| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5161 Riverton Ave, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1977 |
| Units | 24 |
| Transaction Date | 2010-11-03 |
| Transaction Price | $377,000 |
| Buyer | GOLDMAN ANDY E |
| Seller | ORLOVICH SHLOMO |
5161 Riverton Ave, North Hollywood Multifamily Investment
Renter-occupied housing is prevalent in this neighborhood, supporting a deeper tenant base and steadier lease-up, according to WDSuite’s CRE market data. Neighborhood occupancy trends sit in the low-to-mid 90s, suggesting generally stable performance for well-managed assets.
The property sits in an Urban Core pocket of North Hollywood rated A at the neighborhood level, competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked against 1,441 in the metro). High renter concentration at the neighborhood level indicates depth for multifamily demand and supports ongoing leasing activity.
Daily convenience is a strength: neighborhood amenities benchmark in the top national quartiles, with grocery, restaurants, parks, and pharmacies all measuring well above national averages. This concentration of services typically supports resident retention and limits friction in day-to-day living for tenants.
Rent and occupancy dynamics are constructive. Neighborhood occupancy is above national midpoints and has been broadly steady over the past five years, while median contract rents trend among higher national percentiles. With a neighborhood renter-occupied share near eight-tenths, the local housing stock skews toward rentals, which generally supports a larger tenant pool and steadier absorption for multifamily assets.
Construction year for the asset is 1977, older than the neighborhood average vintage (1982). For investors, that points to potential value-add through unit modernization and building systems updates, along with the need for capital planning to remain competitive versus newer stock.
Within a 3-mile radius, demographics reflect a sizable, diversified renter pool with small household sizes and rising incomes. Forward-looking estimates point to household growth and higher median incomes by the late 2020s, expanding the tenant base and supporting occupancy stability and rentability for well-positioned units.
Homeownership costs in the neighborhood rank among the highest nationally, which tends to sustain reliance on rental housing and can support pricing power for quality apartments. At the same time, elevated rent-to-income ratios warrant attention to lease management and renewal strategies to mitigate retention risk.
Neighborhood safety metrics are comparatively favorable versus many urban peers. Based on metro rankings (357 out of 1,441 neighborhoods), the area performs above the Los Angeles-Long Beach-Glendale median. Nationally, the neighborhood lands in higher safety percentiles, indicating relatively safer conditions compared with many neighborhoods across the country.
Recent trend data shows notable year-over-year reductions in both violent and property offense estimates, which can support renter confidence and length of stay. As with any infill location, investors should underwrite to property-level controls and operations, while viewing the broader trend as a constructive backdrop rather than a guarantee.
Proximity to major entertainment and corporate offices underpins tenant demand through short commutes and industry-diverse employment, including Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Avery Dennison.
- Radio Disney — corporate offices (1.6 miles)
- Disney — corporate offices (2.4 miles) — HQ
- Charter Communications — corporate offices (2.7 miles)
- Live Nation Entertainment — corporate offices (4.5 miles)
- Avery Dennison — corporate offices (6.3 miles) — HQ
5161 Riverton Ave offers scale at 24 units in a North Hollywood Urban Core location where neighborhood occupancy is generally steady and renter-occupied housing is dominant. Elevated home values in the surrounding area reinforce renter reliance on multifamily housing, while amenity density supports resident satisfaction and lease retention. According to CRE market data from WDSuite, neighborhood performance metrics sit above national midpoints across several categories relevant to multifamily underwriting.
Constructed in 1977, the asset is older than the local average vintage, creating a clear value-add path through selective renovations and systems upgrades to bolster competitive positioning. Within a 3-mile radius, forecasts indicate growth in households and incomes through the late 2020s, pointing to a larger tenant base and capacity for sustained occupancy. Investors should also monitor rent-to-income levels and tailor renewal strategies to manage affordability pressure and retention risk.
- Urban Core location with strong amenity access and above-average neighborhood standing within the Los Angeles metro
- Renter-occupied share is high at the neighborhood level, supporting depth of demand and lease-up stability
- 1977 vintage points to value-add upside via modernization and building systems improvements
- High-cost ownership market supports multifamily pricing power and retention for quality units
- Risk: affordability pressure requires careful rent management and renewal strategies to sustain occupancy