| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 70th | Good |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5525 Klump Ave, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 2012 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5525 Klump Ave North Hollywood Multifamily Investment
This 49-unit property built in 2012 sits in a neighborhood with 73.8% rental occupancy, ranking in the 98th percentile nationally for renter concentration according to CRE market data from WDSuite.
The North Hollywood neighborhood demonstrates strong fundamentals for multifamily property research, with rental units comprising 73.8% of housing stock—placing it in the 98th percentile nationally among neighborhoods. This concentration supports consistent demand for rental properties. The area's A- rating reflects above-average performance across key investment metrics, ranking 296th among 1,441 metro neighborhoods.
Built in 2012, this property aligns with the neighborhood's average construction year of 1971, positioning it as newer stock that may require less immediate capital expenditure compared to the older building inventory. The neighborhood's NOI per unit averages $15,496, ranking in the 95th percentile nationally, indicating strong revenue generation potential for comparable properties.
Demographics within a 3-mile radius show 227,327 residents with median household income of $87,708. The area maintains 67.1% renter-occupied housing, reinforcing rental demand depth. Contract rents average $1,796 with 35.2% growth over five years, though the rent-to-income ratio of 32% suggests affordability pressure that requires careful lease management considerations.
Amenity density supports tenant retention with 9.13 grocery stores per square mile (99th percentile nationally) and strong restaurant access. However, the neighborhood lacks parks and pharmacy coverage, which may limit some lifestyle amenities tenants seek.
The neighborhood's crime metrics show mixed signals for investor consideration. Property offense rates declined 74.8% year-over-year, ranking in the 96th percentile nationally for improvement trends. Violent crime also decreased 95.4%, placing the area in the 100th percentile for violent crime reduction among metro neighborhoods.
Current property crime rates rank 792nd among 1,441 Los Angeles metro neighborhoods, indicating above-average crime levels compared to the broader region. However, the substantial recent improvements in both property and violent crime trends suggest positive momentum that may support tenant retention and leasing velocity.
The North Hollywood submarket benefits from proximity to major entertainment and corporate employers, supporting workforce housing demand from media and technology professionals.
- Radio Disney — media & entertainment (2.3 miles)
- Charter Communications — telecommunications (2.7 miles)
- Disney — entertainment & media (3.0 miles) — HQ
- Live Nation Entertainment — entertainment services (5.1 miles)
- Live Nation Entertainment — entertainment services (6.8 miles) — HQ
This 49-unit North Hollywood property offers exposure to Los Angeles County's rental-dominant housing market, where 73.8% of neighborhood units are renter-occupied. The 2012 construction vintage positions the asset as newer stock within a neighborhood averaging 1971 builds, potentially reducing near-term capital expenditure needs while maintaining competitive appeal.
Commercial real estate analysis from WDSuite indicates strong neighborhood fundamentals, with NOI per unit averaging $15,496 in the 95th percentile nationally. Demographics within three miles show household growth projections of 36.3% through 2028, expanding the potential tenant base. However, the 32% rent-to-income ratio requires careful monitoring of affordability pressures and renewal strategies.
- Rental-dominant market with 98th percentile national ranking for renter concentration
- 2012 construction offers competitive positioning versus older neighborhood stock
- Proximity to Disney headquarters and entertainment industry employers
- Projected 36.3% household growth through 2028 supporting demand
- Risk: Elevated rent-to-income ratios may pressure renewal rates and require concession management