| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6859 Laurel Canyon Blvd North Hollywood Multifamily Investment
Neighborhood fundamentals point to resilient renter demand and stable occupancy, according to WDSuite’s CRE market data. Elevated ownership costs in Los Angeles support sustained leasing momentum in this Urban Core pocket of North Hollywood.
This North Hollywood Urban Core location benefits from a high concentration of renter-occupied housing at the neighborhood level, indicating depth in the tenant base and support for multifamily leasing. The neighborhood s occupancy performance ranks 402 out of 1,441 Los Angeles metro neighborhoods (above metro median), reinforcing expectations for steady rent rolls versus more supply-sensitive submarkets.
The property s 1984 vintage is newer than the neighborhood s average construction year (1976; rank 490 of 1,441), suggesting relative competitiveness versus older stock. Investors should still plan for system modernization typical of 1980s assets to sustain positioning against newer deliveries.
Local amenities are mixed: grocery access is strong (99th percentile nationally), while cafe and pharmacy densities are lighter within the immediate neighborhood. Parks and restaurants trend above national medians, providing day-to-day convenience that supports renter retention without relying on destination retail.
Within a 3-mile radius, households have edged higher over the last five years even as average household size ticked down, pointing to smaller household formations and a broader renter pool. Looking ahead to 2028, WDSuite s data indicates growth in both households and incomes with contract rents projected to rise, which supports occupancy stability and measured pricing power if operations remain disciplined.
Home values sit in a high-cost ownership market (national 93rd percentile) and the value-to-income ratio is among the highest nationally (98th percentile). For multifamily investors, this context tends to reinforce reliance on rentals and can aid lease retention, while the neighborhood s rent-to-income profile signals affordability pressure that warrants proactive lease management.
Safety trends are competitive among Los Angeles neighborhoods, with the area ranking 198 out of 1,441 metro neighborhoods and benchmarking in the 82nd percentile for safety nationally. Recent data also shows notable year-over-year improvements in both violent and property offense rates, indicating positive momentum rather than a one-time change.
Investors should evaluate property-level security and lighting plans as part of standard diligence, but current neighborhood trends suggest conditions that are above many urban peers in the region while moving in a favorable direction.
Proximity to major employers anchors demand from creative, media, and corporate services talent, supporting workforce housing dynamics and commute convenience. Notable nearby employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications telecom (2.99 miles)
- Radio Disney media (4.28 miles)
- Disney entertainment (4.87 miles) HQ
- Live Nation Entertainment entertainment (7.14 miles)
- Avery Dennison labeling & materials (8.44 miles) HQ
This 20-unit asset at 6859 Laurel Canyon Blvd sits in a renter-heavy North Hollywood neighborhood where occupancy trends are above the metro median, supporting stable operations. The building s 1984 vintage positions it competitively versus older local stock, with potential to capture incremental rent through targeted system upgrades and common-area refreshes.
High-cost homeownership dynamics in Los Angeles (elevated home values and value-to-income ratios) reinforce reliance on rentals, while a 3-mile radius shows households trending upward and projected to expand further by 2028 a supportive backdrop for tenant demand and lease retention. According to CRE market data from WDSuite, neighborhood occupancy and NOI per unit benchmark above many peers, though rent-to-income signals call for disciplined renewal strategies and amenity investments that sustain value without overextending affordability.
- Occupancy above metro median supports steady rent rolls and lower downtime.
- 1984 vintage offers value-add via targeted system and cosmetic upgrades.
- High-cost ownership market bolsters renter reliance and lease retention.
- 3-mile household growth outlook supports demand and pricing power over time.
- Risk: rent-to-income pressure and uneven amenity mix require careful renewal and expense management.