| 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 | 1985 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6835 Laurel Canyon Blvd North Hollywood Multifamily Investment
Neighborhood metrics point to steady renter demand and high occupancy, supporting leasing durability for a 50‑unit asset in this Los Angeles submarket, according to WDSuite’s CRE market data. These indicators reflect the surrounding neighborhood rather than the specific property.
The property sits in North Hollywood’s Urban Core within the Los Angeles-Long Beach-Glendale metro, where neighborhood occupancy trends are top quartile nationally and competitive among 1,441 metro neighborhoods. This backdrop supports near-term leasing stability and reduces exposure to extended vacancy between turns.
Renter concentration in the neighborhood is high, indicating a deep tenant base for multifamily. Elevated home values (top decile nationally) signal a high-cost ownership market, which tends to reinforce renter reliance on apartments and can aid pricing power when renewals are managed carefully. At the same time, a rent-to-income profile that is tighter than national norms suggests monitoring affordability pressure and renewal strategies to sustain retention.
Daily-needs access is a strength: grocery availability ranks among the best nationally and restaurants are also in a high national percentile, while parks and childcare density are above average. Cafe density and pharmacy access are relatively thin, and average school ratings trail national benchmarks—considerations for family-oriented renters that may influence unit mix positioning and marketing.
Demographic statistics aggregated within a 3‑mile radius show households have edged higher even as population was flat to slightly down, pointing to smaller household sizes and a steady renter pool. Forecasts through 2028 indicate growth in both households and incomes, which supports absorption and occupancy stability for well-managed assets.
The building’s 1985 vintage is newer than the neighborhood’s average stock from the 1970s, which can help competitiveness versus older product. Investors should still plan for system modernization and targeted renovations to capture value-add upside.
Safety indicators for the neighborhood compare favorably overall, with crime conditions placing it above many U.S. neighborhoods and competitive among Los Angeles-Long Beach-Glendale peers (1,441 neighborhoods). Recent year-over-year improvements in both violent and property offense estimates further support stable operations and resident retention without making block-level claims.
While no submarket is without risk, the combination of stronger-than-average national percentiles and improved trend readings suggests a supportive environment for multifamily operations relative to broader metro variability.
Proximity to major corporate offices in media, telecom, entertainment, and manufacturing underpins a large commuter workforce and supports renter demand and lease retention for workforce and mid-market units.
- Charter Communications — telecom (3.0 miles)
- Radio Disney — media (4.29 miles)
- Disney — entertainment (4.88 miles) — HQ
- Live Nation Entertainment — music & live events (7.14 miles)
- Avery Dennison — materials & labeling (8.45 miles) — HQ
6835 Laurel Canyon Blvd offers scale at 50 units in a neighborhood with high occupancy and a deep renter base, supporting income stability. Based on CRE market data from WDSuite, the surrounding area ranks competitively within the Los Angeles-Long Beach-Glendale metro and in the top quartile nationally for occupancy, while elevated for-sale housing costs reinforce reliance on multifamily. The 1985 vintage is newer than much of the local stock, positioning the asset well against older comparables, with room for targeted upgrades to enhance rents and retention.
Within a 3‑mile radius, households are increasing and are projected to grow further through 2028, broadening the tenant base. Amenity access is strong for daily needs (notably grocery and restaurants), providing location fundamentals that support leasing velocity, though below-average school ratings and tighter rent-to-income dynamics warrant attentive lease management and renewal strategies.
- High neighborhood occupancy and deep renter-occupied housing share support leasing stability
- 1985 vintage competes well versus older 1970s-era stock; targeted upgrades can unlock value
- Elevated ownership costs sustain multifamily demand and pricing power with prudent renewal tactics
- Strong daily-needs access (grocery/restaurant density) supports resident convenience and retention
- Risks: tighter rent-to-income conditions and below-average school ratings require active lease management