| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 39th | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6943 Whitsett Ave, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1973 |
| Units | 25 |
| Transaction Date | 2019-04-24 |
| Transaction Price | $3,339,500 |
| Buyer | SILVAN LLC |
| Seller | KALIOUNDJI ADAL V |
6943 Whitsett Ave North Hollywood Multifamily Investment
Neighborhood fundamentals point to steady renter demand and above-median occupancy, according to WDSuite’s CRE market data. Elevated ownership costs in North Hollywood support a durable tenant base relative to the Los Angeles metro.
The property sits in an Urban Core pocket of North Hollywood with a B+ neighborhood rating, where renter-occupied housing accounts for a large share of units. At the neighborhood level, occupancy is above the metro median (ranked 584 of 1,441 Los Angeles neighborhoods) and in the top quartile nationally by percentile, which supports income stability and reduces lease-up risk during normal cycles.
Amenity access is a strength: neighborhood counts for groceries, restaurants, pharmacies, and cafes sit in the mid-90s to upper-90s national percentiles, which helps with day-to-day convenience and leasing appeal. Park density is limited (ranked 1,441 of 1,441 metro neighborhoods), so investors should underwrite on-site common areas and nearby private amenities as partial substitutes. Average school ratings in the area are modest (about 2.0 out of 5), which may tilt demand toward smaller households and working professionals.
Within a 3-mile radius, demographics show a large existing population and a renter pool that is expected to expand as households increase over the next five years, even as average household size trends smaller. This shift typically supports a deeper tenant base for studios and smaller one-bedrooms and can bolster occupancy resilience.
Home values in the neighborhood are elevated (96th percentile nationally), indicating a high-cost ownership market that tends to sustain reliance on multifamily rentals and supports pricing power when managed carefully. Median contract rents in the neighborhood are also high relative to much of the country, so lease management should balance rent growth with retention.
The building’s 1973 vintage is slightly newer than the neighborhood’s average construction year (1966). Investors should anticipate targeted capital planning for aging systems and consider interior upgrades to capture value-add upside and maintain competitiveness against renovated stock.
Based on WDSuite’s data, the neighborhood’s safety profile is comparatively favorable within Los Angeles, with a crime rank of 361 among 1,441 metro neighborhoods and a national safety percentile around the mid-70s (safer than many areas nationwide). Recent trend data shows notable year-over-year declines in both property and violent offense rates, which, if sustained, can support tenant retention and lower non-operating risk. Conditions can vary block to block, so investors should corroborate trends with property-level history and professional security assessments.
Proximity to established media, telecom, and engineering employers supports a steady renter base seeking commute convenience. Key nearby employers include Charter Communications, Radio Disney, The Walt Disney Company, Live Nation Entertainment, and AECOM.
- Charter Communications — telecommunications (3.5 miles)
- Radio Disney — media (4.7 miles)
- Disney — entertainment (5.4 miles) — HQ
- Live Nation Entertainment — entertainment (8.5 miles) — HQ
- AECOM — engineering & infrastructure (9.5 miles) — HQ
This 25-unit, 1973-vintage asset aligns with a renter-heavy North Hollywood neighborhood where occupancy is above the metro median and in the top quartile nationally by percentile, per WDSuite’s data. Elevated home values locally reinforce reliance on multifamily housing, supporting demand depth and pricing power when paired with disciplined lease management. Amenity access is strong, though limited park space suggests on-site improvements can differentiate the property.
From a long-term perspective, 3-mile demographics point to an increasing household count and a larger tenant base as household sizes edge lower, which can support sustained occupancy and rent growth. With targeted renovations and system upgrades typical of 1970s construction, investors may capture value-add upside while benefiting from neighborhood conveniences and employment access, as supported by commercial real estate analysis from WDSuite.
- Above-median neighborhood occupancy and top-quartile national standing support income stability
- Renter-occupied concentration and high ownership costs deepen the tenant pool
- Strong amenity access (groceries, restaurants, pharmacies, cafes) enhances leasing appeal
- 1973 vintage offers value-add potential via interior updates and system upgrades
- Risks: limited parks, modest school ratings, and affordability pressure require prudent lease management