| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 39th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6835 Laurel Canyon Blvd, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1986 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6835 Laurel Canyon Blvd North Hollywood Multifamily Investment
Neighborhood occupancy is resilient and renter demand is deep, according to WDSuite’s CRE market data, supporting stable operations for a 1986 vintage, 50-unit asset in an Urban Core setting. Homeownership remains costly locally, which helps sustain the renter pool and leasing stability.
This Urban Core location carries a B neighborhood rating and shows durable renter demand. The area’s renter-occupied share sits well above national norms (high national percentile), indicating a sizable tenant base and support for lease-up and retention. Neighborhood occupancy trends are competitive among Los Angeles-Long Beach-Glendale neighborhoods and have strengthened over the past five years, a constructive backdrop for multifamily operations.
Everyday convenience is a relative strength: grocery access tests in the top percentiles nationally, and restaurant density is also high, while parks score above average. Cafe and pharmacy counts are thinner in the immediate area, which may modestly affect lifestyle convenience but does not typically impede workforce-oriented demand.
Within a 3-mile radius, demographics show a large resident base with households edging higher and smaller average household sizes expected over the next several years. This points to a gradual expansion of the renter pool and supports occupancy stability for professionally managed assets. Median home values rank in the upper percentiles nationally, and the value-to-income relationship is elevated, creating a high-cost ownership market that tends to reinforce reliance on rental housing and bolster pricing power for competitive properties.
Vintage matters for positioning: constructed in 1986, the property is newer than the neighborhood’s average 1970s-era stock. That relative youth can be a competitive advantage versus older buildings, though investors should still plan for targeted system updates and modernization to meet current renter preferences and sustain NOI momentum. Neighborhood-level NOI per unit trends index above national medians, underscoring income potential when operations align with local demand.
Safety indicators in the surrounding neighborhood have trended positively year over year, with both violent and property offense estimates declining, according to WDSuite’s CRE market data. Nationally, the area benchmarks above average on multiple safety measures (upper-half national percentiles), though conditions can vary by block and over time.
For investors, the takeaway is directional improvement and a profile that compares favorably to many U.S. neighborhoods, while still warranting standard operational measures such as lighting, access control, and coordination with local patrols to support resident retention and asset performance.
Proximity to major corporate offices underpins steady renter demand from media, entertainment, and professional services workers. The nearest anchors include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- 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 (8.30 miles) — HQ
- Avery Dennison — corporate offices (8.43 miles) — HQ
6835 Laurel Canyon Blvd is a 50-unit, 1986 vintage asset positioned in a high-renter, Urban Core neighborhood of North Hollywood. Occupancy in the surrounding area remains strong and has improved in recent years, and the renter-occupied share is well above national norms—favorable signals for depth of tenant demand and lease retention. Elevated home values relative to incomes indicate a high-cost ownership market that tends to sustain reliance on rental housing. According to CRE market data from WDSuite, neighborhood income performance and NOI per unit levels benchmark above national medians, supporting a case for stable income when operations align with local demand.
The 1986 construction date is newer than much of the local 1970s-era stock, which can enhance competitiveness versus older comparables while still leaving room for selective value-add and system upgrades. Within a 3-mile radius, households are expected to increase alongside smaller average household sizes, pointing to a gradually expanding renter pool that supports occupancy stability. Key risks to underwrite include rent-to-income around 0.32 (affordability pressure), school ratings that lag national averages, and lighter cafe/pharmacy presence in the immediate vicinity.
- Strong neighborhood occupancy and deep renter base support leasing stability
- High-cost ownership market reinforces multifamily demand and pricing power
- 1986 vintage newer than local average, with value-add and modernization potential
- Risks: elevated rent-to-income, below-average school ratings, and thinner cafe/pharmacy options