| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 70th | Good |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5715 Elmer Ave, North Hollywood, CA, 91601, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1984 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5715 Elmer Ave North Hollywood Multifamily Investment
Strong renter concentration and a high-cost ownership market suggest durable tenant demand, according to WDSuite’s CRE market data. Neighborhood amenities and commute access support lease-up and renewal potential for well-positioned assets.
Located in North Hollywood’s Urban Core, the neighborhood ranks 296 of 1,441 in the Los Angeles metro (A-), placing it in the top quartile among metro neighborhoods. Amenity density is a clear strength, with grocery access in the top national percentiles and competitive dining and cafe options that support daily convenience and renter appeal.
Renter-occupied units account for a large share of local housing (73.8%), indicating a deep tenant base for multifamily. While neighborhood occupancy sits below the national median, the area’s amenity access and workforce connectivity support leasing velocity and retention for professionally managed properties.
Within a 3-mile radius, households have edged higher even as average household size trends lower, implying more, smaller households and a broader renter pool. Forecasts point to population and household growth over the next five years, expanding the local tenant base and helping support occupancy stability.
Home values are elevated relative to national norms, a high-cost ownership backdrop that typically sustains rental demand and can support pricing power for competitive product. Average school ratings track above national averages, adding to livability for residents weighing longer stays.
The property’s 1984 vintage is newer than the area’s average stock (1971), which supports competitive positioning versus older buildings; investors should still plan for modernization of aging systems and selective upgrades to align with current renter preferences.
Safety trends compare favorably in context. The neighborhood is competitive among Los Angeles neighborhoods (ranked 489 of 1,441), and WDSuite’s nationwide benchmarks place it above the national average for safety. Recent WDSuite indicators show notable year-over-year decreases in both property and violent offense rates, a constructive signal for resident retention and leasing confidence.
As with most urban core locations, conditions vary by block and over time. Investors should underwrite to current, property-level security measures and continue monitoring citywide trends alongside WDSuite’s CRE market data for ongoing risk assessment.
Proximity to major entertainment and corporate offices underpins renter demand, with commute-friendly access to Radio Disney, Charter Communications, Disney, Live Nation Entertainment, and Avery Dennison.
- Radio Disney — media (2.5 miles)
- Charter Communications — telecommunications (2.5 miles)
- Disney — entertainment studios (3.2 miles) — HQ
- Live Nation Entertainment — entertainment (5.4 miles)
- Avery Dennison — packaging & labeling (7.0 miles) — HQ
This 20-unit asset with average unit sizes near 820 sq. ft. is positioned in a top-quartile Los Angeles metro neighborhood with strong amenity access and a deep renter base. According to CRE market data from WDSuite, neighborhood operating fundamentals are supported by high-cost homeownership that sustains rental reliance, even as occupancy sits below the national median. The 1984 vintage is newer than much of the surrounding stock, offering relative competitiveness with upside from targeted modernization.
Within a 3-mile radius, forecasts call for population growth and a meaningful increase in households, suggesting renter pool expansion that can support occupancy stability and rentability for well-managed properties. Elevated ownership costs further reinforce multifamily demand, while amenity density and employer access aid retention.
- Top-quartile LA metro neighborhood with strong amenity access and daily convenience
- High renter-occupied share signals depth of tenant demand for multifamily
- 1984 vintage is newer than area average, with value-add potential via modernization
- 3-mile outlook points to population and household growth, expanding the renter pool
- Risks: neighborhood occupancy below national median and rent-to-income pressure require disciplined lease management