| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5051 Klump Ave, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1985 |
| Units | 32 |
| Transaction Date | 2011-09-01 |
| Transaction Price | $5,300,000 |
| Buyer | 5051 Klump Ave LLC |
| Seller | FMS Holdings II LLC |
5051 Klump Ave North Hollywood Multifamily Investment
Renter demand is supported by a deep tenant base and strong amenity density in the surrounding neighborhood, according to WDSuite’s CRE market data. Stability looks tied to an urban-core location with high renter concentration and competitive local incomes.
The property sits within an Urban Core pocket of North Hollywood that rates A- and is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 279 out of 1,441). Amenity access is a clear strength: neighborhood counts for restaurants, cafes, and grocery options place in the 99th percentile nationally, reinforcing daily convenience and leasing appeal for renters.
Neighborhood renter-occupied share is high at the neighborhood level, with renter concentration among the strongest nationally (99th percentile). For investors, this signals depth in the multifamily tenant base and supports ongoing leasing velocity. Measured at the neighborhood level, occupancy trends sit near the national mid-range, suggesting that leasing performance will rely on competitive positioning and management rather than market lift alone.
Within a 3-mile radius, demographics show a sizable working-age population and a projected increase in households through 2028, indicating a larger tenant base over time. Smaller average household sizes locally, coupled with the property’s modest average unit size, can support demand for efficient floorplans popular with singles and couples, helping sustain absorption and renewal potential.
Ownership costs in the neighborhood are elevated relative to most U.S. areas (home values near the top of national distributions). In practice, a high-cost ownership market tends to reinforce renter reliance on multifamily housing, which can aid retention and pricing power when operations and unit quality are well managed. School ratings trail national norms, which may modestly limit appeal to family renters; however, the broader amenity ecosystem and employment access remain core drivers for this location.
Neighborhood safety compares favorably in the Los Angeles-Long Beach-Glendale metro, with overall crime performance competitive among 1,441 metro neighborhoods and above the metro median. Nationally, the area scores stronger than average overall, with violent-offense measures also better than national midpoints, while property offenses sit closer to the national middle.
Recent trend data points to meaningful year-over-year improvement in both violent and property offense rates, according to WDSuite’s CRE market data. As always, investors should underwrite to property-level security measures and management practices, using neighborhood trends as context rather than block-level guarantees.
The nearby employment base includes entertainment and media headquarters and corporate offices that support renter demand through short commutes and diversified white-collar jobs. The list below highlights key employers within an approximately 2–8 mile radius that commonly draw residents to this submarket.
- Radio Disney — media (2.1 miles)
- Disney — entertainment HQ/production (2.9 miles) — HQ
- Charter Communications — telecommunications (3.1 miles)
- Live Nation Entertainment — entertainment offices (4.6 miles)
- Activision Blizzard Studios — gaming/media (6.7 miles)
5051 Klump Ave offers investors exposure to a high-amenity Urban Core location where renter-occupied housing is among the highest nationally, supporting a deep tenant base and consistent leasing activity. While neighborhood occupancy sits near national mid-range levels, amenity density, proximity to major entertainment employers, and a high-cost ownership landscape underpin demand resilience and potential pricing power for well-managed assets, based on commercial real estate analysis from WDSuite.
Within a 3-mile radius, households are projected to increase through 2028 and average household sizes are comparatively small, aligning with demand for efficient floorplans. Key risks include affordability pressure relative to incomes and below-average school ratings, which place a premium on product quality, customer service, and targeted marketing toward the area’s strong single and couple renter segments.
- Urban Core location with national top-tier amenity access supports leasing velocity
- High neighborhood renter concentration indicates a deep tenant base and renewal potential
- Employment proximity to major media and entertainment firms aids demand stability
- Elevated ownership costs reinforce reliance on rentals, supporting pricing power for quality assets
- Risks: affordability pressure and weaker school ratings require careful lease management and positioning