| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 70th | Good |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5523 N Fulcher Ave, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1987 |
| Units | 23 |
| Transaction Date | 2001-04-25 |
| Transaction Price | $904,600 |
| Buyer | SANNTIA NESTOR |
| Seller | 6 ANGELS LLC |
5523 N Fulcher Ave, North Hollywood Multifamily Near Studio Employers
High renter concentration and elevated ownership costs in the neighborhood support steady multifamily demand, according to WDSuite’s CRE market data. Strengths in daily amenities and proximity to major entertainment employers further underpin leasing resilience.
The property sits in an Urban Core pocket of North Hollywood that ranks 296 of 1,441 Los Angeles–Long Beach–Glendale neighborhoods, placing it in the top quartile metro-wide. Neighborhood amenities are a differentiator: grocery access is strong (top national percentile range), with cafés and childcare density well above national norms, which helps retention and day-to-day livability for renters.
Renter-occupied housing makes up a large share of neighborhood units (near the top of the metro distribution), signaling a deep tenant base and durable demand for smaller asset sizes. Median contract rents in the neighborhood sit above national medians, while neighborhood occupancy trends are closer to the middle of national performance; together this points to stable, but actively managed, leasing conditions for comparable assets.
Construction year averages in the area skew earlier (1970s). With a 1987 vintage, the subject is newer than much of the local stock, which can enhance competitive positioning versus older buildings while still warranting targeted modernization planning for building systems and common areas as part of a value-add or lifecycle strategy.
Within a 3-mile radius, household counts have inched up in recent years and are projected to expand further alongside a gradual decrease in average household size. This combination typically enlarges the renter pool and supports occupancy stability for well-located Class B assets. The average school rating trends above national midpoints, offering another livability pillar for long-term retention. Elevated home values locally reinforce reliance on rental housing, though the area’s rent-to-income profile suggests some affordability pressure that owners should manage via renewals and unit mix strategy.
Safety conditions are competitive among Los Angeles–Long Beach–Glendale neighborhoods, with the area’s crime rank positioned in the stronger half of the metro (489 out of 1,441). Relative to neighborhoods nationwide, the area trends above the national median for safety, and recent data indicates meaningful year-over-year declines in both property and violent offense rates.
As with any urban core location, operators should monitor trends and coordinate on-site measures with evolving neighborhood patterns, using WDSuite’s time-series benchmarks for context rather than block-level assumptions.
The nearby employment base is anchored by media and corporate offices that support a steady flow of renters seeking commute convenience. The employers below represent key demand drivers within a short radius, reinforcing leasing depth for workforce and creative-class tenants.
- Radio Disney — media (2.2 miles)
- Charter Communications — telecommunications (2.6 miles)
- Disney — entertainment studios (2.9 miles) — HQ
- Live Nation Entertainment — entertainment offices (5.1 miles)
- Avery Dennison — materials manufacturing (6.7 miles) — HQ
This 23-unit, 1987-vintage property benefits from a high-renter neighborhood, strong daily amenity access, and proximity to major studio and corporate employers that underpin year-round leasing. Elevated local home values tend to sustain reliance on multifamily, while neighborhood occupancy sits nearer the national middle—favorable for stability yet requiring attentive revenue management. Based on CRE market data from WDSuite, the area’s renter concentration and amenity density compare well to national benchmarks, supporting a resilient tenant base for Class B assets with thoughtful upgrades.
Forward demographic indicators aggregated within a 3-mile radius point to an expanding household base and smaller household sizes, which typically increase the number of renting households. Given its newer-than-neighborhood-average vintage, the asset can compete effectively against older stock, with targeted modernization offering potential to capture incremental rent and retention gains.
- High renter concentration in the neighborhood supports depth of tenant demand
- 1987 vintage provides relative advantage versus older local stock with value-add upside
- Amenity-rich Urban Core location near major studio and corporate employers
- Household expansion within 3 miles supports leasing stability for mid-size assets
- Risks: mid-pack neighborhood occupancy and affordability pressure require active lease and renewal management