| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 49th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6115 Whitsett Ave, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1976 |
| Units | 32 |
| Transaction Date | 2015-07-10 |
| Transaction Price | $5,750,000 |
| Buyer | COELER PETER |
| Seller | MANDEL CYDNEY |
6115 Whitsett Ave, North Hollywood Multifamily Investment
Neighborhood occupancy trends remain solid with a deep renter base, supporting steady leasing and retention according to WDSuite’s CRE market data. In a high-cost ownership pocket of Los Angeles, renter demand is reinforced by local employment access and convenience amenities.
This Urban Core pocket of North Hollywood rates B+ and is competitive among Los Angeles-Long Beach-Glendale neighborhoods (385 of 1,441), indicating balanced fundamentals for workforce and professional renter demand. Amenity density is a clear strength: cafes and restaurants are in the top national percentiles, and grocery and pharmacy access also score well, supporting day-to-day convenience for residents.
Neighborhood occupancy is above the national median and has trended upward over the past five years, while roughly two-thirds of housing units are renter-occupied—signaling a large tenant base and support for leasing stability. Median home values are elevated relative to national benchmarks, which tends to sustain reliance on multifamily rentals and can aid pricing power where units are well-positioned.
Within a 3-mile radius, demographics show a modest population dip recently alongside a slight increase in households, implying smaller household sizes and a stable-to-growing renter pool. Forward-looking data point to household and income growth with rents projected to rise over the next five years—factors that generally support occupancy and revenue durability when managed with attention to affordability. These dynamics are based on commercial real estate analysis from WDSuite.
The asset’s 1976 vintage is slightly newer than the neighborhood’s average construction year (late 1960s). Investors should plan for ongoing system upgrades and selective renovations; in turn, modernizations can position the property more competitively against older stock while capturing value-add upside where finishes and amenities are refreshed.
Considerations: average school ratings in the area trend below national medians, and park acreage is limited within the immediate neighborhood. These factors may influence unit mix strategy and amenity programming to bolster resident appeal.
Safety indicators compare favorably to national norms on composite measures, and both violent and property offense rates have shown notable year-over-year declines, according to WDSuite. As with most urban Los Angeles neighborhoods, conditions can vary by block and over time, so operators typically emphasize lighting, access control, and resident engagement to support retention and reputation.
Framing this comparatively: national percentiles for offense rates sit above the midline, and recent one-year trends indicate substantial improvement. For investors, the key takeaway is directional momentum alongside standard urban management considerations rather than a categorical risk or guarantee.
Proximity to major media, telecom, entertainment, and engineering employers supports a broad renter pipeline and commute convenience. The following nearby firms anchor local employment and can underpin leasing stability:
- Charter Communications — telecom/media (3.7 miles)
- Radio Disney — media (4.2 miles)
- Disney — entertainment (4.9 miles) — HQ
- Live Nation Entertainment — live events & entertainment (6.6 miles)
- AECOM — engineering & infrastructure (8.5 miles) — HQ
6115 Whitsett Ave offers a 32-unit, 1976-vintage footprint in a competitive North Hollywood pocket where amenity access, a high-cost ownership landscape, and a deep renter base support demand. Neighborhood occupancy is above the national median with positive five-year momentum, and renter concentration around two-thirds of units indicates depth in the tenant pool. Elevated home values suggest continued renter reliance on multifamily, which can aid rent resilience for well-operated assets.
Within a 3-mile radius, households have edged higher even as population softened, pointing to smaller households and a steady renter pool; forward projections indicate growth in households and incomes with rents expected to trend upward. According to CRE market data from WDSuite, these dynamics, combined with proximity to major employers, support a case for durable occupancy and targeted value-add. Given the 1976 vintage, prudent capital planning for building systems and finish upgrades can enhance competitiveness relative to older stock.
- Occupancy above national medians with upward five-year trend supports leasing stability
- Deep renter-occupied housing base and high-cost ownership market reinforce demand
- Amenity-rich Urban Core location near major employers aids retention and rent growth potential
- 1976 vintage presents value-add via systems upgrades and interior modernization
- Risks: resident affordability pressure and below-average school ratings call for careful rent management and amenity strategy