| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 39th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6901 Laurel Canyon Blvd, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 2006 |
| Units | 24 |
| Transaction Date | 2008-01-11 |
| Transaction Price | $4,200,000 |
| Buyer | 6901 LAUREL CANYON LLC |
| Seller | LAUREL TLG LLC |
6901 Laurel Canyon Blvd, North Hollywood Multifamily
Stabilized renter demand and strong occupancy in the surrounding neighborhood point to durable cash flows for a 24-unit asset, according to WDSuite’s CRE market data and commercial real estate analysis.
Located in North Hollywood’s Urban Core within the Los Angeles-Long Beach-Glendale metro, the neighborhood posts an occupancy rate that is competitive among Los Angeles neighborhoods (rank 402 of 1,441) and in the top quartile nationally (84th percentile), which supports lease-up and renewal stability for multifamily operators. Renter-occupied unit concentration is also elevated (97th percentile nationally), indicating a deep tenant base for professionally managed apartments.
Everyday amenities are a practical fit for workforce renters: grocery access is a standout strength (99th percentile nationally), restaurants are plentiful (94th percentile), and parks index well (87th percentile). Coverage is thinner for cafes and pharmacies, which may influence specific retail convenience assumptions rather than core housing demand. Average school ratings trend below national medians, which can affect family renter positioning but does not typically deter demand for smaller formats.
Within a 3-mile radius, 2023 demographics indicate a large household base and modest recent population softness, while WDSuite’s outlook shows households projected to increase into 2028, implying a larger tenant pool and support for occupancy. Median home values sit in a high-cost ownership market (93rd percentile nationally), which tends to reinforce renter reliance and aids lease retention. Neighborhood NOI per unit benchmarks are above the national median (74th percentile), suggesting historically achievable margins, though property-level performance will depend on asset execution and expense control.
For physical competitiveness, 2006 construction at the subject is newer than the area’s average vintage (1976), which can reduce near-term capital exposure versus older stock and support rent positioning; investors should still underwrite mid-life system updates and targeted modernization. Insights in this section are grounded in WDSuite’s multifamily property research.
Safety trends compare favorably. The neighborhood’s overall crime rank is strong within the Los Angeles-Long Beach-Glendale metro (rank 198 of 1,441), placing it among the safer cohorts locally. Nationally, it sits in the 82nd percentile for safety, indicating comparatively lower crime than most neighborhoods across the country.
Recent trend signals are constructive: estimated property and violent offense rates show sharp year-over-year declines (near the top of national improvement percentiles), which can support tenant retention and reduce operational frictions. As always, investors should evaluate submarket and corridor-level patterns during site visits and compare to management’s incident logs rather than extrapolating to specific blocks.
Proximity to media and communications employers supports steady renter demand through commute convenience and a diverse professional base. Nearby anchors include Charter Communications, Radio Disney, Disney, and Live Nation Entertainment.
- Charter Communications — telecommunications (3.0 miles)
- Radio Disney — media (4.3 miles)
- Disney — entertainment studios (4.9 miles) — HQ
- Live Nation Entertainment — live entertainment offices (7.2 miles)
This 24-unit asset, built in 2006, is positioned in a renter-heavy pocket of North Hollywood where neighborhood occupancy trends are both competitive within the metro and in the top quartile nationally. Newer construction relative to the area’s 1970s average can enhance leasing competitiveness and temper near-term capital requirements, while still warranting planning for mid-life systems and cosmetic upgrades. Elevated home values in the surrounding area support sustained reliance on rentals, aiding pricing power and renewal rates.
Within a 3-mile radius, households are projected to grow into 2028, expanding the renter pool and supporting occupancy stability. According to CRE market data from WDSuite, neighborhood-level income growth and high-cost ownership dynamics have historically supported multifamily performance, though operators should calibrate rents to manage affordability pressure and retention risk.
- Occupancy strength: competitive among 1,441 Los Angeles neighborhoods and top quartile nationally, supporting leasing stability.
- Renter depth: high renter-occupied share indicates a broad tenant base for sustained demand.
- Newer vintage: 2006 construction offers relative competitiveness vs. older stock; plan for mid-life updates.
- Ownership costs: elevated home values reinforce rental reliance, aiding retention and rent positioning.
- Risks: manage rent-to-income affordability pressure and below-median school ratings; monitor submarket safety and cyclical exposure when underwriting.