| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 20th | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6733 Bakman Ave, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1982 |
| Units | 22 |
| Transaction Date | 2007-05-15 |
| Transaction Price | $1,890,000 |
| Buyer | ESHAGIAN JOSEPH |
| Seller | JERMO LLC |
6733 Bakman Ave North Hollywood Multifamily Investment
Neighborhood renter-occupied share near 71% and occupancy around the mid‑90s point to a deep tenant base and steady leasing conditions, according to WDSuite’s CRE market data.
Located in North Hollywood’s Urban Core, the property sits in a renter-heavy neighborhood where approximately 71% of housing units are renter-occupied, reinforcing demand depth for multifamily. Neighborhood occupancy is in the mid‑90% range, which supports income stability and manageable turnover for operators.
Amenity access is a relative strength: neighborhood amenity metrics are above the metro median among 1,441 Los Angeles neighborhoods, with cafes and restaurants placing in the top quartile nationally. Grocery access also performs well versus national peers. While park and pharmacy counts are limited in the immediate neighborhood, daily needs and food options remain competitive drivers for livability.
Home values in the neighborhood are elevated versus national norms, which typically sustains reliance on rental housing and can aid lease retention. Median contract rents trend above national levels but, with a rent‑to‑income ratio around 27%, investor focus may center on pricing power balanced against affordability pressure and renewal management.
Within a 3‑mile radius, recent population change has been essentially flat, but households have inched higher and are projected to expand further with smaller average household sizes — a setup that can enlarge the renter pool and support occupancy. The building’s 1982 vintage is newer than the neighborhood’s average 1961 stock, providing a competitive edge versus older comparables, while still leaving room for targeted system updates or modernization to lift rents and retention.
Safety signals are mixed and should be evaluated in context. Compared nationally, the neighborhood scores in a stronger safety cohort (roughly top quintile), indicating comparatively favorable conditions versus many U.S. neighborhoods. At the metro level, however, its crime rank places it in a more challenged group relative to Los Angeles peers among 1,441 neighborhoods.
Trend data shows notable year‑over‑year declines in both property and violent offense estimates, which, if sustained, can support renter sentiment and leasing stability. Investors should validate recent patterns block‑by‑block and consider property‑level measures (lighting, access control, and site activation) to align with resident expectations.
Proximity to entertainment, media, and corporate offices supports a robust commuter tenant base and can aid retention through convenient access to jobs. Nearby anchors include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — telecom (1.97 miles)
- Radio Disney — media (3.47 miles)
- Disney — entertainment (3.94 miles) — HQ
- Live Nation Entertainment — live entertainment (6.64 miles)
- Avery Dennison — packaging & materials (7.39 miles) — HQ
This 22‑unit, 1982 vintage asset in North Hollywood benefits from a renter‑concentrated neighborhood and occupancy levels in the mid‑90% range, supporting income durability. Elevated for-sale housing costs in the area tend to sustain multifamily reliance, while a rent‑to‑income profile near 27% suggests room for disciplined pricing with attention to renewal strategy. According to CRE market data from WDSuite, local amenities compare well nationally for food and daily needs, bolstering livability and leasing appeal.
Within a 3‑mile radius, households are expected to increase as average household size trends lower, expanding the renter pool and supporting future occupancy. The property’s newer‑than‑area vintage provides competitive positioning relative to older stock, with potential to capture value through targeted modernization and operational enhancements.
- Renter‑heavy neighborhood and mid‑90% occupancy support a deep tenant base and stable collections
- Elevated ownership costs reinforce multifamily demand and lease retention potential
- 1982 vintage is competitive versus older local stock, with value‑add upside via modernization
- Amenities and job proximity underpin leasing, as validated by WDSuite’s commercial real estate analysis
- Risks: limited nearby parks/pharmacies and mixed metro‑level safety ranking warrant asset‑level mitigation