| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 39th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6819 Laurel Canyon Blvd, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1982 |
| Units | 20 |
| Transaction Date | 2025-04-08 |
| Transaction Price | $3,820,000 |
| Buyer | OLLIE 1 LLC |
| Seller | 6819 LAUREL CANYON LLC |
6819 Laurel Canyon Blvd: Stabilized North Hollywood Multifamily
Neighborhood occupancy remains high and renter demand is deep in this part of North Hollywood, according to WDSuite’s CRE market data, supporting steady leasing conditions at the property level. Metrics cited reflect neighborhood performance rather than this specific asset.
Situated in North Hollywood’s Urban Core, the neighborhood shows durable multifamily fundamentals with occupancy in the top quartile nationally and competitive among the 1,441 Los Angeles-Long Beach-Glendale neighborhoods. A high share of renter-occupied housing units indicates a sizable tenant base, which typically supports absorption and renewal rates during normal cycles.
Livability drivers skew toward daily needs: grocery access is strong (among the highest nationally), restaurants are plentiful, and parks coverage is above average. School ratings trend below national midpoints, which can matter for family-focused renters, but proximity to services and employment centers often offsets this for workforce and young professional demand segments.
Within a 3-mile radius, recent years show flat-to-slightly contracting population but a modest increase in households, pointing to smaller household sizes and a steady renter pool. Forecasts call for household growth and higher median incomes over the next five years, which can expand the renter base and support rent levels. Median home values sit high relative to national comparables, reinforcing reliance on multifamily housing and aiding lease retention where operations are well-managed.
The asset’s 1982 vintage is somewhat newer than the neighborhood average stock from the 1970s, offering relative competitiveness versus older buildings while leaving room for targeted modernization projects to enhance NOI.
Safety indicators are mixed in context. The neighborhood’s crime rank is 198 among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, indicating it performs below the metro median on this measure. However, national comparisons place the area in the upper tiers for overall safety, suggesting it fares better than many U.S. neighborhoods with similar urban density.
Recent trend data from WDSuite point to significant year-over-year declines in both violent and property offenses locally. While block-level conditions can vary, the broader trajectory is improving, and investors typically translate this into more predictable operations when combined with professional tenant screening and on-site management practices.
Proximity to media and corporate employers underpins renter demand for workforce and professional households. Nearby anchors include Charter Communications, Radio Disney, Disney, and Live Nation Entertainment, with additional headquarter nodes within a 10-mile commute.
- Charter Communications — corporate offices (3.0 miles)
- Radio Disney — corporate offices (4.26 miles)
- Disney — corporate offices (4.86 miles) — HQ
- Live Nation Entertainment — corporate offices (7.11 miles)
- Live Nation Entertainment — corporate offices (8.30 miles) — HQ
This 20-unit asset benefits from a renter-heavy North Hollywood location where neighborhood occupancy is competitive within the Los Angeles metro and in the top quartile nationally. Elevated home values in the area sustain reliance on rentals, while grocery, dining, and parks density support daily living — dynamics that can aid retention and stabilize cash flows. Built in 1982, the property is somewhat newer than much of the 1970s neighborhood stock, providing relative competitiveness with potential to unlock value through selective renovations and systems updates.
Within a 3-mile radius, households have inched higher and are projected to grow further, indicating a larger tenant base ahead; income projections also trend upward, supporting rent levels over time. According to CRE market data from WDSuite, neighborhood rent levels and occupancy compare favorably to broader benchmarks, though rent-to-income ratios imply affordability pressure that warrants attentive lease management.
- High neighborhood occupancy and deep renter concentration support leasing stability
- 1982 vintage offers competitive positioning versus older stock with value-add upside
- Strong daily-needs amenities and major employers nearby reinforce demand
- 3-mile forecasts indicate household growth and rising incomes, expanding the tenant base
- Risks: affordability pressure and mixed safety signals versus the metro median require proactive management