| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5054 N Klump Ave, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1986 |
| Units | 50 |
| Transaction Date | 1996-01-30 |
| Transaction Price | $1,822,737 |
| Buyer | 5050 KLUMP LLC |
| Seller | STATE STREET BANK & TRUST COMPANY |
5054 N Klump Ave North Hollywood Multifamily Investment
Renter demand is reinforced by a high-cost ownership landscape and a deep renter base in North Hollywood, according to WDSuite’s CRE market data. Investors should expect steady leasing interest, with pricing power balanced by local affordability pressures.
Situated in North Hollywood’s Urban Core, the property benefits from dense amenities and strong daily-life convenience. Neighborhood amenity access is a relative strength: cafes and restaurants rank in the 99th percentile nationally, and grocery access is also in the 99th percentile, supporting lifestyle appeal and resident retention. Parks and dedicated childcare options are sparse locally, which may modestly limit family-oriented draw. Average school ratings trend lower (near the 15th percentile nationally), a factor to weigh for unit mixes oriented toward households with school-age children.
From an investment lens, the neighborhood posts an A- rating and is competitive among Los Angeles-Long Beach-Glendale neighborhoods (279 out of 1,441), with housing indicators in the top quartile nationally. Neighborhood occupancy is approximately 90% and has softened over the last five years, suggesting active leasing management remains important to sustain performance. At the same time, neighborhood NOI per unit averages rank in the 92nd percentile nationally, indicating revenue potential for well-operated assets in this submarket context.
Tenure patterns and costs point to durable renter demand. Within a 3-mile radius, about two-thirds of housing units are renter-occupied, indicating a sizable tenant base. Elevated home values (median near $900K) and a high value-to-income ratio support renter reliance on multifamily housing, while a rent-to-income ratio around 0.32 underscores the need for careful lease management to mitigate affordability pressure and support retention.
Demographic trends within a 3-mile radius show a modest population dip in recent years but a projected increase by 2028 alongside a sizeable rise in households and smaller average household sizes. For multifamily, more households and a stable share of renter-occupied units point to a larger tenant base and support for occupancy stability. Forecast rent growth in the area further underpins the leasing outlook, based on multifamily property research from WDSuite.
Asset vintage matters for competitive positioning. Built in 1986, the property is slightly newer than the neighborhood’s average construction year (1984), offering relative competitiveness versus older stock, while still warranting attention to aging systems and targeted value-add to meet today’s renter expectations.
Neighborhood safety compares favorably on a national basis. Overall crime is around the 73rd percentile nationally (safer than much of the country), and violent-offense rates are modestly better than average (around the 59th percentile). Property-offense rates sit below national midrange; however, recent year estimates indicate a sharp improvement in both violent and property offenses, suggesting positive momentum. These metrics reflect neighborhood-wide patterns rather than conditions at a specific property or block.
Within the Los Angeles-Long Beach-Glendale metro context of 1,441 neighborhoods, trends indicate the area is competitive rather than outlier-low on crime, with year-over-year declines contributing to a more stable operating environment. Investors should continue standard risk management, but the direction of change supports tenant retention and leasing confidence.
Proximity to major entertainment and corporate offices underpins workforce housing demand and commute convenience for residents. Nearby employers include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney — media (2.1 miles)
- Disney — entertainment studios (2.9 miles) — HQ
- Charter Communications — telecommunications (3.1 miles)
- Live Nation Entertainment — entertainment (4.6 miles)
- Activision Blizzard Studios — gaming & media (6.7 miles)
5054 N Klump Ave offers investors exposure to a renter-heavy North Hollywood location with strong amenity access and high-cost homeownership dynamics that support multifamily demand. Built in 1986, the asset is slightly newer than the neighborhood average, positioning it competitively versus older stock; investors should plan for ongoing system updates and targeted renovations to capture value-add upside. Neighborhood occupancy is around 90% with some softening in recent years, indicating the importance of proactive leasing and renewals even as amenity density and workforce proximity sustain interest.
Within a 3-mile radius, the share of renter-occupied housing is substantial and household counts are projected to expand while average household size declines—both dynamics that expand the renter pool and support occupancy stability. Elevated home values relative to incomes reinforce reliance on rentals, while rent-to-income levels call for disciplined pricing and renewal strategies. According to CRE market data from WDSuite, area NOI performance trends are strong versus national benchmarks, and forward rent expectations are constructive, supporting a long-term hold or value-add thesis balanced by prudent expense and lease management.
- Renter-heavy location in an amenity-rich Urban Core supports stable leasing
- 1986 vintage offers competitive positioning with room for targeted value-add
- High ownership costs sustain renter reliance and pricing power potential
- Expanding household counts within 3 miles point to a larger tenant base
- Risks: softer neighborhood occupancy, lower school ratings, and affordability pressure require active asset and lease management