| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 49th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6730 Riverton Ave, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1978 |
| Units | 40 |
| Transaction Date | 1995-11-27 |
| Transaction Price | $875,000 |
| Buyer | COLONY FBP PARTNERS LP |
| Seller | JOGANI SHASHIKANT J |
6730 Riverton Ave North Hollywood Multifamily Investment
Renter demand in this North Hollywood neighborhood is durable, with a high share of renter-occupied housing and occupancy that has held near the national median, according to WDSuite’s CRE market data. Positioning targets stable cash flow supported by strong local amenities and a deep tenant base.
This Urban Core neighborhood scores B+ overall and is competitive among Los Angeles-Long Beach-Glendale’s 1,441 neighborhoods, aided by dense daily-needs access. Grocery and pharmacy density rank in the upper tier locally and sit in the top decile nationwide, while cafes and restaurants are also well represented. These fundamentals support leasing velocity and everyday convenience valued by renters.
Renter-occupied housing accounts for a large share of neighborhood units (58% renter concentration), indicating a deep tenant pool and steady multifamily demand. Neighborhood occupancy is 92.5% and tracks slightly above national norms, which supports income stability, though investors should plan for routine turnover management typical of urban Los Angeles submarkets.
Within a 3-mile radius, demographics point to a larger tenant base ahead: households have increased in recent years and are projected to grow further by 2028 alongside higher median incomes. Population is expected to rise and household sizes to edge lower, which generally expands the renter pool and supports occupancy stability for mid-size assets like this one. These trends are based on WDSuite’s commercial real estate analysis of local demand drivers.
Elevated home values versus national benchmarks signal a high-cost ownership market. That context often reinforces reliance on multifamily rentals, aiding retention and pricing power when combined with the area’s amenity access. Rent-to-income in the neighborhood reads as manageable for many renter cohorts, but operators should still monitor affordability pressure when setting renewals.
Safety indicators compare favorably on a national basis. The neighborhood sits in the upper tier nationally for overall safety, and recent data show notable year-over-year declines in both violent and property offense estimates. While conditions can vary by block and over time, these trends suggest a stable backdrop relative to many urban neighborhoods.
Within the Los Angeles metro’s 1,441 neighborhoods, this area compares well and lands in the safer cohorts nationally (top quartile by percentile). Investors should still apply standard property-level security practices and monitor local reporting as part of ongoing risk management.
Proximity to major media and corporate offices underpins workforce housing demand and commute convenience, with notable employers including Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — telecommunications (1.3 miles)
- Radio Disney — media (3.1 miles)
- Disney — media & entertainment (3.4 miles) — HQ
- Live Nation Entertainment — live entertainment (6.5 miles)
- Avery Dennison — materials & labeling (6.7 miles) — HQ
The asset benefits from a renter-heavy neighborhood, steady occupancy near national levels, and strong amenity coverage that supports daily-life convenience—factors that historically aid leasing and retention. High ownership costs relative to incomes in this part of Los Angeles bolster reliance on rentals, while neighborhood rent-to-income readings point to manageable affordability pressure under disciplined lease management, according to CRE market data from WDSuite.
Forward-looking 3-mile demographics indicate a growing renter pool as households expand and incomes rise into 2028, reinforcing demand for well-located, mid-size communities. Nearby employers across media and corporate services add commute advantages that can sustain occupancy and reduce downtime between turns.
- Renter-heavy neighborhood and occupancy near national norms support income stability
- Strong amenity access (groceries, pharmacies, cafes) underpins leasing velocity
- High-cost ownership market reinforces multifamily demand and potential pricing power
- 3-mile projections show household and income growth, expanding the tenant base
- Risks: limited park access locally and typical urban turnover; monitor affordability pressure and maintain security best practices