| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 39th | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6907 Whitsett Ave, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1973 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6907 Whitsett Ave North Hollywood Multifamily Investment
Renter demand in this Urban Core pocket shows depth and stability, according to WDSuite s CRE market data, with neighborhood occupancy trending above national norms and a sizable renter-occupied housing base supporting leasing durability.
Positioned in North Hollywood s Urban Core, the property benefits from strong neighborhood fundamentals for multifamily: a high share of renter-occupied housing units (neighborhood-level), competitive occupancy, and amenity density that supports daily convenience. Caf e9, grocery, and restaurant counts rank in the upper tiers nationally, signaling pedestrian-oriented services that bolster resident retention and leasing velocity.
Home values in the neighborhood sit at the higher end for Los Angeles, and the value-to-income ratio is among the nation s highest. For investors, a high-cost ownership market typically sustains reliance on rental housing, helping support pricing power and lease-up consistency in comparable submarkets. At the same time, rent-to-income dynamics warrant proactive lease management to mitigate affordability pressure and turnover risk.
Neighborhood ratings indicators are above metro median across several housing and amenity measures, while average school scores are lower and park access is limited both considerations for positioning and tenant mix. Construction in the area skews older on average (1960s), and a 1973 vintage can be relatively competitive versus older stock while still benefiting from selective modernization to enhance rents and reduce near-term capital surprises.
Within a 3-mile radius, household counts have inched up and are projected to expand alongside income gains over the next five years, pointing to a larger tenant base and continued renter pool expansion. This forward view, paired with neighborhood occupancy that sits above national averages, supports a steady demand backdrop for multifamily, based on commercial real estate analysis from WDSuite.
Safety trends in the surrounding neighborhood compare favorably at a national level, landing in the top quartile nationwide based on WDSuite s benchmarked crime percentile. Year over year, both property and violent offense rates have shown pronounced improvement, suggesting momentum in the right direction rather than a one-off shift.
At the metro scale (Los Angeles-Long Beach-Glendale, 1,441 neighborhoods), safety outcomes vary by corridor and micro-location. For underwriting, a comparative approach evaluating peer neighborhoods with similar renter concentrations and amenity access can help contextualize retention expectations and operating protocols without relying on block-level assumptions.
Proximity to major media, entertainment, and corporate services anchors supports a large commuter workforce and deepens the renter base. The following nearby employers contribute to demand within typical multifamily commuting tolerances:
- Charter Communications telecommunications (3.5 miles)
- Radio Disney media (4.7 miles)
- Disney entertainment (5.3 miles) HQ
- Live Nation Entertainment entertainment (7.4 miles)
- Avery Dennison materials & packaging (9.0 miles) HQ
6907 Whitsett Ave offers exposure to an Urban Core neighborhood with above-average occupancy and a deep renter base. Elevated regional home values and a high value-to-income ratio indicate a high-cost ownership market that tends to reinforce multifamily demand and lease retention. The 1973 vintage is newer than much of the surrounding 1960s-era stock, suggesting competitive positioning versus older assets, while still leaving room for targeted renovations to drive rent and durability.
According to CRE market data from WDSuite, neighborhood NOI per unit trends above many national peers, amenity density is robust, and safety metrics have improved year over year all supportive of stable operations. Forward-looking 3-mile demographics point to growth in households and incomes, expanding the tenant base and helping support occupancy stability and measured rent growth over the hold.
- Above-average neighborhood occupancy and strong renter concentration support leasing stability
- High-cost ownership market underpins renter reliance and pricing power potential
- 1973 vintage offers competitive edge versus older stock with value-add modernization upside
- Amenity-rich corridor and proximity to major employers broaden the tenant pool
- Risks: limited park access, lower average school scores, and affordability pressure require careful lease and capex planning