| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 49th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6057 N Whitsett Ave, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1986 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6057 N Whitsett Ave North Hollywood Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand and above-average occupancy for the area, according to WDSuite’s CRE market data. The asset’s position in an amenity-rich Urban Core submarket supports leasing durability through cycles.
This Urban Core neighborhood in North Hollywood rates B+ (ranked 385 among 1,441 Los Angeles metro neighborhoods), indicating competitive fundamentals relative to many submarkets across the metro. Dense amenity access stands out: restaurants and cafes score in the mid- to high-90s nationally, with groceries and pharmacies also well represented. These concentrations typically aid leasing velocity and retention for workforce and lifestyle renters alike.
For multifamily operations, neighborhood occupancy trends are solid and sit in the upper tier nationally, supporting revenue stability across cycles. The share of housing units that are renter-occupied is high for the metro (around two-thirds), signaling a deep tenant base and consistent demand for professionally managed apartments. Based on commercial real estate analysis from WDSuite, this renter concentration generally supports pricing power for well-maintained assets.
Vintage context matters: the property was built in 1986, newer than the neighborhood’s average stock from the late 1960s. That positioning typically helps competitive standing versus older walk-up inventory, while still warranting selective modernization planning (common areas, building systems) to meet current renter expectations.
Within a 3-mile radius, household counts have ticked up recently and are projected to expand meaningfully over the next five years even as average household size trends lower. This pattern points to a larger renter pool and supports occupancy stability and lease-up visibility for mid-sized assets. Elevated home values in the neighborhood relative to national norms further reinforce reliance on multifamily housing, which can support retention and measured rent growth management.
Trade-offs to monitor: average school ratings lag national benchmarks, which may temper appeal for some family households. Even so, strong amenity density and renter orientation continue to anchor demand drivers for a broad swath of working-age renters.
Relative to Los Angeles metro peers, this neighborhood’s safety profile compares favorably, landing well ahead of higher-crime areas (rank 285 of 1,441). Nationally, it sits in a stronger safety tier (upper quartiles), which can aid leasing and retention for residents prioritizing personal security.
Recent trend signals are constructive: both property and violent offense rates show notable year-over-year declines in the neighborhood, according to WDSuite’s CRE data. While conditions can vary block to block and over time, the broader direction supports an improving backdrop for long-term operations.
Proximity to major media and corporate employers underpins renter demand and commute convenience, particularly for entertainment, technology, and headquarters staff noted below.
- Charter Communications — telecommunications offices (3.7 miles)
- Radio Disney — media offices (4.1 miles)
- Disney — media & entertainment (4.9 miles) — HQ
- Live Nation Entertainment — entertainment corporate offices (6.6 miles)
- AECOM — engineering & infrastructure (8.5 miles) — HQ
6057 N Whitsett Ave is a 34-unit, mid-1980s asset positioned in a renter-heavy North Hollywood neighborhood with solid occupancy and strong amenity access. The 1986 vintage is newer than the prevailing late-1960s neighborhood stock, offering a competitive edge versus older buildings while leaving room for targeted upgrades to common areas and systems. Elevated local home values versus national norms tend to reinforce multifamily reliance, supporting tenant retention and measured pricing power.
According to CRE market data from WDSuite, the neighborhood sits in an upper national tier for occupancy with a high share of renter-occupied housing units, indicating depth of demand. Within a 3-mile radius, household counts have been rising and are projected to expand further as household sizes trend smaller, enlarging the tenant base and supporting long-run leasing stability. Affordability pressure exists for some cohorts, so prudent lease management and renewal strategy remain important.
- Renter-oriented neighborhood with occupancy in a stronger national tier, supporting revenue durability.
- 1986 vintage competes well against older local stock with selective value-add potential.
- Dense amenity and employer access aids leasing velocity and retention.
- Growing household base within 3 miles expands the renter pool and supports occupancy.
- Risk: affordability pressures and softer school ratings may require targeted marketing and renewal strategies.