| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 38th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6253 Lankershim Blvd, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1978 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6253 Lankershim Blvd North Hollywood Multifamily Investment
Neighborhood renter demand is deep and sustained, with renter-occupied housing prevalent and occupancy measured for the neighborhood in the mid-90s, according to WDSuite’s CRE market data. For investors, that points to durable leasing fundamentals in a Los Angeles urban core location.
This Urban Core pocket of North Hollywood offers strong daily-life convenience that supports tenant retention. Neighborhood amenity access ranks well versus the metro, and national percentiles indicate abundant cafes, restaurants, groceries, and pharmacies. These local dynamics help reduce friction for renters and support steady leasing.
The neighborhood’s housing is predominantly renter-occupied (renter concentration is high), which signals a deep tenant base for multifamily operators. Neighborhood occupancy has recently been near 94%, supporting the case for income stability while still allowing selective value-add repositioning to compete for tenants.
Within a 3-mile radius, demographics show households have edged higher over the past five years even as average household size trended smaller, expanding the pool of potential renters. Forward-looking projections point to growth in both population and households, suggesting a larger tenant base and support for occupancy and absorption over the medium term.
Ownership costs in this part of Los Angeles are elevated relative to incomes, which typically sustains reliance on multifamily rentals and can reinforce pricing power when managed carefully. School quality scores in the area are below national averages, and park access is limited, so positioning the asset’s on-site features and walkable amenities becomes important to maintain competitiveness.
Relative to neighborhoods nationwide, safety indicators for this area sit above the national middle, with recent year-over-year declines in both violent and property offense rates. That improvement trend provides a constructive backdrop for renter demand and retention, while investors should still underwrite property-level security and lighting enhancements typical for urban Los Angeles assets.
Nearby media and corporate offices create a diversified employment base that supports renter demand and commute convenience, notably in communications and entertainment. The employers below reflect the primary drivers for local leasing and retention within a short radius.
- Charter Communications — communications (2.6 miles)
- Radio Disney — media (3.4 miles)
- Disney — media & entertainment (4.0 miles) — HQ
- Live Nation Entertainment — entertainment (7.6 miles) — HQ
- Avery Dennison — materials & packaging (7.7 miles) — HQ
6253 Lankershim Blvd is a 39-unit North Hollywood asset with average unit sizes near 770 square feet. Built in 1978, it is newer than the area’s typical vintage and presents practical value-add pathways—from system upgrades to interior refreshes—to sharpen competitiveness versus older stock while planning for targeted capex. Neighborhood data points to high renter concentration and occupancy measured for the neighborhood near the mid-90s, supporting income durability.
The 3-mile radius outlook shows households expanding and a projected increase in both population and incomes, indicating a larger tenant base that can support rent growth and leasing stability. In a high-cost ownership market, elevated home values tend to reinforce renter reliance on multifamily housing; however, rent-to-income levels suggest some affordability pressure, making disciplined lease management important. These dynamics are consistent with Los Angeles urban core trends and, based on CRE market data from WDSuite, align with above-average amenity access that underpins day-to-day livability.
- 1978 vintage offers value-add and modernization potential versus older neighborhood stock
- High neighborhood renter concentration and occupancy support income stability
- Amenity-rich Urban Core location with proximity to major employers supports retention
- Risks: lower school ratings, limited park access, and rent-to-income pressure call for prudent underwriting and asset management