| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 49th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6401 Riverton Ave, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1986 |
| Units | 20 |
| Transaction Date | 2003-04-25 |
| Transaction Price | $2,275,000 |
| Buyer | COELER PETER |
| Seller | RODRIGUEZ MARK |
6401 Riverton Ave North Hollywood Multifamily Investment
Renter demand is reinforced by a high-cost ownership market and a renter-occupied housing base in the surrounding neighborhood, according to WDSuite’s CRE market data. Neighborhood occupancy has held near the national average, supporting stable lease-up potential for a 20-unit asset.
Positioned in North Hollywood’s Urban Core, the property benefits from strong day-to-day convenience: neighborhood measures for grocery, pharmacy, and café density sit in the upper national percentiles, indicating walkable access to essentials and services. Public parks are limited in the immediate area, so on-site or nearby private amenities can be a differentiator for retention.
Neighborhood renter concentration is high (share of units that are renter-occupied), signaling a deep tenant base for multifamily. Neighborhood occupancy is moderately above national norms, which can help underpin revenue stability; note these statistics represent the neighborhood, not the property. Elevated home values locally point to a high-cost ownership market that tends to sustain reliance on rentals and can support pricing power when paired with good operations.
Within a 3-mile radius, households have grown in recent years and are projected to increase further by 2028, with smaller average household sizes over time. This dynamic typically broadens the renter pool and supports steady absorption, a relevant factor for commercial real estate analysis focused on lease continuity and renewal rates.
The building’s 1986 vintage is newer than the neighborhood’s average housing stock. That relative youth can offer a competitive edge versus older comparables, while still warranting capital planning for aging systems and targeted modernization to meet current renter preferences.
Neighborhood safety indicators benchmark favorably in national comparisons. Overall crime sits in a high national safety percentile, and violent offense measures are also in the top quartile nationally, suggesting comparatively safer conditions than many neighborhoods across the country.
Recent trends show pronounced year-over-year declines in both property and violent offense estimates, according to WDSuite’s data. While conditions can vary block to block and over time, the broader neighborhood trend supports a constructive view for long-term operations and resident retention.
Proximity to major media and corporate offices supports a steady renter pipeline seeking commute convenience. The employers below represent nearby demand drivers tied to telecommunications, entertainment, and corporate services.
- Charter Communications — telecommunications (1.5 miles)
- Radio Disney — media (2.7 miles)
- Disney — entertainment (3.1 miles) — HQ
- Live Nation Entertainment — entertainment (6.1 miles)
- Avery Dennison — packaging & materials (6.6 miles) — HQ
6401 Riverton Ave offers exposure to an amenity-rich pocket of North Hollywood where elevated ownership costs and a high share of renter-occupied housing units support multifamily demand. Neighborhood occupancy trends sit modestly above national norms, and nearby corporate anchors help stabilize the tenant base. Based on CRE market data from WDSuite, the surrounding area’s safety indicators compare well nationally, aligning with resident retention goals.
Constructed in 1986, the asset is newer than much of the local housing stock, suggesting relative competitiveness versus older properties while still warranting targeted capex for building systems and finishes. Within a 3-mile radius, household counts have been rising and are projected to expand further by 2028, pointing to ongoing renter pool expansion that can support occupancy stability over a longer hold.
- High renter-occupied share and elevated ownership costs reinforce depth of demand and potential pricing power.
- Neighborhood occupancy near to above national norms supports stable lease-up and renewals.
- 1986 vintage offers competitive positioning versus older stock with focused value-add opportunities.
- Nearby employers in media and telecom provide a consistent renter pipeline and commute convenience.
- Risks: limited public park access and cyclical exposure to entertainment-oriented employment; proactive amenity programming and leasing management can help mitigate.