| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 39th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6815 N Gentry Ave, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1985 |
| Units | 47 |
| Transaction Date | 1998-05-06 |
| Transaction Price | $1,305,000 |
| Buyer | GENTRY AVENUE LLC |
| Seller | DANIHELS LEO |
6815 N Gentry Ave, North Hollywood Multifamily
Neighborhood occupancy has remained firm and the area shows deep renter demand, according to WDSuite’s CRE market data. For investors, this submarket offers steady leasing fundamentals with room to optimize operations.
Situated in Los Angeles County’s North Hollywood urban core, the property benefits from a renter-driven neighborhood where an estimated 71.5% of housing units are renter-occupied. For multifamily owners, that elevated renter concentration points to a large tenant base and supports demand durability through cycles.
Leasing dynamics are a relative strength: neighborhood occupancy is strong and ranks in the top quartile nationally, signaling limited downtime risk in stabilized operations. At the property level, 1985 construction is newer than the neighborhood’s average vintage, suggesting competitive positioning versus older stock, while still warranting selective modernization for systems and interiors as part of a value-creation plan.
Daily needs are well-covered locally. Grocery access is a standout relative to national norms, and parks and restaurants also compare favorably. By contrast, cafes and pharmacies are thinner in the immediate area, which may slightly temper lifestyle appeal but typically has limited impact on workforce-oriented renter demand. Average school ratings trail the national median, a consideration for unit mix and marketing. These observations reflect neighborhood conditions rather than this specific property.
Within a 3-mile radius, households have edged higher even as population was flat to slightly lower, implying smaller household sizes and a gradual shift that can expand the renter pool. Forward-looking projections indicate increases in households and incomes, which, alongside ongoing rent growth, should underpin occupancy stability and measured pricing power for well-managed assets. These trends are based on commercial real estate analysis from WDSuite and speak to demand depth rather than guarantees.
Relative to the Los Angeles-Long Beach-Glendale metro’s 1,441 neighborhoods, this area scores above the metro median on safety indicators and is in the top half nationwide. Recent year readings show notable declines in both property and violent offenses, a constructive trend for long-term neighborhood stability.
Interpret these as neighborhood-level signals rather than block-specific conditions; investors should validate onsite. The directional trend, however, aligns with improving perceptions that can aid retention and widen the prospective renter base over time.
- Charter Communications — telecommunications (2.8 miles)
- Radio Disney — media (4.1 miles)
- Disney — entertainment (4.7 miles) — HQ
- Live Nation Entertainment — live entertainment (7.0 miles)
- Avery Dennison — materials & labeling (8.3 miles) — HQ
Nearby media and corporate offices anchor a diverse employment base that supports leasing stability and commute convenience for renters, including Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
This 47-unit, 1985-vintage asset in North Hollywood sits in a neighborhood with top-quartile national occupancy and a high share of renter-occupied units, supporting durable demand and low expected downtime for stabilized operations. Elevated ownership costs locally reinforce reliance on rental housing, which can aid retention and rate management for well-amenitized communities.
Within a 3-mile radius, households are projected to increase alongside income gains, expanding the tenant base and supporting rent levels over the medium term. According to WDSuite’s multifamily property research, the property’s newer-than-average vintage offers a competitive edge versus older stock, while targeted renovations and system upgrades can unlock additional value without overcapitalizing.
- Strong neighborhood occupancy supports leasing stability and minimizes downtime risk.
- Large renter-occupied share indicates deep tenant demand for multifamily units.
- 1985 construction is competitively newer than local averages, with selective value-add potential.
- High-cost ownership market reinforces rental demand and potential retention.
- Risks: affordability pressure (rent-to-income), uneven nearby amenities, and lower school ratings may require tailored leasing and asset management.