| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 39th | Fair |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6949 Laurel Canyon Blvd, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1986 |
| Units | 120 |
| Transaction Date | 2001-03-15 |
| Transaction Price | $5,000,000 |
| Buyer | 6949 LAUREL CANYON LP |
| Seller | NEWMAN RANDY |
6949 Laurel Canyon Blvd North Hollywood Multifamily Investment
Neighborhood-level occupancy remains resilient with deep renter demand, according to WDSuite’s CRE market data, supporting steady leasing fundamentals for this 120-unit asset. Newer-than-area vintage positions operations for competitive performance while allowing targeted modernization to drive returns.
Situated in North Hollywood’s Urban Core, the neighborhood rates B and is competitive among Los Angeles neighborhoods. Renter-occupied housing is prevalent at the neighborhood level, indicating a sizable tenant base and supporting occupancy stability. Within a 3-mile radius, demographics show a large and diverse population with households rising modestly in recent years and projected to expand further, pointing to a larger tenant base and sustained leasing demand.
Livability signals skew positive for daily needs: grocery access is strong (top percentile nationally), restaurants are plentiful, and parks are accessible. Childcare density also ranks high relative to national peers. School ratings in the immediate area average below mid-scale, which may temper family-oriented demand but typically has limited impact on workforce multifamily; investors should factor this into leasing mix and amenity positioning.
On housing fundamentals, neighborhood occupancy trends are above national norms and have improved over the past five years, while median contract rents have moved higher. In a high-cost ownership market (elevated home values and a high value-to-income ratio), many households rely on rental options, which can support lease retention and pricing power for well-managed properties.
Asset vintage is 1986, newer than the neighborhood’s average 1970s stock. That generally enhances competitive positioning versus older buildings, though investors should still plan for selective system updates and modernization to sustain performance. Taken together, these factors align with stable renter demand and potential for operational upside based on commercial real estate analysis from WDSuite.
Safety indicators are comparatively favorable at the national level, with the neighborhood positioned in the upper tier nationwide. According to WDSuite, recent estimates also point to notable year-over-year declines in both violent and property offense rates, suggesting improving conditions. As with any urban Los Angeles location, investors should review property-level security, lighting, and access controls during due diligence rather than relying on block-level assumptions.
Nearby employers anchor a broad entertainment and corporate services base that supports renter demand and commute convenience, including Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — telecommunications (3.0 miles)
- Radio Disney — media (4.4 miles)
- Disney — entertainment (5.0 miles) — HQ
- Live Nation Entertainment — entertainment (7.3 miles)
- Avery Dennison — materials & labeling (8.5 miles) — HQ
- Live Nation Entertainment — entertainment (8.5 miles) — HQ
This 120-unit asset built in 1986 benefits from a renter-heavy neighborhood and consistently high neighborhood occupancy, pointing to durable tenant demand and retention potential. Median rents have trended upward, and the surrounding ownership market is high cost, reinforcing reliance on multifamily housing and supporting revenue management. Within a 3-mile radius, forecasts indicate meaningful growth in households and incomes by 2028, expanding the renter pool and supporting occupancy stability and rentability. According to CRE market data from WDSuite, the submarket’s amenity access and employer base further underpin demand.
Operationally, the property’s vintage is newer than much of the area’s 1970s stock, offering competitive positioning versus older buildings while leaving room for targeted renovations and system upgrades to capture value-add upside. Key watchpoints include rent-to-income pressures common in Los Angeles and below-average local school ratings that may influence unit mix strategy, rather than core workforce demand.
- Renter-occupied neighborhood with strong occupancy supports stable leasing
- Newer 1986 vintage versus older area stock enables targeted value-add
- High-cost ownership environment reinforces multifamily demand and retention
- 3-mile forecasts point to more households and incomes, enlarging the renter base
- Risk: affordability pressure and weaker school ratings require prudent lease management