| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 39th | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6827 Whitsett Ave, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1978 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6827 Whitsett Ave North Hollywood Multifamily
Neighborhood data point to durable renter demand and above-median occupancy at the area level, according to WDSuite’s CRE market data. For investors, the focus is steady lease-up potential driven by a high renter concentration in the surrounding North Hollywood neighborhood.
The surrounding North Hollywood neighborhood is rated B+ and ranks 455 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, placing it above the metro median by WDSuite benchmarks. Amenity access is a local strength: cafes and grocery options score in the high national percentiles, supporting day-to-day convenience and leasing appeal.
Renter concentration is elevated, with a high share of housing units renter-occupied (top quartile among 1,441 metro neighborhoods and 97th percentile nationally). For multifamily investors, this depth of renter households supports a larger tenant base and helps stabilize demand through cycles. Neighborhood occupancy is 96.1% and ranks 584 of 1,441, indicating above-median performance within the metro and solid baseline support for lease retention.
Vintage positioning matters: the property was built in 1978, compared with a neighborhood average construction year of 1966. Being newer than much of the local stock can improve competitive standing versus older assets, though investors should still plan for modernization of building systems and potential value‑add to align with current renter preferences.
Within a 3-mile radius, demographics show a slight population contraction in recent years alongside a modest rise in households and smaller average household sizes; WDSuite data also point to projected population and household growth over the next five years. This combination typically expands the renter pool and can support occupancy stability. Median home values sit in a high-cost ownership market (96th percentile nationally; value-to-income near the 99th percentile), which tends to reinforce reliance on rental housing and can support pricing power. At the same time, a higher rent-to-income ratio signals affordability pressure that may require attentive lease management.
Quality-of-life drivers are mixed: restaurants, groceries, pharmacies, and childcare density are strong by national comparison, while park access is limited (very low national percentile) and average school ratings trail national norms. For investors, this mix suggests strong everyday convenience that benefits leasing, with some demand sensitivity among family renters who prioritize schools and green space.
Neighborhood safety indicators compare favorably in national context, with overall crime measures in roughly the top quartile nationwide by WDSuite benchmarks. Compared with many Los Angeles-Long Beach-Glendale sub-areas, this positioning can aid resident retention and broaden the prospective renter base.
Recent trends show notable improvement, with both property and violent offense estimates down sharply year over year. While block-level conditions can vary and merit on-the-ground diligence, the broader trajectory supports an outlook of stable operating conditions for multifamily assets.
Proximity to media, entertainment, and corporate services employers underpins workforce housing demand and supports leasing stability. Nearby anchors include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Activision Blizzard Studios.
- Charter Communications — corporate offices (3.5 miles)
- Radio Disney — corporate offices (4.66 miles)
- Disney — corporate offices (5.3 miles) — HQ
- Live Nation Entertainment — corporate offices (7.36 miles)
- Activision Blizzard Studios — corporate offices (8.79 miles)
6827 Whitsett Ave offers exposure to a renter-heavy North Hollywood location with above-median occupancy and strong amenity density that supports day-to-day livability—factors that typically translate to resilient leasing and tenant retention. According to CRE market data from WDSuite, the neighborhood ranks above the metro median overall, with cafes, groceries, and restaurants in high national percentiles, reinforcing demand visibility for a 25‑unit asset.
Built in 1978, the property is newer than the neighborhood’s average vintage. This positions it competitively against older stock while leaving room for targeted capital plans—interior upgrades, system modernization, and curb appeal improvements—that can capture value-add upside and sustain rentability. The broader 3‑mile area shows a growing household count and smaller household sizes, pointing to a larger tenant base over time, while high ownership costs locally tend to sustain reliance on multifamily rentals. Key watch items include affordability pressure (rent-to-income) and limited park access, which may influence marketing and retention strategies.
- Renter-heavy neighborhood with above-median occupancy supports demand stability and lease retention.
- 1978 vintage is competitive versus older local stock, with clear value‑add and modernization pathways.
- Strong amenity density and proximity to major employers bolster leasing appeal and depth of the tenant base.
- High ownership costs reinforce rental demand, supporting pricing power for well-positioned units.
- Risks: affordability pressure and limited park access; active lease management and targeted capex can mitigate.