| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5250 Harmony Ave, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1990 |
| Units | 65 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5250 Harmony Ave North Hollywood Multifamily Investment
Neighborhood-level occupancy in the mid-90s and a high renter concentration point to durable leasing mechanics, according to WDSuite’s CRE market data. Pricing power may be moderated by rent-to-income dynamics, but depth of the tenant base supports steady performance.
This Urban Core pocket of North Hollywood scores an A neighborhood rating and shows investor-friendly fundamentals: strong amenity access (groceries, restaurants, and cafes rank in the mid- to high-90s nationally) and an occupancy profile that has held near the mid-90s over the last five years at the neighborhood level. For multifamily owners, that combination typically supports leasing stability and reduces downtime risk during turns.
Renter-occupied housing accounts for a large share of neighborhood units (near the upper end among Los Angeles-Long Beach-Glendale neighborhoods), indicating a deep tenant pool and sustained multifamily demand. Median home values sit at elevated levels for the metro and are in the top national percentiles, creating a high-cost ownership market that tends to keep households relying on rentals—supporting retention and occupancy for well-managed assets. At the same time, a rent-to-income ratio around 30% at the neighborhood level suggests some affordability pressure, warranting careful renewal and rent-setting strategies.
Within a 3-mile radius, demographics show a stable-to-rising renter base: households have grown modestly in recent years and are projected to increase further, while income levels are trending higher. Forecasts point to population growth and meaningful household expansion through the next five years, which generally supports absorption and occupancy stability for mid-size assets like this 65-unit property.
Vintage considerations: the property’s 1990 construction is newer than the neighborhood’s average vintage (early 1980s). That typically improves competitive positioning versus older stock while still leaving room for targeted modernization (systems, common areas, or unit finishes) to drive value-add upside and maintain rent relevance against newer deliveries.
Schools in the area trend around the national midpoint, which neither materially boosts nor detracts from typical renter demand for urban Los Angeles submarkets. Amenity density remains a core draw: neighborhood groceries and pharmacies rank in the mid-90s nationally, and restaurants and cafes also score well, supporting day-to-day convenience that helps with leasing velocity.
Compared with neighborhoods nationwide, this area sits in the top quartile for safety based on recent composite indicators, and both violent and property offense estimates have declined sharply year over year. That positive trajectory supports resident retention and leasing confidence.
Within the Los Angeles-Long Beach-Glendale, CA metro (1,441 neighborhoods), recent readings place the area roughly mid-pack on metro comparisons. For investors, the key takeaway is that national positioning looks favorable with improving trends, while metro-level performance is serviceable and should be underwritten with standard urban operating assumptions.
Proximity to major media and corporate offices anchors a sizable commuter tenant base and supports leasing stability. Notable nearby employers include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Avery Dennison.
- Radio Disney — media & entertainment offices (1.7 miles)
- Disney — media & entertainment offices (2.5 miles) — HQ
- Charter Communications — telecommunications offices (2.6 miles)
- Live Nation Entertainment — entertainment corporate offices (4.7 miles)
- Avery Dennison — materials & labeling corporate offices (6.3 miles) — HQ
5250 Harmony Ave benefits from a high-renter neighborhood with strong amenity density and occupancy that has held in the mid-90s at the neighborhood level. Elevated home values in this part of Los Angeles reinforce renter reliance on multifamily housing, supporting depth of demand and lease-up resilience for a 65-unit asset. According to commercial real estate analysis from WDSuite, national safety positioning has improved alongside year-over-year declines in estimated violent and property offenses, which bolsters retention and marketing narratives.
The 1990 vintage is slightly newer than the neighborhood’s early-1980s average, creating a competitive edge versus older stock while leaving room for strategic upgrades to capture value-add upside. Looking ahead, 3-mile demographics indicate a projected increase in households and rising incomes, which supports a larger tenant base and sustained absorption—tempered by neighborhood-level rent-to-income readings that call for disciplined renewals and targeted renovations rather than aggressive across-the-board increases.
- Renter-heavy neighborhood and mid-90s occupancy support steady leasing
- High-cost ownership market reinforces multifamily demand and retention
- 1990 vintage offers competitive positioning with value-add modernization potential
- National safety standing improving, aiding resident confidence and renewals
- Risk: rent-to-income pressure suggests measured rent growth and focused upgrades