood where renter-occupied housing is the dominant tenure. Strong amenity access and high ownership costs in the area support sustained reliance on multifamily, while neighborhood occupancy around 90% points to steady absorption without overheating. According to CRE market data from WDSuite, the submarket s high NOI-per-unit standing and robust amenity density are balanced by affordability pressure signals that call for thoughtful lease management.
The 1988 vintage is modestly newer than the local average, offering competitive positioning versus older stock while still presenting opportunities for targeted modernization and value-add upgrades to systems and finishes. Within a 3-mile radius, a projected increase in households and incomes expands the renter pool and supports leasing stability and renewal capture over a multi-year hold.
- Renter-heavy neighborhood supports depth of demand and renewal stability.
- Amenity-rich urban location with high national percentiles for food, grocery, and pharmacy access.
- 1988 vintage offers competitive positioning with clear value-add and modernization pathways.
- Household growth and income gains within 3 miles bolster the renter pool and occupancy durability.
- Risks: affordability pressure, mixed safety signals within the metro, and school ratings below national norms.