| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5329 Cahuenga Blvd, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1978 |
| Units | 30 |
| Transaction Date | 2022-03-28 |
| Transaction Price | $7,510,000 |
| Buyer | WHITNALL PARK LLC |
| Seller | SIX GENERATIONS FAMILY TRUST |
5329 Cahuenga Blvd North Hollywood Multifamily Investment
Positioned in an Urban Core pocket with strong renter demand and high neighborhood occupancy, this 30‑unit asset offers durable cash flow fundamentals, according to WDSuite s CRE market data. Pricing power is supported by a deep tenant base, while capital planning should account for its late-1970s vintage.
The property sits in an A-rated Urban Core neighborhood that ranks 104 out of 1,441 Los Angeles metro neighborhoods, indicating competitive positioning within the region. Renter concentration is high (renter-occupied share near the upper end of the market), which supports a larger tenant base and tends to stabilize occupancy across cycles.
Daily-life amenities are a local strength: grocery, restaurant, and pharmacy densities are each in the upper national percentiles, and cafes are also abundant. These amenity fundamentals generally support leasing velocity and retention for smaller average units. School ratings trend near national mid-point; investors should plan marketing toward adult households and professionals given the neighborhood s demographic profile.
At the property level, construction year 1978 is slightly older than the neighborhood average (early 1980s), suggesting ongoing value‑add potential via unit updates and systems modernization. Neighborhood occupancy has been steady over the last five years, a positive signal for underwriting near-term stability.
Within a 3-mile radius, households have increased recently and are projected to grow further by 2028, with smaller household sizes over time a pattern that tends to expand the renter pool for studios and one-bedrooms. Elevated home values in the area and a high value-to-income ratio indicate a high‑cost ownership market, which can sustain reliance on multifamily rentals and support lease retention. Median rents are elevated versus national norms; lease management should monitor affordability pressure (rent-to-income around 30%) for renewal strategy, based on commercial real estate analysis from WDSuite.
Safety indicators compare favorably in a national context: the neighborhood scores in a higher national percentile for overall crime relative to many areas, and recent estimates show meaningful year-over-year declines in both violent and property offense rates. Within the Los Angeles metro, conditions are competitive among peer neighborhoods, though safety can vary block to block in Urban Core settings.
Investors should view the recent downward trend in estimated offense rates as constructive for leasing and retention while maintaining standard risk controls (lighting, access control, and resident engagement). These observations reflect neighborhood-level metrics, not property-specific security conditions, and are based on CRE market data from WDSuite.
Proximity to major entertainment and corporate employers supports workforce housing demand and commute convenience, notably Radio Disney, Disney, Charter Communications, Live Nation Entertainment, and Avery Dennison.
- Radio Disney media (1.5 miles)
- Disney media & entertainment (2.2 miles) HQ
- Charter Communications telecommunications (2.4 miles)
- Live Nation Entertainment live entertainment (4.7 miles)
- Avery Dennison materials & labeling (6.1 miles) HQ
This 30-unit property combines Urban Core amenity access with a renter-heavy neighborhood, supporting depth of demand and occupancy stability. The 1978 vintage is slightly older than nearby stock, presenting a clear value‑add and capital planning angle while remaining competitive given amenity strengths and sustained renter reliance in a high-cost ownership market. According to CRE market data from WDSuite, neighborhood rents and incomes sit above national norms, reinforcing pricing power but warranting attention to renewal affordability.
Forward-looking demographics within a 3-mile radius point to additional household growth by 2028 and smaller average household sizes, which typically expand the pool for smaller floor plans and support steady leasing. Exposure to experience-oriented employment in the broader LA economy should be monitored, but proximity to diversified corporate anchors provides a wide employment base for tenants.
- Renter-heavy neighborhood and steady occupancy support income durability
- 1978 vintage offers value-add and systems modernization potential
- High-cost ownership market sustains reliance on multifamily rentals
- 3-mile household growth and smaller household sizes expand the renter pool
- Risk: affordability pressure and exposure to entertainment-oriented employment cycles