| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 68th | Good |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5121 Klump Ave, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1985 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5121 Klump Ave North Hollywood Multifamily Opportunity
Strong renter concentration and dense amenities in an Urban Core setting support durable tenant demand, according to WDSuite’s CRE market data. Neighborhood occupancy and pricing trends should be evaluated alongside leasing strategies to manage affordability pressure and retention.
North Hollywood’s Urban Core location offers daily-life convenience that bolsters multifamily leasing. Restaurant and cafe density ranks 45th–46th among 1,441 Los Angeles metro neighborhoods, placing the area in the top national percentiles for food and beverage access. Grocery access also ranks highly, supporting day-to-day livability for renters.
Renter concentration is very high, with a large share of housing units renter-occupied in this neighborhood, indicating deep tenant demand for multifamily product. Median contract rents track in the higher national percentiles, while neighborhood occupancy is nearer mid-range levels; together, this points to steady demand with the need for disciplined leasing and renewal management. Elevated home values relative to incomes suggest a high-cost ownership market that tends to sustain renter reliance on multifamily housing, reinforcing pricing power for well-positioned assets.
Within a 3-mile radius, recent trends show a modest dip in population but an increase in households, and forward-looking projections indicate household growth and a smaller average household size. For investors, that implies a gradually expanding renter pool over time, supporting occupancy stability and absorption for appropriately sized units. School ratings in the neighborhood are below national averages, which may modestly shape family renter appeal, while limited immediate park access underscores the importance of on-site amenities.
Relative to the Los Angeles-Long Beach-Glendale metro, this neighborhood is competitive on amenities (ranked well within the top decile of 1,441 neighborhoods) and above the metro median on broader housing metrics. Nationally, housing indicators and net operating income per unit rank in the upper percentiles, signaling operational strength compared with many U.S. neighborhoods, based on CRE market data from WDSuite.
Safety indicators are mixed but improving. Overall crime conditions score around the upper tier nationally (approximately 73rd percentile), suggesting comparatively better safety than many U.S. neighborhoods. Violent offense measures are modestly better than national norms (around the 59th percentile), while property offense levels sit closer to the national middle. Importantly, both violent and property offense indicators show meaningful year-over-year improvement, according to WDSuite’s CRE market data.
Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), the neighborhood’s safety profile is competitive among peer urban areas rather than top-quartile. For investors, the trend direction is favorable; improvement supports leasing and retention, though ongoing monitoring and standard property-level security measures remain prudent.
The neighborhood benefits from proximity to major media and corporate employers that broaden the renter base and support lease retention, including Radio Disney, The Walt Disney Company, Charter Communications, Live Nation Entertainment, and Avery Dennison.
- Radio Disney — media (2.1 miles)
- Disney — media & entertainment (2.9 miles) — HQ
- Charter Communications — telecommunications (3.1 miles)
- Live Nation Entertainment — entertainment (6.3 miles) — HQ
- Avery Dennison — materials & packaging (6.9 miles) — HQ
5121 Klump Ave is positioned in a renter-heavy, amenity-dense pocket of North Hollywood that supports depth of demand for multifamily. Neighborhood rents sit in higher national percentiles, while occupancy is more middle-of-the-pack, indicating potential to sustain leasing with thoughtful pricing and renewal strategies. Elevated home values relative to incomes create a high-cost ownership context that typically sustains reliance on rental housing. Demographic data within a 3-mile radius points to household growth and a smaller average household size over the next five years, reinforcing a steady renter pool for professionally managed assets.
Operationally, neighborhoods here exhibit strong NOI per unit relative to national benchmarks, and amenity proximity is a competitive advantage for retention. Safety metrics show improvement trends, which can support leasing momentum if maintained, according to CRE market data from WDSuite. Key watch items include affordability pressure (rent-to-income) and subpar school ratings that may temper family demand.
- Renter-heavy neighborhood and dense amenities support a deep tenant base and leasing durability.
- High-cost ownership market reinforces multifamily demand and pricing power for well-positioned units.
- Household growth and smaller household sizes (3-mile radius) bolster the long-run renter pool and unit absorption.
- Improving safety indicators provide a supportive backdrop for retention if trends persist.
- Risks: affordability pressure (rent-to-income) and below-average school ratings may require targeted leasing and amenity strategies.