| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5121 Bakman Ave, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | 1994-12-21 |
| Transaction Price | $900,000 |
| Buyer | RAPPAPORT PAUL |
| Seller | GLENDALE FEDERAL BANK FSB |
5121 Bakman Ave, North Hollywood Multifamily Investment
High renter concentration in the surrounding neighborhood supports a deep tenant base and pricing resilience, according to WDSuite’s CRE market data. Investors should view occupancy trends in context of strong local amenities and a high-cost ownership market that tends to sustain rental demand.
This Urban Core pocket of North Hollywood scores A- overall and is competitive among 1,441 Los Angeles-Long Beach-Glendale neighborhoods (ranked 279), indicating solid fundamentals for small and mid-size multifamily. Amenity density is a clear advantage: cafes, restaurants, groceries, and pharmacies all benchmark in high national percentiles, which supports leasing and retention. Limited park and childcare density are softer spots that may matter for family-oriented renters.
Renter-occupied housing is very prevalent in the immediate neighborhood (top national percentiles for renter concentration), signaling a broad tenant pool and steady demand for units. While neighborhood occupancy is around the middle of the pack locally, high renter share typically helps stabilize leasing through cycles. Elevated home values versus incomes (top national percentiles) suggest a high-cost ownership market that tends to keep households in rental longer, reinforcing pricing power for well-positioned assets.
Within a 3-mile radius, demographics show a large renter base today and projections for a meaningful increase in households over the next five years, even as average household size trends smaller. That shift generally expands the renter pool and supports occupancy stability. Income levels have risen and are projected to continue growing, which can underpin rent collections and renewal capture for quality properties.
From an investor lens, recent rent growth outperformed many areas of the country, and NOI per unit benchmarks above most U.S. neighborhoods, based on commercial real estate analysis from WDSuite. The trade-off to monitor is renter affordability pressure relative to local incomes; thoughtful lease management and amenity-driven differentiation will be important to sustain performance.
Safety indicators in this neighborhood are competitive among Los Angeles-Long Beach-Glendale areas (ranked 440 of 1,441) and sit above the national median (73rd percentile), based on WDSuite’s data. Recent year-over-year trends show substantial declines in both property and violent offense estimates, which is a constructive signal for long-term operations. As always, safety can vary block by block, so investors should pair these directional trends with on-the-ground diligence.
Proximity to major entertainment and telecom employers supports renter demand through short commutes and stable professional job bases. Nearby anchors include Radio Disney, Disney, Charter Communications, and Live Nation Entertainment.
- Radio Disney — corporate offices (2.18 miles)
- Disney — corporate offices (3.04 miles) — HQ
- Charter Communications — corporate offices (3.11 miles)
- Live Nation Entertainment — corporate offices (4.71 miles)
- Live Nation Entertainment — corporate offices (6.27 miles) — HQ
5121 Bakman Ave offers exposure to an A- rated Urban Core neighborhood where renter-occupied housing is prevalent and amenity density is a clear competitive edge. Elevated ownership costs locally tend to reinforce reliance on multifamily, while strong service and creative-sector employment nearby supports leasing velocity. According to CRE market data from WDSuite, neighborhood rents and NOI per unit benchmark high nationally, suggesting durable revenue potential for well-positioned assets.
Key considerations include mid-pack neighborhood occupancy and renter affordability pressure relative to incomes; operators may need to emphasize retention, unit quality, and targeted renovations to sustain pricing. Limited parks and childcare density, along with below-average school ratings, could narrow appeal for some household types, but the broader tenant base and projected household growth within 3 miles point to ongoing demand for professionally managed apartments.
- High renter concentration and amenity-rich location support a deep tenant base
- Elevated home values versus incomes sustain rental demand and pricing power
- Strong historical rent and NOI benchmarks, per WDSuite, underpin revenue durability
- Nearby entertainment and telecom employers bolster leasing and retention
- Risks: mid-pack occupancy, renter affordability pressure, and limited parks/childcare