| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 38th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6239 Beck Ave, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1975 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6239 Beck Ave North Hollywood Multifamily Investment
Positioned in an Urban Core pocket of North Hollywood with strong renter concentration and steady neighborhood occupancy, this asset benefits from durable demand and proximity to major employers, according to WDSuite s CRE market data. The area s high-cost ownership landscape supports leasing stability and pricing discipline for well-managed properties.
The property sits in a B+ rated Urban Core neighborhood that ranks 495 among 1,441 Los Angeles metro neighborhoods competitive at the submarket level and above the metro median. Amenity access is a local strength: cafes, restaurants, pharmacies, childcare, and grocery options score in the top quartile nationally, supporting resident convenience and helping retention for multifamily operators.
Neighborhood occupancy is healthy and above the national midpoint, and renter-occupied housing represents a high share of units (near the top decile nationally). For investors, that renter concentration indicates a deep tenant base and consistent leasing velocity, which can help underpin occupancy stability across cycles.
Home values in this area are elevated relative to income (top percentile nationally for value-to-income ratio), reflecting a high-cost ownership market that tends to sustain rental demand and support lease retention. At the same time, rent levels have risen over the last five years, so operators should monitor affordability pressure and calibrate renewals and unit mixes accordingly.
Construction stock in the neighborhood skews older (average vintage mid-1960s). Built in 1975, the subject property is somewhat newer than much of the surrounding inventory, which can enhance competitive positioning versus older product. However, systems and finishes may still warrant targeted capital planning or value-add upgrades to maintain standing against newer deliveries.
Within a 3-mile radius, demographics show a modest dip in population in recent years but a slight increase in households, with forecasts pointing to meaningful household growth alongside smaller average household sizes. This suggests a gradual expansion of the renter pool and supports ongoing multifamily demand. School ratings in the immediate neighborhood trend below average, and park access is limited, but extensive retail and service amenities help balance day-to-day livability for renters focused on access and commute convenience. These dynamics align with an investor thesis centered on workforce-oriented demand and operational discipline, based on commercial real estate analysis from WDSuite.
Relative to the region, the neighborhood s safety profile is favorable: it ranks within the safer cohort of Los Angeles Long Beach Glendale neighborhoods (competitive among 1,441) and sits in the top quartile nationally. This positioning supports renter appeal and can contribute to leasing stability without relying on block-level claims.
Recent trends are constructive: both violent and property offense rates show sharp year-over-year improvements, ranking among the strongest nationwide for pace of decline. While crime can vary by micro-location and cycle, the directional trend is a positive signal for long-term operations.
Proximity to media and corporate employers underpins steady renter demand and commute convenience for workforce tenants. Notable nearby nodes include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications corporate offices (2.5 miles)
- Radio Disney corporate offices (3.2 miles)
- Disney corporate offices (3.8 miles) HQ
- Avery Dennison corporate offices (7.5 miles) HQ
- Live Nation Entertainment corporate offices (7.6 miles) HQ
This 120-unit asset, built in 1975, is positioned in a renter-dense North Hollywood neighborhood with amenity-rich urban fundamentals and a high-cost ownership backdrop that supports sustained multifamily demand. The property is somewhat newer than the area s average vintage, offering a competitive edge versus older stock while still presenting opportunities for targeted renovations and systems upgrades.
Based on CRE market data from WDSuite, neighborhood occupancy sits above the national midpoint and the renter base is deep, reinforcing the case for durable leasing. Within a 3-mile radius, recent household growth and stronger income trends, alongside forecast household expansion, point to a gradually expanding renter pool. Operators should balance this demand with prudent lease management, given rising rents and pockets of affordability pressure.
- Renter-dense Urban Core location supports a broad tenant base and consistent absorption.
- 1975 vintage is newer than much local stock, with value-add and modernization upside.
- Amenity-rich area and proximity to major employers bolster retention and occupancy stability.
- Risks: affordability pressure, below-average school ratings, and limited park access call for careful lease and capex strategy.