| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 49th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6128 Cahuenga Blvd, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1979 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6128 Cahuenga Blvd North Hollywood Multifamily Investment
Renter demand is supported by a high renter concentration and daily-needs amenities nearby, according to WDSuite’s CRE market data. Expect steady leasing fundamentals in an urban core pocket of North Hollywood with pricing set by a high-cost ownership market.
North Hollywood’s urban core location offers strong daily convenience: grocery, pharmacy, and cafe density all sit in the top quartile nationally, helping properties capture drive-by and walk-to demand for renters. While park access is limited, the concentration of everyday services supports resident retention and leasing velocity.
Within the Los Angeles-Long Beach-Glendale metro, this neighborhood is competitive for renter-occupied housing, with a renter concentration measured at the neighborhood level that is above metro medians and high in national comparison. That depth of renter-occupied units translates to a larger tenant base for multifamily, while neighborhood occupancy trends are mid-pack, suggesting stable but actively competitive leasing.
Home values in the area are elevated in national terms, which typically sustains reliance on multifamily for households weighing monthly costs. At the same time, local rent-to-income ratios indicate relatively lower affordability pressure versus many peer neighborhoods, a combination that can support lease retention while still allowing thoughtful revenue management.
Demographic statistics aggregated within a 3-mile radius show households expanding even as average household size edges lower, pointing to a gradually widening renter pool over the medium term. Based on commercial real estate analysis from WDSuite, that pattern generally supports occupancy stability and consistent tenant demand.
Safety indicators benchmark favorably in national context: overall measures align with roughly the top quartile nationwide, and recent trend data shows sharp year-over-year improvement in both property and violent offense estimates. This directional progress is constructive for perception and leasing, though investors should continue to underwrite neighborhood-level variability typical of large metros.
The immediate area draws strength from a concentrated media and communications employment base, which supports renter demand through short commutes and industry diversity. Nearby anchors include Charter Communications, Radio Disney, The Walt Disney Company, and Live Nation Entertainment.
- Charter Communications — telecommunications (1.55 miles)
- Radio Disney — media (2.29 miles)
- Disney — entertainment (2.70 miles) — HQ
- Live Nation Entertainment — live entertainment (5.65 miles)
- Avery Dennison — materials & labeling (6.25 miles) — HQ
This 40-unit asset sits in an amenity-rich pocket of North Hollywood where renter-occupied housing is high in national comparison, supporting a deep tenant base. Elevated ownership costs in the area reinforce demand for rentals, while neighborhood rent-to-income levels point to manageable affordability pressure and potential for disciplined revenue management.
According to CRE market data from WDSuite, neighborhood occupancy trends are steady in a competitive metro, and safety indicators have improved on a year-over-year basis. Demographics within a 3-mile radius show a growing household count and a gradual shift toward smaller household sizes, both of which typically expand the renter pool and support leasing stability.
- Amenity-dense urban core location supports resident convenience and retention.
- High neighborhood renter concentration indicates depth of demand for multifamily units.
- Elevated ownership costs sustain reliance on rentals, aiding pricing power.
- 3-mile demographics point to more households and a widening renter pool over time.
- Risks: limited park access and mid-pack occupancy require competitive positioning and active lease management.