| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 38th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6300 Lankershim Blvd, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1979 |
| Units | 83 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6300 Lankershim Blvd North Hollywood Multifamily Investment
This 83-unit property benefits from strong rental demand in an urban core neighborhood with 67.6% renter occupancy and occupancy rates above regional medians, according to CRE market data from WDSuite.
Located in North Hollywood's urban core, this neighborhood ranks in the top quartile nationally for amenity access with high-density retail and service options including 2.66 cafes, grocery stores, and pharmacies per square mile. The area maintains a 94.0% occupancy rate with 67.6% of housing units renter-occupied, indicating strong rental market fundamentals and tenant retention. Demographic data aggregated within a 3-mile radius shows 243,316 residents with median household income of $79,468 and projected growth to 250,522 residents by 2028.
The property was constructed in 1979, making it older than the neighborhood average construction year of 1964, presenting potential value-add opportunities through strategic renovations and unit improvements. Contract rents in the neighborhood average $1,588 with 33.6% five-year growth, while the broader 3-mile area shows median rents of $1,688 with 34.4% growth over the same period. Home values averaging $805,674 with 47.8% five-year appreciation help sustain rental demand as elevated ownership costs keep households in the rental market.
The neighborhood receives a B+ rating and ranks 495th among 1,441 Los Angeles metro neighborhoods, placing it above the metro median for overall desirability. School ratings average 2.0 out of 5, which is below metro standards, though the area's urban amenities and transit accessibility support workforce housing demand. Forward-looking demographics project household income growth to $112,426 median by 2028, supporting rent growth potential and tenant quality improvements.
The neighborhood demonstrates improving safety trends with property crime rates declining 85.8% year-over-year and violent crime down 90.6%, ranking in the 99th percentile nationally for crime reduction. Current property offense rates of 113.4 per 100,000 residents place the area at 278th among 1,441 Los Angeles metro neighborhoods, indicating moderate crime levels relative to the broader region.
Violent crime rates of 25.7 per 100,000 residents rank the neighborhood 561st among metro areas, positioning it near the regional median. The significant year-over-year crime reductions suggest improving conditions that may support tenant retention and property values, though investors should continue monitoring local safety trends and consider security enhancements as part of property management strategy.
The property benefits from proximity to major entertainment and media employers, with Charter Communications and Disney operations providing workforce housing demand within a 4-mile radius.
- Charter Communications — telecommunications (2.6 miles)
- Radio Disney — media and entertainment (3.4 miles)
- Disney — entertainment and media (4.0 miles) — HQ
- Live Nation Entertainment — entertainment services (6.3 miles)
- Avery Dennison — materials and packaging (7.7 miles) — HQ
This 83-unit North Hollywood property offers stable cash flow fundamentals with neighborhood occupancy rates of 94.0% and strong rental demand supported by 67.6% renter-occupied housing units. The 1979 construction year positions the asset for value-add opportunities through unit renovations and building improvements, while the urban core location provides tenant appeal through high amenity density and proximity to major employers including Disney and Charter Communications.
Demographic projections show population growth from 243,316 to 250,522 residents within a 3-mile radius by 2028, with household income growth from $79,468 to $112,426 median supporting rent growth potential. Home values averaging $805,674 help sustain rental demand as ownership costs keep households in the multifamily market, while recent crime reductions of 85.8% for property offenses enhance the investment environment.
- Strong occupancy fundamentals with 94.0% neighborhood rates and high renter density
- Value-add potential from 1979 vintage allowing strategic renovations and improvements
- Growing demographics with 3% population increase and 41.5% income growth projected through 2028
- Elevated ownership costs at $805,674 median home values sustain rental market demand
- Risk consideration: Below-average school ratings may limit family tenant appeal and require competitive amenities