| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 39th | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6920 Coldwater Canyon Ave, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1985 |
| Units | 21 |
| Transaction Date | 2004-03-23 |
| Transaction Price | $196,000 |
| Buyer | TABAN DAVID |
| Seller | PAKRAVAN DANNY |
6920 Coldwater Canyon Ave North Hollywood Multifamily
Neighborhood occupancy is 96.1% with a high renter concentration, pointing to durable tenant demand, according to WDSuite’s CRE market data.
Rated B+ and positioned competitive among Los Angeles–Long Beach–Glendale neighborhoods (455 out of 1,441), the area around 6920 Coldwater Canyon Ave offers investors strong daily-needs access and steady renter fundamentals based on CRE market data from WDSuite.
Amenity density is a relative strength: grocery and restaurant counts are in high national percentiles, and cafes and pharmacies are well represented. Park access is limited, which may temper some lifestyle appeal, and average school ratings are modest versus national benchmarks; investors may want to lean on unit finishes and convenience to support leasing.
For multifamily operations, the neighborhood shows 96.1% occupancy (above the metro median) and a 69.5% share of renter-occupied housing units, indicating a deep tenant base and support for leasing stability. Elevated home values in the area signal a high-cost ownership market, which typically sustains reliance on rental housing and can support pricing power, while rent-to-income levels suggest some affordability pressure that merits attentive lease management.
Within a 3-mile radius, households have inched higher while average household size edged lower in recent years, and forward-looking data indicate modest population growth alongside meaningful household gains. This combination generally expands the tenant pool and supports occupancy and renewal outcomes without requiring outsized in-migration. The property’s 1985 construction is newer than the neighborhood average (1966), offering relative competitiveness versus older stock, though investors should plan for targeted system updates or value-add upgrades as part of capital planning.
Neighborhood safety indicators are favorable in a comparative context: overall crime performance sits in the top quartile nationally and is above the metro average, making the area competitive among Los Angeles neighborhoods (measured against 1,441 neighborhoods in the metro). Recent WDSuite data also show sharp year-over-year declines in both violent and property offense estimates, which supports a constructive trend view.
As with any urban core location, conditions can vary by block and time of day. Investors should pair this directional improvement with on-the-ground diligence and property-level security planning.
Proximity to media and corporate employment anchors underpins renter demand and commute convenience for workforce and creative tenants. Nearby employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — corporate offices (3.96 miles)
- Radio Disney — corporate offices (5.10 miles)
- Disney — corporate offices (5.76 miles) — HQ
- Live Nation Entertainment — corporate offices (8.47 miles) — HQ
- Avery Dennison — corporate offices (9.40 miles) — HQ
This 21-unit, 1985-vintage asset sits in a renter-heavy pocket of North Hollywood where neighborhood occupancy is 96.1% and ownership costs are elevated, supporting sustained reliance on multifamily housing. Based on CRE market data from WDSuite, amenity access is strong by national standards, while limited park space and modest school ratings suggest leasing strategies should emphasize convenience and interior quality.
Households within a 3-mile radius are projected to increase alongside rising incomes, pointing to a larger tenant base over the medium term. The vintage is newer than the area’s average stock, offering a competitive starting point with potential value-add through targeted system updates and cosmetic upgrades, while affordability pressure argues for disciplined lease management and renewals.
- High renter concentration and above-metro occupancy support leasing stability
- Strong daily-needs and dining access enhances livability and retention
- 1985 vintage is competitive versus older local stock with value-add upside
- 3-mile household growth and rising incomes expand the tenant base
- Risks: limited parks, modest school ratings, and rent-to-income pressure require proactive management