| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 49th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6702 Vineland Ave, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1972 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6702 Vineland Ave North Hollywood Value-Add Multifamily
Renter demand is reinforced by a high neighborhood renter-occupied share and strong daily-needs access, according to WDSuite s CRE market data, supporting stable operations with targeted upgrades.
Located in North Hollywood s Urban Core, the surrounding neighborhood rates B+ and is competitive among Los Angeles-Long Beach-Glendale a0(CA) neighborhoods (ranked 475 out of 1,441). Daily conveniences are a clear strength: grocery and pharmacy access track in the top decile nationally, and cafes and restaurants are also well represented. These amenity fundamentals help leasing velocity and day-to-day livability for residents.
Neighborhood rents and occupancy signal a steady renter market. The neighborhood s occupancy is above the national midpoint, and renter concentration is elevated (near the top decile nationally), indicating depth in the tenant base and ongoing demand for multifamily units rather than owner-occupied alternatives. Median rent levels are higher than many U.S. neighborhoods but balanced by income trends that have risen meaningfully in recent years, which can support rent collections and retention.
Home values rank in the top decile nationally, and the value-to-income ratio sits among the highest percentiles. In investor terms, this high-cost ownership market tends to sustain reliance on rental housing, which can support occupancy stability and pricing power for well-operated assets.
Within a 3-mile radius, demographic statistics show households up over the last five years and projections calling for additional population and household growth through 2028. A gradually smaller average household size alongside rising household counts points to a larger tenant base and potential renter pool expansion, supportive of stabilized demand for well-maintained, well-located multifamily communities.
Asset positioning: The property s 1972 vintage is slightly older than the neighborhood average construction year. For investors, that typically means planning for selective capital improvements and value-add upgrades to enhance competitive positioning against newer product while leveraging the area s amenity strengths.
Safety indicators for the neighborhood compare favorably on several measures versus national norms. Violent-offense metrics register in the top quartile nationally (safer than most neighborhoods), while property-offense levels sit modestly above the national midpoint, according to CRE market data from WDSuite. Recent year-over-year trends point to notable improvements across both categories. As always, investors should evaluate property-level security practices and block-level conditions as part of due diligence.
Nearby employers span media, entertainment, and corporate services, offering a broad white-collar employment base that supports renter demand and commute convenience for residents. The list below highlights Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications d cable & telecom offices (1.5 miles)
- Radio Disney d media offices (3.2 miles)
- Disney d entertainment & studios (3.6 miles) d HQ
- Live Nation Entertainment d entertainment corporate offices (6.5 miles)
- Avery Dennison d materials & packaging (7.0 miles) d HQ
6702 Vineland Ave is a 1972-vintage, 42-unit multifamily property positioned in a high-amenity North Hollywood location. Neighborhood metrics indicate an above-median occupancy environment and a renter-occupied share near the top decile nationally, suggesting depth of tenant demand. Elevated home values in the area point to a high-cost ownership market, which tends to sustain reliance on multifamily housing and supports leasing stability. Based on CRE market data from WDSuite, household counts within a 3-mile radius have increased and are projected to rise further, expanding the renter pool over the next several years.
The 1972 vintage implies potential value-add upside through unit and building upgrades to improve relative positioning against newer stock. Strong access to daily needs and proximity to major employers across media and corporate services reinforce the address s leasing fundamentals, while rent-to-income levels that are not excessively stretched can aid retention and collections management. Key risks include normal capex planning for an older asset and monitoring any softening in neighborhood occupancy trends.
- High renter concentration and above-median neighborhood occupancy support demand depth
- 1972 vintage offers value-add potential via targeted renovations and systems upgrades
- Elevated home values reinforce reliance on rentals, aiding pricing power and retention
- 3-mile household growth outlook expands the renter pool and supports leasing
- Risks: aging asset capex needs and need to monitor any occupancy softening