| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 39th | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6630 Whitsett Ave, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1977 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6630 Whitsett Ave North Hollywood Multifamily Investment
Neighborhood occupancy around 96% and a renter-occupied share near 70% indicate durable tenant demand in North Hollywood, according to WDSuite’s CRE market data.
This Urban Core neighborhood carries a B+ rating and ranks 455 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, making it competitive within the metro. Daily needs access is a relative strength: amenities place in the top quartile locally, with cafes, groceries, and restaurants each in high national percentiles, supporting walk-to-convenience and resident retention.
Multifamily fundamentals are favorable. Neighborhood occupancy is 96.1% (top quartile nationally), and 69.5% of housing units are renter-occupied, pointing to a deep tenant base and generally stable leasing. Median contract rents sit in an above-average national percentile, reinforcing the need for disciplined lease management and renewal strategies.
The median home value in the neighborhood is elevated versus most U.S. areas and the value-to-income ratio is high, which tends to sustain reliance on rental housing and supports pricing power when operations are managed carefully. At the same time, a rent-to-income ratio near one-third suggests some affordability pressure; operators should emphasize renewal quality and expense control to protect occupancy.
Vintage context: the neighborhood’s average construction year is 1966, while this property was built in 1977. Being newer than a large portion of nearby stock can aid competitive positioning, but systems are still aging; investors should underwrite modernization and selective renovations to capture value-add upside.
Demographics aggregated within a 3-mile radius show a slight population dip in recent years alongside a modest increase in households and a trend toward smaller household sizes. Forecasts point to renewed population growth and a meaningful increase in households, which can expand the renter pool and support occupancy for well-managed, right-sized units.
School ratings in the area track below the national median, which may tilt demand toward singles and roommate households rather than school-driven moves. Park access is limited immediately nearby, so on-site amenities and private open-space features can be differentiators versus competing assets.
Safety benchmarks compare favorably in context: the neighborhood ranks 361 out of 1,441 within the Los Angeles metro for crime (competitive among metro peers) and sits around the 76th percentile for safety nationally. Recent data also indicate notable year-over-year declines in both property and violent offense rates, which, if sustained, can support leasing stability and renewal confidence.
As always, safety can vary by block and over time; investors should validate current conditions through on-the-ground diligence and recent comparables rather than relying solely on historical averages.
The employment base includes media and entertainment along with corporate services, supporting commuter convenience and a steady renter pipeline from nearby offices: Charter Communications, Radio Disney, Disney, and Live Nation appear most proximate in the area.
- Charter Communications — corporate offices (3.5 miles)
- Radio Disney — corporate offices (4.5 miles)
- Disney — corporate offices (5.2 miles) — HQ
- Live Nation Entertainment — corporate offices (7.1 miles)
- Live Nation Entertainment — corporate offices (8.1 miles) — HQ
6630 Whitsett Ave offers exposure to a renter-heavy North Hollywood locale where neighborhood occupancy is strong and amenities are plentiful. Elevated home values in the immediate neighborhood reinforce reliance on multifamily housing, while the property’s 1977 vintage is newer than the area’s average stock, suggesting competitive positioning with room for value-add through targeted systems upgrades and unit refreshes. According to CRE market data from WDSuite, the surrounding neighborhood posts above-average national percentiles for occupancy and housing fundamentals, supporting durable cash flow when operations are executed with discipline.
Within a 3-mile radius, households have trended upward and are projected to expand alongside smaller average household sizes, a combination that typically broadens the renter pool for efficiently sized units. Proximity to major media and corporate employers underpins leasing, while operators should plan for affordability-sensitive renewals and differentiate with on-site features given limited immediate park access and below-median school ratings.
- High neighborhood occupancy and deep renter concentration support lease-up and renewal stability
- 1977 vintage is newer than area average, with value-add potential via modernization
- Strong amenity access and proximity to major employers bolster demand
- 3-mile household growth and smaller household sizes expand the renter pool for efficient units
- Risks: affordability pressure, limited nearby parks, and below-median school ratings require careful asset positioning