| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 49th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6438 Vineland Ave, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1990 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6438 Vineland Ave North Hollywood Multifamily Investment
Neighborhood fundamentals point to steady renter demand and leasing resilience, according to WDSuite’s CRE market data. Elevated ownership costs in North Hollywood support sustained apartment absorption rather than rapid churn.
North Hollywood’s Urban Core setting offers investors a dense amenity base that supports day-to-day convenience for renters. Neighborhood amenities trend strong versus peers, with access to groceries, pharmacies, and cafes placing the area in the top quartile among 1,441 Los Angeles metro neighborhoods. This concentration of services typically underpins retention by reducing commute and errand friction.
The property’s 1990 vintage is newer than the neighborhood average construction year of 1976. For investors, this generally translates into relatively competitive positioning versus older stock, while still warranting capital planning for systems modernization or selective upgrades to meet current renter expectations.
Tenure patterns indicate depth in the renter pool: neighborhood data show a high share of renter-occupied units, reinforcing demand for multifamily housing. Within a 3-mile radius, households have grown in recent years and are projected to expand further by 2028, pointing to a larger tenant base and supporting occupancy stability. Median incomes in the 3-mile area have also trended upward, which can help sustain rent levels as operators balance pricing with retention.
Home values benchmark high relative to national markets, and value-to-income ratios are elevated. In investment terms, this is a high-cost ownership environment that tends to sustain reliance on rental housing, supporting leasing velocity and pricing power for well-maintained multifamily assets.
Amenity access is broad, though park access is limited in the immediate neighborhood. Operators can offset this by emphasizing on-site features or nearby private fitness and recreation options when positioning units.
Safety metrics compare favorably at the national level, with violent offense rates placing in the upper percentiles nationwide, signaling relatively strong outcomes compared to many urban neighborhoods. Property offense indicators are above the national average as well, contributing to a balanced risk profile rather than an outlier.
Trend direction is a notable positive: year-over-year declines in both violent and property offenses rank among the strongest improvements in the metro (violent offense change ranks near the very top out of 1,441 Los Angeles neighborhoods; property offense improvement is also within the stronger cohort). For investors, this trajectory can support renter sentiment and leasing stability, while ongoing monitoring remains prudent.
The area draws from a diversified employment base spanning telecommunications, media and entertainment, live events, and advanced materials, supporting workforce housing demand and commute convenience for renters. Employers in proximity include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — telecommunications (1.67 miles)
- Radio Disney — media & entertainment offices (2.90 miles)
- Disney — media & entertainment (3.34 miles) — HQ
- Live Nation Entertainment — live events & entertainment (6.15 miles)
- Avery Dennison — materials & packaging (6.84 miles) — HQ
Positioned in a high-cost ownership market with strong amenity access, 6438 Vineland Ave benefits from a renter-heavy neighborhood and a broad employment base. Based on CRE market data from WDSuite, neighborhood occupancy has been steady and the local renter concentration provides depth to the tenant pipeline. The 1990 construction year is newer than the area average, offering competitive standing versus older buildings while leaving room for programmatic upgrades to drive rentability and retention.
Within a 3-mile radius, households and incomes are projected to rise through 2028, implying a larger renter pool and the capacity to support rent levels when paired with prudent lease management. Elevated home values in the immediate area reinforce sustained rental demand, while improving safety trends add to operating confidence. Key watch items include limited park access and the need to calibrate capital plans for targeted modernization.
- Renter-heavy location and diversified nearby employers support demand depth and leasing stability.
- 1990 vintage is competitive versus older neighborhood stock, with value-add potential via selective upgrades.
- High-cost ownership landscape sustains reliance on rentals, aiding pricing power for well-run assets.
- 3-mile household and income growth outlook expands the renter pool and supports occupancy stability.
- Risks: limited nearby park space and ongoing need for capital planning to maintain competitive positioning.