| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 70th | Good |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5711 Fulcher Ave, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1974 |
| Units | 20 |
| Transaction Date | 2003-10-20 |
| Transaction Price | $350,000 |
| Buyer | HATAM ALI |
| Seller | HITTERS ALLEY LTD |
5711 Fulcher Ave North Hollywood Multifamily Investment
High renter concentration and a high-cost ownership market in North Hollywood support durable tenant demand, according to WDSuite’s CRE market data. With neighborhood rents trending above many national peers, lease management and positioning drive the margin story.
Located in an Urban Core pocket of North Hollywood, the neighborhood rates A- and ranks 296 among 1,441 Los Angeles-Long Beach-Glendale metro neighborhoods, indicating it is competitive among Los Angeles neighborhoods. Amenity access is a strength: grocery density ranks 80 of 1,441 (top quartile metro; 99th percentile nationally), with strong restaurant and café presence that supports day-to-day convenience for residents. Notably, parks and pharmacies are limited within the neighborhood boundary, which investors may weigh when assessing livability tradeoffs versus nearby subareas.
School options average 3.5 out of 5 (73rd percentile nationally), which can aid retention for family households relative to similar urban nodes. The neighborhood’s renter-occupied share of housing units is high at 73.8% (rank 140 of 1,441; 98th percentile nationally), pointing to a deep tenant base for multifamily. By contrast, neighborhood occupancy is below the metro median, suggesting that asset-level lease-up, unit mix, and finishes remain important differentiators.
Within a 3-mile radius, demographics show modest population contraction over the last five years with a slight increase in total households and smaller household sizes—conditions that typically expand the renter pool. Looking ahead to 2028, WDSuite’s data projects growth in households alongside higher median incomes, which can support rent levels and occupancy stability if operators calibrate unit finishes and pricing to local demand.
Home values in the neighborhood sit at elevated levels relative to income (99th percentile for value-to-income), reinforcing renter reliance on multifamily housing and supporting pricing power for well-positioned assets. At the same time, a rent-to-income ratio near one-third signals affordability pressure that operators should manage through thoughtful renewal strategies and amenity-value alignment.
Vintage context: the average neighborhood construction year is 1971, and the subject’s 1974 vintage is similar era stock. For investors, this typically points to value-add potential through targeted upgrades and ongoing capital planning for building systems to maintain competitiveness against newer supply.
Safety indicators compare favorably in a broader context: the neighborhood’s crime profile is around the 70th percentile nationally (safer than many U.S. neighborhoods) and competitive among Los Angeles neighborhoods (crime rank 489 of 1,441). Recent trend data from WDSuite shows sharp year-over-year improvements in both violent and property offense estimates, a constructive signal for investor perceptions and resident retention.
As with any urban core location, conditions can vary block to block. Investors typically underwrite with property-level security, lighting, and operations plans to sustain leasing momentum and support resident satisfaction over time.
Proximity to established media and corporate employers underpins workforce housing demand and commute convenience for renters, including Radio Disney, Charter Communications, Disney, Live Nation Entertainment, and Avery Dennison.
- Radio Disney — corporate offices (2.3 miles)
- Charter Communications — corporate offices (2.4 miles)
- Disney — corporate offices (3.0 miles) — HQ
- Live Nation Entertainment — corporate offices (5.3 miles)
- Avery Dennison — corporate offices (6.8 miles) — HQ
5711 Fulcher Ave is a 20-unit, 1974-vintage asset positioned in a high-renter North Hollywood neighborhood where elevated ownership costs sustain multifamily demand. According to CRE market data from WDSuite, the area shows strong amenity density and a deep renter base, while neighborhood occupancy trails the metro median—placing emphasis on in-unit improvements, leasing execution, and renewal management to capture demand.
The broader 3-mile area shows a larger household base and projections for additional household growth with rising incomes, which can support rent levels and occupancy over time. Neighborhood NOI per unit benchmarks rank among the stronger national cohorts, suggesting operators who target value-add scope and cost controls can compete effectively, while remaining mindful of affordability pressure and localized amenity gaps (such as limited parks) when programming upgrades.
- High renter concentration and high-cost ownership market support demand depth
- Amenity-rich location with strong grocery, restaurant, and café access
- 1974 vintage offers clear value-add and capital planning pathways
- Household and income growth within 3 miles supports rent durability
- Risks: below-metro neighborhood occupancy and affordability pressure require disciplined leasing and renewals