| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 70th | Good |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5513 Fulcher Ave, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1987 |
| Units | 23 |
| Transaction Date | 2006-04-19 |
| Transaction Price | $3,100,000 |
| Buyer | Nestor Santtia |
| Seller | 6 Angels, LLC (et al) |
5513 Fulcher Ave North Hollywood Multifamily Investment
Renter-occupied housing is prevalent in the surrounding neighborhood, supporting depth of demand and lease stability, according to WDSuite s CRE market data. Elevated ownership costs at the metro scale further reinforce renter reliance on multifamily housing, while neighborhood occupancy trends sit closer to the national middle.
Positioned in North Hollywood s Urban Core, the neighborhood rates in the top quartile among 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods (A- rating), indicating competitive fundamentals for multifamily investors. Neighborhood metrics such as occupancy, rents, and household composition reflect submarket dynamics rather than this specific property.
Daily-life amenities are a clear strength: grocery access ranks in the top decile nationally, with restaurants and cafes also testing the upper percentiles. Childcare density tracks well above national averages, and average school ratings sit above national norms. Park and pharmacy counts are limited within the immediate neighborhood, which may shift amenity expectations toward private on-site features or nearby commercial corridors.
For investors evaluating demand resilience, the share of renter-occupied housing units is high compared with metro and national benchmarks, signaling a deep tenant base for multifamily product. Neighborhood contract rents benchmark above national medians, while occupancy is closer to mid-pack and has softened modestly over five years, based on CRE market data from WDSuite. Home values in the area are elevated relative to national levels, which can sustain rental demand and support pricing power; at the same time, rent-to-income ratios point to manageable affordability pressure that can aid retention and lease management.
Demographic statistics within a 3-mile radius show households have grown modestly in recent years despite a flat-to-slightly lower population, implying smaller average household sizes and a broader renter pool. Forward-looking projections indicate population and household growth through the next five years, reinforcing the local tenant base and supporting occupancy stability for well-positioned assets.
Safety indicators compare favorably to national averages overall, with the neighborhood landing above the national median for combined crime measures. According to WDSuite s CRE market data, recent year-over-year trends show substantial declines in both property and violent incident estimates, which is constructive for long-term leasing and retention.
That said, property crime remains a monitoring point relative to national benchmarks, and conditions can vary by block and over time. Investors should underwrite prudent security and operations practices typical for dense urban submarkets within the Los Angeles-Long Beach-Glendale metro.
The area s workforce is anchored by media, entertainment, and corporate services, supporting commuter convenience and a stable renter base. Notable nearby employers include Radio Disney, Charter Communications, The Walt Disney Company, Live Nation Entertainment, and Avery Dennison.
- Radio Disney media (2.2 miles)
- Charter Communications telecommunications (2.6 miles)
- Disney entertainment (2.9 miles) HQ
- Live Nation Entertainment entertainment (5.1 miles)
- Avery Dennison materials & packaging (6.7 miles) HQ
Built in 1987, this 23-unit asset is newer than much of the surrounding housing stock, offering relative competitiveness versus older vintage properties while still leaving room for targeted modernization of common areas and building systems. The neighborhood s high renter concentration, elevated home values, and robust amenity access support a large tenant base and pricing power, while household growth within a 3-mile radius points to continued renter pool expansion. Neighborhood NOI per unit trends are strong on a comparative basis, according to CRE market data from WDSuite, even as area occupancy sits nearer the national middle.
Key considerations include limited public parks in the immediate neighborhood and mid-pack occupancy that warrants focused leasing and renewal strategies. Given the employment base heavy in media and entertainment investors should recognize potential cyclicality, balancing it against the location s commute advantages and deep renter base.
- 1987 vintage provides competitive positioning versus older stock, with value-add potential through targeted upgrades.
- High renter-occupied share and elevated ownership costs support durable multifamily demand and pricing power.
- Amenity-rich urban location near major employers supports leasing velocity and retention.
- Household growth within a 3-mile radius expands the tenant base, supporting occupancy stability.
- Risks: mid-pack neighborhood occupancy, limited nearby parks, and potential cyclicality tied to entertainment-oriented employment.