| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 59th | Good |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5636 Strohm Ave, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1990 |
| Units | 34 |
| Transaction Date | 2015-01-09 |
| Transaction Price | $5,250,000 |
| Buyer | MERSOLA ANTHONY |
| Seller | STROHM APARTMENTS LLC |
5636 Strohm Ave North Hollywood Multifamily Investment
Workforce-friendly renter concentration and a high-cost ownership market point to durable leasing demand, according to WDSuite's CRE market data. Newer-vintage construction versus the area's older housing stock supports competitive positioning for resident retention.
Located in North Hollywood's Urban Core, the neighborhood ranks 320 of 1,441 metro neighborhoods (A-), placing it in the top quartile among Los Angeles neighborhoods. The area is well-served by daily needs: grocery and pharmacy access is strong, restaurants are abundant, and parks are a standout strength, while cafe density is thinner.
The property's 1990 construction is newer than the neighborhood's average vintage (1959). For investors, this generally translates into fewer near-term capital items than older comparables and a competitive edge in attracting tenants, while still warranting planning for systems modernization over the hold period.
Renter-occupied share is elevated at both the neighborhood level and within a 3-mile radius, indicating a deep tenant base for multifamily. In a high-cost ownership context, elevated home values and value-to-income ratios sustain reliance on rental housing, which can support occupancy stability and pricing power for well-managed assets.
Within a 3-mile radius, households have grown recently and are projected to expand further even as average household size trends lower. This points to more, smaller households and a broader renter pool over time, a favorable setup for demand depth. School ratings are below the national midpoint, which can factor into tenant mix and leasing strategy. Based on commercial real estate analysis from WDSuite, neighborhood rent levels and rent-to-income dynamics suggest manageable affordability pressure relative to local incomes, supporting lease retention focus over aggressive push.
Safety signals are mixed and should be framed comparatively. The neighborhood performs above many areas nationally for lower reported incidents (upper-tier national percentiles), while its intra-metro rank indicates it experiences more crime than a large share of Los Angeles neighborhoods (ranked against 1,441 metro neighborhoods). Recent one-year trends show notable improvements in both violent and property offense rates, which investors can monitor as part of operations and leasing strategy.
Proximity to major media and communications employers supports renter demand from professionals seeking short commutes, with a cluster anchored by Radio Disney, Charter Communications, Disney, Live Nation Entertainment, and Avery Dennison.
- Radio Disney — media (1.7 miles)
- Charter Communications — telecommunications (2.0 miles)
- Disney — entertainment studios (2.3 miles) — HQ
- Live Nation Entertainment — entertainment offices (5.0 miles)
- Avery Dennison — materials & packaging (6.0 miles) — HQ
The asset's 1990 vintage is newer than much of the surrounding housing stock, supporting competitive positioning against older properties and potentially moderating near-term capital needs. High ownership costs in the area tend to reinforce reliance on rental housing, and a strong renter-occupied share suggests depth in the tenant base.
Within a 3-mile radius, households are projected to increase while average household size edges lower, pointing to a larger pool of renters over time. According to multifamily property research from WDSuite, these dynamics, combined with robust neighborhood amenities, support leasing durability, with room for value-add through targeted modernization.
- Newer 1990 construction versus older neighborhood stock supports competitiveness and moderates immediate capex risk.
- Elevated renter concentration and high-cost ownership market reinforce demand depth and retention potential.
- Projected household growth within 3 miles and smaller household sizes expand the renter pool over time.
- Strong parks, groceries, pharmacies, and dining options enhance livability and leasing appeal.
- Risks: below-median school ratings and an intra-metro safety rank that warrants active management and resident-focused operations.