| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 49th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6104 Cahuenga Blvd, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1980 |
| Units | 21 |
| Transaction Date | 2002-12-03 |
| Transaction Price | $1,150,000 |
| Buyer | AZULAY MICHELLE |
| Seller | RBIBO ISAAC JACQUES |
6104 Cahuenga Blvd North Hollywood Multifamily Investment
Positioned in an Urban Core pocket with strong renter demand and everyday amenities, this asset benefits from neighborhood occupancy that has held near the national middle while trending stable, according to WDSuite’s CRE market data and commercial real estate analysis.
North Hollywood’s Urban Core setting supports daily convenience and renter appeal. Amenity access benchmarks in the top quartile nationally, with particularly dense grocery and cafe options (both scoring in the high national percentiles), which helps leasing and day‑to‑day livability for residents.
Renter concentration is elevated: the neighborhood shows a high share of renter‑occupied housing units (well above most U.S. neighborhoods), indicating a deep tenant base and consistent multifamily demand. Neighborhood occupancy is around the national midpoint, which suggests generally steady leasing but rewards active management on renewals and pricing.
Within a 3‑mile radius, households have grown modestly in recent years and are projected to expand further, with forecasts pointing to more households and a larger renter pool by 2028. Median household incomes have risen and are projected to continue increasing, supporting rent levels and retention as new households enter the area.
Home values in the neighborhood are elevated relative to national benchmarks, a typical dynamic for Los Angeles. In practice, this high‑cost ownership market sustains reliance on rental housing and can bolster pricing power and lease retention for professionally managed multifamily assets.
The property’s 1980 vintage is slightly newer than the neighborhood’s average construction year, offering a competitive edge versus older stock while still warranting selective modernization and systems planning to enhance rentability and reduce long‑term capex surprises.
Safety indicators compare favorably at the national level, with violent‑offense benchmarks in the top quartile nationally and property‑offense levels closer to the national middle, based on WDSuite’s data. Year over year, both violent and property offense rates have improved materially, which, if sustained, can support renter retention and leasing stability.
As with any Urban Core location in the Los Angeles metro, conditions can vary by block and over time. Investors typically underwrite with standard precautions (lighting, access control, and resident engagement) and monitor neighborhood trends alongside metro peers rather than relying on isolated datapoints.
Proximity to major media and corporate employers supports a stable renter base, with strong draws from telecom, entertainment, live events, and materials sectors noted below.
- Charter Communications — telecom (1.6 miles)
- Radio Disney — media (2.3 miles)
- Disney — entertainment (2.7 miles) — HQ
- Live Nation Entertainment — live entertainment (5.6 miles)
- Avery Dennison — materials & packaging (6.2 miles) — HQ
6104 Cahuenga Blvd is a 21‑unit, 1980‑vintage multifamily in North Hollywood’s Urban Core. The neighborhood combines deep renter concentration with broad amenity access, while occupancy trends sit near national norms. Elevated local home values reinforce reliance on rental housing, and household growth within a 3‑mile radius points to a larger tenant base over the next several years. According to CRE market data from WDSuite, rent levels are supported by rising incomes, suggesting room for steady leasing performance with attentive management.
The 1980 vintage provides a slightly newer profile than the neighborhood average, offering competitive positioning against older stock and potential value‑add through targeted renovations and building‑systems upgrades. Investors should also underwrite to Urban Core dynamics—active leasing management and ongoing safety best practices—while leveraging proximity to major studio and corporate employers.
- Deep renter base and strong amenity access support demand and retention
- Elevated ownership costs in Los Angeles bolster multifamily reliance and pricing power
- 1980 vintage offers value‑add potential via targeted interior and systems upgrades
- Active leasing management advisable as neighborhood occupancy sits near national norms
- Standard Urban Core risk management (security and maintenance) should be incorporated into underwriting