| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 39th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6859 Laurel Canyon Blvd, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1984 |
| Units | 20 |
| Transaction Date | 2011-12-20 |
| Transaction Price | $1,950,000 |
| Buyer | MERSOLA ANTHONY |
| Seller | MALHOTRA SHIVAJI |
6859 Laurel Canyon Blvd North Hollywood Multifamily Opportunity
Neighborhood occupancy has been strong and trending stable, according to WDSuite’s CRE market data, supporting consistent leasing for smaller assets in North Hollywood. The takeaway for investors is steady renter demand at the neighborhood level rather than property-specific performance.
Located in North Hollywood’s Urban Core, the property sits in a neighborhood rated B and ranked 658 of 1,441 in the Los Angeles metro, positioning it as competitive among Los Angeles neighborhoods. Grocery access is a relative strength (top national tier by density), and restaurants are plentiful, while cafes and pharmacies are thinner locally—suggesting daily-needs convenience with fewer boutique options.
Renter-occupied housing accounts for a high share of neighborhood units (71.5%), indicating a deep tenant base that typically supports demand stability for multifamily. Neighborhood occupancy is elevated (97.1%) and has improved over the last five years, which can underpin leasing durability in comparable assets. Median contract rents trend above national norms, while the rent-to-income ratio signals some affordability pressure; investors should manage renewals and pricing with retention in mind.
Within a 3-mile radius, demographics show a slight population dip over the prior period alongside a modest increase in households—consistent with smaller household sizes and continued need for rental options. Forward-looking projections point to population growth and a larger household count, which would expand the renter pool and help support occupancy stability if realized. Median and mean household incomes have risen meaningfully, reinforcing depth for market-rate product.
Elevated home values (top decile nationally by value metrics) and a high value-to-income ratio in the neighborhood context indicate a high-cost ownership market, which tends to reinforce reliance on multifamily rentals and can support pricing power and lease-up velocity for well-positioned assets. Average school ratings in the area are below the national median; investors serving family renters may prioritize unit features and services that offset school quality perceptions.
The asset’s 1984 vintage is newer than the neighborhood’s average construction year (1976). For investors, that generally implies relatively competitive positioning versus older local stock, while still warranting capital planning for aging systems and targeted renovations to meet current renter expectations.
Safety indicators for the neighborhood are comparatively favorable versus many areas: it ranks 198 out of 1,441 Los Angeles metro neighborhoods for crime, placing it well above the metro median and roughly in the top quartile nationally by safety. Recent data also shows substantial year-over-year reductions in both violent and property offense rates, a positive directional trend for long-term stability.
As always, safety conditions can vary within small areas and over time. Investors should verify current conditions through multiple sources and consider property-level measures that support resident comfort and retention.
The area draws from a broad employment base in media, entertainment, and corporate services, supporting renter demand through commute convenience and diversified job engines. Notable nearby employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and AECOM.
- Charter Communications — telecommunications (3.0 miles)
- Radio Disney — media (4.3 miles)
- Disney — media & entertainment (4.9 miles) — HQ
- Live Nation Entertainment — live entertainment (8.4 miles) — HQ
- AECOM — engineering & infrastructure (9.5 miles) — HQ
This 20-unit, 1984-vintage asset in North Hollywood benefits from a renter-heavy neighborhood with historically high occupancy and a deep tenant base. Elevated home values and a high-cost ownership landscape reinforce reliance on rentals, while access to major employment nodes supports steady leasing. According to CRE market data from WDSuite, neighborhood-level occupancy has remained strong relative to national benchmarks, suggesting durable demand for well-maintained units.
The vintage provides a competitive edge versus older nearby stock, with potential value-add upside through targeted interior and systems upgrades. Demographic trends within a 3-mile radius point to growth in households and income gains, which can expand the renter pool and support rent performance over time. Investors should balance this with prudent lease management given area affordability pressures and mixed school ratings.
- High neighborhood occupancy and deep renter base support leasing stability
- 1984 vintage offers competitive positioning with value-add renovation potential
- Proximity to major employers underpins demand and retention
- High-cost ownership environment favors multifamily demand and pricing power
- Risks: affordability pressure and below-median school ratings warrant careful lease and amenity strategy