| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 65th | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5711 Camellia Ave, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1985 |
| Units | 20 |
| Transaction Date | 2006-08-28 |
| Transaction Price | $2,500,000 |
| Buyer | 428 CALIFORNIA LLC |
| Seller | CALIFORNIA APARTMENTS LLC |
5711 Camellia Ave North Hollywood Value-Add Multifamily
Positioned in an Urban Core pocket of North Hollywood with stable neighborhood occupancy and a deep renter base, this 20-unit asset offers operational upside and modernization potential, according to WDSuite s CRE market data. Elevated ownership costs in the area favor sustained renter reliance, supporting lease retention and pricing discipline.
The property sits in a neighborhood rated A- and ranked 331 out of 1,441 Los Angeles metro neighborhoods, a position that is competitive among Los Angeles-Long Beach-Glendale neighborhoods. Restaurants are dense (top decile nationally), and daily-needs access is solid with groceries and pharmacies scoring well above national averages, though parks and cafes are limited. These dynamics support renter convenience and help with day-to-day livability for workforce and professional tenants.
Neighborhood occupancy is 94.2% with a renter-occupied share around 64%, indicating a large renter pool that can underpin demand and reduce lease-up risk for comparable multifamily assets, based on CRE market data from WDSuite. Median contract rents are high relative to national norms and have grown meaningfully over the past five years, reinforcing revenue potential when paired with focused asset management.
Within a 3-mile radius, households have increased even as average household size edges down, and WDSuite s projections point to further household growth over the next five years. This creates a larger tenant base and supports occupancy stability, particularly for well-managed buildings positioned for value-add or light renovations.
Home values in the neighborhood are elevated (upper percentiles nationally), which tends to sustain renter demand and support pricing power for multifamily operators. Average school ratings are below national averages, which is a consideration for unit mix and marketing, but strong amenity access for essentials and commuting can offset some of that risk for adult and professional renter cohorts.
Built in 1985, the asset is newer than the neighborhood s average vintage (1970s). That positioning can offer relative competitiveness versus older stock while still leaving room for targeted modernization of interiors and building systems to unlock rent premiums and reduce future capital surprises.
Safety signals are mixed when viewed locally versus nationally. The neighborhood s crime rank of 248 out of 1,441 in the Los Angeles metro indicates crime levels that are elevated relative to many nearby neighborhoods, while national comparisons are stronger, with overall safety measures landing in the top quartile nationwide according to WDSuite.
Trend-wise, both violent and property offense estimates have declined sharply year over year in the neighborhood s data, which, if sustained, would be supportive of renter retention and leasing. As always, investors should underwrite to submarket-level trends rather than block-by-block assumptions.
Nearby corporate offices anchor a diverse employment base that supports renter demand and commute convenience, including Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications 3 d telecom (2.8 miles)
- Radio Disney 3 d media (2.8 miles)
- Disney 3 d entertainment (3.5 miles) 3 d HQ
- Live Nation Entertainment 3 d entertainment (5.5 miles)
- Avery Dennison 3 d materials & packaging (7.3 miles) 3 d HQ
5711 Camellia Ave brings a 1985 vintage and 20 units averaging roughly 727 square feet, aligning well with North Hollywood s renter profile while leaving room for value-add upgrades. Neighborhood fundamentals are supportive: high renter concentration, solid occupancy, and elevated home values that reinforce reliance on multifamily housing. According to commercial real estate analysis from WDSuite, the area s rent levels sit well above national norms with meaningful five-year growth, suggesting revenue upside for refreshed units.
Forward-looking demand signals are constructive. Within a 3-mile radius, WDSuite projects an increase in households alongside smaller household sizes, expanding the tenant base and supporting occupancy stability. While school quality is a watch item and parks are limited, proximity to major employers and daily-needs retail helps with retention and leasing cadence.
- 1985 construction offers relative competitiveness vs. older stock with room for targeted modernization.
- Deep renter-occupied base and above-average neighborhood occupancy support leasing stability.
- Elevated home values sustain renter demand and pricing power for updated units.
- Household growth within 3 miles points to a larger tenant base and supports steady absorption.
- Key risks: below-average school ratings and limited park access; underwrite marketing and amenity strategy accordingly.