| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 49th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6842 Fulton Ave, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1976 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6842 Fulton Ave North Hollywood Multifamily Investment
This 24-unit property benefits from North Hollywood's high rental occupancy and strong tenant retention dynamics. The neighborhood maintains a 95.1% occupancy rate with a 64.3% rental share, positioning investors to capitalize on consistent cash flow according to WDSuite's CRE market data.
North Hollywood ranks among the top quartile of Los Angeles metro neighborhoods for amenities, with exceptional access to cafes, restaurants, and childcare facilities that support tenant appeal and retention. The neighborhood's 95.1% occupancy rate reflects strong rental demand fundamentals, while the 64.3% rental share indicates a mature rental market with established tenant preferences.
Demographics within a 3-mile radius show a stable tenant base with 278,183 residents and modest household growth projected through 2028. The area's median household income of $73,071 supports rental affordability, while the high rental tenure share (64.2%) suggests limited homeownership competition. Contract rents averaging $1,611 have grown 33.7% over five years, demonstrating pricing power in this urban core location.
Built in 1976, this property is slightly newer than the neighborhood average construction year of 1969, potentially reducing near-term capital expenditure needs while maintaining competitive positioning. The neighborhood's median home value of $786,111 creates a significant ownership barrier that helps sustain rental demand, with the value-to-income ratio ranking in the 99th percentile nationally.
The area's urban core designation provides access to employment centers and transit connectivity that appeals to working professionals. However, investors should monitor the neighborhood's below-average school ratings and limited park access, which may impact family tenant segments and long-term demographic shifts.
North Hollywood demonstrates improving safety trends that support tenant confidence and retention. The neighborhood ranks in the 79th percentile nationally for overall crime metrics, positioning it above metro average among 1,441 Los Angeles area neighborhoods.
Property crime rates have declined significantly, dropping 84.3% year-over-year and ranking in the 98th percentile for improvement trends. Violent crime has similarly decreased 94.1% annually, placing the area in the 99th percentile for safety improvements. These positive trends can enhance tenant appeal and support stable occupancy rates, though investors should continue monitoring crime patterns as part of ongoing asset management.
The property benefits from proximity to major entertainment and media employers that provide stable employment for creative professionals and corporate staff, supporting consistent rental demand in this North Hollywood location.
- Charter Communications — telecommunications (4.5 miles)
- Radio Disney — media & entertainment (5.5 miles)
- Disney — media & entertainment (6.2 miles) — HQ
- Live Nation Entertainment — entertainment services (7.9 miles) — HQ
- Activision Blizzard Studios — gaming & technology (8.9 miles)
This North Hollywood property offers investors exposure to a stable rental market with strong occupancy fundamentals and established tenant demand. The neighborhood's 95.1% occupancy rate and 64.3% rental share demonstrate consistent cash flow potential, while the area's entertainment industry employment base provides a reliable tenant pool. The 1976 construction year positions the asset for value-add opportunities without immediate obsolescence concerns.
Demographic trends within a 3-mile radius support long-term rental demand, with household growth projected through 2028 and median incomes sufficient to support current rent levels. The high home value-to-income ratio creates a significant ownership barrier that sustains rental market participation, while improving crime trends enhance the neighborhood's appeal to quality tenants.
- Strong occupancy fundamentals with 95.1% neighborhood-level occupancy and established rental market dynamics
- Proximity to major entertainment employers including Disney and Live Nation Entertainment headquarters
- High ownership barriers with median home values creating sustained rental demand pressure
- Value-add potential from 1976 vintage without immediate capital expenditure pressures
- Risk factors include below-average school ratings and limited recreational amenities that may impact family tenant segments