| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 70th | Good |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5500 Bonner Ave, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 2006 |
| Units | 32 |
| Transaction Date | 2008-06-26 |
| Transaction Price | $3,760,000 |
| Buyer | COELER WILLI O |
| Seller | BONNER CASITAS LP |
5500 Bonner Ave North Hollywood Multifamily Opportunity
Neighborhood renter concentration is high and supports a deep tenant base, while occupancy trends sit near the national mid-range, according to WDSuite s CRE market data. Newer 2006 construction offers competitive positioning versus older local stock.
Top quartile among 1,441 metro neighborhoods (A- rating) signals durable renter demand in the Los Angeles-Long Beach-Glendale market. The property s 2006 vintage is newer than the neighborhood s 1970s average, offering a relative edge on curb appeal and systems while leaving room for targeted value-add to capture rent premiums.
Amenity access is a strength: the area sits in very high national percentiles for grocery, cafe, childcare, and restaurant density, which supports leasing and retention. Park and pharmacy density are lower in the immediate neighborhood, modestly narrowing lifestyle variety compared with other urban nodes, but overall access trends favorable for North Hollywood.
At the neighborhood level, renter-occupied share is elevated, indicating a deep multifamily tenant base rather than for-sale competition. Neighborhood occupancy tracks around the national mid-range, implying stable but competitive leasing conditions where product quality and management execution can sustain performance.
Within a 3-mile radius, population has been flat to slightly down in recent years while household counts edge higher and average household size trends smaller. Forward-looking projections point to growth in both population and households, expanding the renter pool and supporting occupancy stability. Elevated home values by national standards indicate a high-cost ownership market that tends to reinforce reliance on rentals, aiding pricing power while calling for thoughtful affordability and retention strategies.
School ratings average mid-to-upper tier for the metro, broadening appeal across renter cohorts. Housing and demographic indicators trend above national medians, aligning with sustained demand for professionally managed multifamily product in this urban-core location.
Safety indicators are mixed but improving. Overall conditions compare above the national average for safety (around the 70th percentile nationally), which is competitive among Los Angeles neighborhoods. Property offense measures sit closer to the national middle, but recent year-over-year estimates indicate notable declines a constructive trend for risk management and resident retention.
Violent offense indicators track near the national mid-range and have also improved materially over the past year. As with most urban-core locations, prudent security practices and ongoing monitoring are advisable rather than relying on block-level assumptions.
Nearby entertainment and communications employers underpin workforce housing demand and commute convenience for renters. The most proximate anchors include Radio Disney, Charter Communications, Disney, Live Nation Entertainment, and Activision Blizzard Studios.
- Radio Disney corporate offices (2.2 miles)
- Charter Communications communications (2.6 miles)
- Disney entertainment studios (3.0 miles) HQ
- Live Nation Entertainment live entertainment (5.1 miles)
- Activision Blizzard Studios gaming & media (7.2 miles)
This 32-unit, 2006-vintage asset is positioned in a top-quartile Los Angeles neighborhood with strong amenity access and a high renter-occupied share. Neighborhood occupancy trends around the national mid-range, while high-cost ownership conditions support continued reliance on multifamily. Based on CRE market data from WDSuite, neighborhood income and housing indicators sit above national medians, reinforcing rent support for well-managed properties. The newer vintage versus local stock offers competitive positioning, with scope for selective interior and common-area updates to enhance yields.
Within a 3-mile radius, forecasts call for population and household growth alongside smaller average household sizes, expanding the renter pool and supporting occupancy stability. Underwriting should balance pricing power with rent-to-income considerations typical of high-cost markets by emphasizing retention and amenity-led differentiation.
- Newer 2006 vintage relative to neighborhood s older stock supports competitiveness and selective value-add
- Elevated neighborhood renter concentration indicates deep tenant base and demand durability
- High-cost ownership market sustains reliance on rentals, aiding pricing power and lease retention
- Risk: mid-range neighborhood occupancy and renter affordability pressures require disciplined leasing and expense control