| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 73rd | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5407 Colfax Ave, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1986 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5407 Colfax Ave North Hollywood Multifamily Opportunity
Strong renter concentration in the surrounding neighborhood and stable, mid-90s occupancy support durable leasing, according to WDSuite’s CRE market data. Elevated ownership costs in North Hollywood further reinforce depth of demand for professionally managed apartments.
This Urban Core neighborhood in North Hollywood carries an A rating and ranks 111 out of 1,441 metro neighborhoods, placing it in the top quartile locally. Amenity access is a clear strength: grocery options and food-and-beverage density sit in the upper percentiles nationally, supporting renter convenience and day-to-day livability that can aid retention.
For multifamily demand, the neighborhood s renter-occupied share is high (around three-quarters of housing units), signaling a deep tenant base and consistent leasing velocity. Neighborhood occupancy trends remain healthy and have edged upward over the last five years, aligning with competitive Los Angeles submarkets.
Home values benchmark near the top decile nationally, indicating a high-cost ownership market that tends to sustain rental demand and pricing power for well-run assets. Median contract rents trend high for the region but, with a rent-to-income profile in a relatively favorable national percentile, the area supports balanced lease management and potential for steady renewals rather than frequent turnover.
The asset s 1986 vintage is newer than the neighborhood s typical construction year (late 1970s), offering relative competitiveness versus older stock while still leaving room for selective modernization to capture value-add upside. Within a 3-mile radius, households have grown modestly despite flat population, and forecasts point to additional household growth by 2028 expanding the local renter pool and supporting occupancy stability.
Safety indicators compare favorably at the national level: the neighborhood sits in the upper quartile nationwide for overall crime safety, with year-over-year declines in both property and violent offense estimates among the strongest improvements nationally. These are neighborhood-level readings and can support renter appeal and lease retention relative to many peer urban locations.
At the metro scale, conditions can vary block to block; investors should evaluate on-site security, lighting, and property management practices as part of standard due diligence to maintain stable operations over the hold period.
Proximity to major entertainment and media employers underpins steady renter demand, particularly for professionals seeking short commutes. Nearby employment nodes include Radio Disney, Charter Communications, Disney, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney entertainment/media offices (2.9 miles)
- Charter Communications telecommunications & media offices (3.3 miles)
- Disney entertainment studios & corporate (3.7 miles) HQ
- Live Nation Entertainment entertainment corporate offices (5.3 miles)
- Activision Blizzard Studios gaming & media offices (7.0 miles)
5407 Colfax Ave offers scale at 108 units in a high-demand North Hollywood location. Based on CRE market data from WDSuite, neighborhood occupancy has held in the mid-90s with modest five-year improvement, supported by a renter-heavy housing stock and strong amenity access. Elevated home values in the area point to a high-cost ownership market that tends to sustain multifamily demand and support pricing power for well-operated assets.
Built in 1986, the property is newer than the neighborhood s average vintage, positioning it competitively versus older buildings while leaving room for targeted renovations to drive rent premiums and operational efficiencies. Within a 3-mile radius, household counts have increased and are projected to expand further, indicating a larger tenant base over the medium term. Risks include limited nearby park access, middling school ratings, and typical urban operating considerations that warrant active property management.
- Occupancy stability and deep renter pool support durable cash flow
- High-cost ownership market reinforces sustained apartment demand
- 1986 vintage offers value-add potential via selective modernization
- Amenity-rich Urban Core location enhances retention and leasing
- Risks: limited park access, average schools, and urban ops require proactive management