| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5311 N Denny Ave, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1987 |
| Units | 23 |
| Transaction Date | 1994-12-29 |
| Transaction Price | $1,020,000 |
| Buyer | MOSS JERRY F |
| Seller | FIRST FEDERAL SVGS BANK OF CALIFORNIA |
5311 N Denny Ave North Hollywood Multifamily Investment
In an amenity-rich Urban Core pocket of North Hollywood, neighborhood occupancy has held in a stable range and renter demand is deep, according to WDSuite’s CRE market data. This positioning supports steady leasing while offering operational upside from thoughtful renovations.
The property sits within a North Hollywood Urban Core neighborhood rated A, competitive among Los Angeles-Long Beach-Glendale neighborhoods (rank 104 of 1,441). Amenity access is a clear strength: grocery and restaurant density trends in the top quartile nationally, with cafes and parks also above national medians. These fundamentals underpin convenience for tenants and help sustain demand.
Renter concentration at the neighborhood level is high, with a large share of housing units renter-occupied (rank 96 of 1,441; top national percentiles). For multifamily operators, this indicates a broad tenant base and supports occupancy management. Neighborhood occupancy is reported at 93.6%, consistent with steady leasing conditions in the submarket, based on CRE market data from WDSuite.
Ownership costs are elevated for the area (home values trend in the upper national percentiles and the value-to-income ratio ranks near the top nationally), which typically reinforces reliance on multifamily housing. This dynamic can support pricing power and lease retention, while also requiring careful attention to rent-to-income levels for renewal strategy.
Within a 3-mile radius, demographic data show households have inched higher recently and are projected to grow further, with smaller average household sizes over time. That combination points to a larger renter pool and incremental demand for well-located apartments. School ratings track near the national midpoint, which may be adequate for a broad renter audience but suggests limited differentiation on that dimension.
Vintage is 1987, slightly newer than the neighborhood average year built. This can provide a competitive edge versus older stock, while still leaving room for targeted modernization and energy-efficiency upgrades to drive rentability and operating efficiency.
Neighborhood safety indicators compare favorably in context: the area is competitive among Los Angeles-Long Beach-Glendale neighborhoods (crime rank 357 of 1,441) and sits in the upper national percentiles for comparative safety. Recent trend data point to sharp year-over-year declines in both property and violent offense rates, suggesting improving conditions relative to broader benchmarks. As always, safety can vary by block and over time, so investors should align underwriting with current, on-the-ground observations.
Proximity to media, entertainment, and telecommunications corporate offices supports a diverse employment base and convenient commutes for renters. Nearby anchors include Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Avery Dennison.
- Radio Disney — media & entertainment (1.6 miles)
- Disney — media & entertainment (2.4 miles) — HQ
- Charter Communications — telecommunications (2.5 miles)
- Live Nation Entertainment — entertainment (4.7 miles)
- Avery Dennison — materials & packaging (6.2 miles) — HQ
5311 N Denny Ave is a 23-unit, 1987-vintage asset positioned in an A-rated Urban Core neighborhood of North Hollywood. At the neighborhood level, renter-occupied housing is prevalent and occupancy has been steady, while elevated ownership costs and strong amenity access reinforce the appeal of professionally managed apartments. According to CRE market data from WDSuite, these dynamics are consistent with above-median performance nationally for housing and amenities.
Forward-looking demographics within a 3-mile radius point to an expanding household base and smaller average household sizes, which typically translate into a larger tenant pool and support for occupancy stability. With vintage slightly newer than local averages, the asset can compete well versus older stock; targeted renovations and systems upgrades offer value-add potential without the full scope of a ground-up repositioning. Key risks to underwrite include rent-to-income pressures and neighborhood exposure to sectors that can be sensitive to macro shocks.
- Amenity-rich A-rated neighborhood with steady occupancy and deep renter base
- Elevated ownership costs bolster reliance on rentals, supporting pricing power
- 1987 vintage offers relative competitiveness plus renovation/value-add upside
- 3-mile demographics indicate more households and a larger tenant pool ahead
- Risks: rent-to-income pressures and cyclicality in parts of the local employment base