| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 49th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6660 Vineland Ave, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1985 |
| Units | 30 |
| Transaction Date | 2012-06-15 |
| Transaction Price | $3,350,033 |
| Buyer | VINELAND VIEW LLC |
| Seller | VALLEY ASSOCIATES LLC |
6660 Vineland Ave North Hollywood Multifamily Investment
Renter demand is supported by a high-cost ownership market and dense daily amenities in North Hollywood, according to CRE market data from WDSuite. Investors should view the neighborhood s stable occupancy profile as conducive to retention while pricing power remains tied to local income growth.
North Hollywood s Urban Core location offers strong day-to-day convenience for tenants. Grocery, pharmacy, and dining densities rank in the upper deciles nationally, indicating abundant amenity access that can aid leasing and renewal behavior. While park access is limited within the immediate neighborhood, the concentration of services supports resident convenience and reduces commute friction for daily needs.
The property s 1985 construction is newer than the neighborhood average vintage (1976). For investors, this typically means a relatively competitive position versus older stock, with ongoing capital planning focused on systems modernization and targeted unit/interior upgrades to support rentability and reduce downtime.
Neighborhood-level occupancy sits around the middle of national comparisons, suggesting steady but competitive leasing conditions. The share of housing units that are renter-occupied is high both in the neighborhood and within a 3-mile radius, which points to a deep tenant base and supports multifamily absorption. Median home values in the neighborhood are elevated versus national norms, reinforcing renter reliance on multifamily housing and helping sustain demand even as rent growth tracks local incomes.
Within a 3-mile radius, households have grown in recent years and are projected to expand further by 2028, while average household size trends lower. For multifamily investors, this combination typically implies a larger tenant base with more renters entering the market and demand for smaller household configurations, supporting occupancy stability. At the same time, neighborhood NOI per unit trails national benchmarks, so asset performance will hinge on expense control, selective value-add, and disciplined lease management.
Safety indicators compare favorably in national context. Violent offense metrics are in a high national percentile (safer relative to most neighborhoods nationwide), and property offense sits modestly above national averages. Recent one-year trend data show notable decreases in both categories, which, if sustained, would support renter confidence and leasing stability. Conditions can vary within short distances, so underwriting should consider sub-area patterns rather than block-level assumptions.
The employment base nearby skews toward media, telecom, and corporate services, supporting a diversified renter pool and commute convenience for workforce housing. Key nearby employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications telecom/cable (1.55 miles)
- Radio Disney media (3.14 miles)
- Disney entertainment (3.53 miles) HQ
- Live Nation Entertainment live entertainment (6.43 miles)
- Avery Dennison materials & labeling (6.93 miles) HQ
6660 Vineland Ave offers a North Hollywood infill position with amenity density that supports tenant retention and leasing velocity. The neighborhood shows a high concentration of renter-occupied housing units, and elevated home values relative to national norms reinforce reliance on rentals. According to CRE market data from WDSuite, neighborhood occupancy trends are steady on a national basis, suggesting manageable competition for a well-run asset.
Built in 1985, the asset is newer than the neighborhood s average vintage, providing a relative edge versus older stock while leaving room for targeted modernization and value-add to enhance income durability. Within a 3-mile radius, household counts are projected to expand and average household size is trending lower, implying a broader tenant base and continued demand for rental units. Risks to monitor include limited park access within the immediate neighborhood and income-per-unit levels that trail national benchmarks, which place a premium on expense discipline and focused upgrades.
- Infill North Hollywood location with abundant daily amenities supporting leasing and renewals
- High renter concentration and elevated ownership costs reinforce depth of tenant demand
- 1985 vintage offers competitive positioning with targeted value-add and systems updates
- Demographic backdrop (3-mile radius) indicates expanding households and a larger renter pool
- Risks: limited park access and below-average NOI per unit require disciplined operations