| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 49th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6736 Clybourn Ave, North Hollywood, CA, 91606, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1980 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6736 Clybourn Ave North Hollywood Multifamily Investment
Neighborhood renter demand is supported by a high renter-occupied share and a high-cost ownership market, pointing to stable leasing fundamentals; according to WDSuite’s CRE market data, occupancy trends in the area sit near national mid-levels with strong amenity access.
This Urban Core neighborhood in North Hollywood rates B+ and is competitive among Los Angeles-Long Beach-Glendale neighborhoods (475 of 1,441), a profile that typically supports consistent renter interest alongside ongoing repositioning opportunities. Dining, grocery, and pharmacy access score in the top decile nationally, reinforcing day-to-day convenience that can aid retention and leasing velocity.
Amenity density stands out: cafes and restaurants rank in the top quartile nationally, and grocery and pharmacy access are even stronger. Park access is limited within the immediate neighborhood, so on-site amenities and nearby private recreational options can help offset open-space gaps from an investor standpoint.
The area’s renter-occupied share is elevated relative to national peers, indicating a deep tenant base for multifamily. Neighborhood occupancy is around the national midpoint, which suggests steady lease-up with competitive positioning; operators who emphasize convenience and updated finishes can differentiate in this amenity-rich pocket.
The property’s 1980 vintage is slightly newer than the neighborhood’s average construction year (1976). That positioning can be competitive versus older stock, while prudent capital planning for modernization of systems and common areas may still unlock value-add upside in a market where renter preferences are shaped by abundant local amenities.
Demographic statistics aggregated within a 3-mile radius show household counts have been edging higher and are projected to rise further through 2028, even as average household size trends down. This points to a gradually expanding renter pool and supports occupancy stability. Income levels have been trending upward and are forecast to continue growing, which, combined with rising market rents, underscores the importance of asset quality and lease management.
Home values in the neighborhood are elevated relative to national benchmarks, and value-to-income ratios sit in higher national percentiles. In practice, this high-cost ownership landscape tends to reinforce reliance on multifamily housing, supporting demand depth and, for well-positioned assets, pricing power. Rent-to-income metrics are more moderate, suggesting a balance between attainable rents and revenue management discipline.
Safety indicators compare favorably at the national level, with violent offense rates placing in the top quartile nationally. Property offense metrics are closer to the national midpoint, but recent year-over-year trends indicate notable improvement across both categories, according to WDSuite’s CRE market data.
Within the Los Angeles-Long Beach-Glendale metro’s 1,441 neighborhoods, the area performs competitively on several safety dimensions and has seen momentum from declining estimated offense rates over the last year. For underwriting, this supports a case for resident retention and consistent leasing, while ongoing monitoring and standard security measures remain prudent.
Proximity to major media and corporate offices underpins steady renter demand and commute convenience, led by Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — telecom & media (1.17 miles)
- Radio Disney — media offices (3.04 miles)
- Disney — entertainment studios (3.34 miles) — HQ
- Live Nation Entertainment — live entertainment corporate offices (6.44 miles)
- Avery Dennison — materials & labeling (6.62 miles) — HQ
6736 Clybourn Ave sits in a B+ Urban Core location with top-tier amenity access, an elevated renter-occupied share, and a high-cost ownership landscape that supports multifamily demand depth. Neighborhood occupancy trends are near the national midpoint, and, according to CRE market data from WDSuite, the area benefits from improving safety indicators and strong access to jobs across media and corporate employers. The 1980 vintage is slightly newer than the neighborhood average, offering relative competitiveness versus older stock while leaving room for value-add through modernization.
Demographics within a 3-mile radius indicate rising household counts and income growth projections through 2028, pointing to a larger tenant base and support for rent levels. With limited park access locally, assets that emphasize on-site amenities and convenience can stand out, positioning for retention and steady leasing in a demand-supported North Hollywood pocket.
- Amenity-rich Urban Core setting supports leasing velocity and retention.
- Elevated renter-occupied share and high-cost ownership market deepen multifamily demand.
- 1980 vintage offers competitive positioning with value-add modernization potential.
- Household growth within 3 miles supports a larger tenant base and occupancy stability.
- Risk: Limited neighborhood park access and mid-level occupancy may require amenity investment and active revenue management.