| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 49th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7055 N Coldwater Canyon Ave, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | 2021-10-04 |
| Transaction Price | $4,510,000 |
| Buyer | SHIND LLC |
| Seller | 7055 GOLDWATER CANYON LLC |
7055 N Coldwater Canyon Ave North Hollywood Multifamily
Neighborhood occupancy trends run above national norms and a high-cost ownership market supports durable renter demand, according to WDSuite’s CRE market data. These indicators point to steady leasing conditions for a well-located, garden-style asset in North Hollywood.
This Urban Core pocket of North Hollywood carries a B+ neighborhood rating and shows broad amenity depth that supports renter retention. Dining density sits in the top quartile nationally, with cafes particularly strong (competitive at the 99th national percentile) and grocery access above national averages. Park access is limited locally, so on-site common areas and nearby private amenities may play a larger role in livability planning.
At the metro scale, the area is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 385 out of 1,441), and operating income performance is also competitive (NOI per unit rank 391 of 1,441). Neighborhood occupancy ranks above the national median, reinforcing near-term stability for multifamily. School ratings trend below national averages, which some family renters may weigh against the area’s convenience and job access.
Tenure dynamics are favorable for multifamily: the neighborhood’s renter concentration is high (share of housing units that are renter-occupied ranks in the top decile nationally), implying a sizable tenant base and resilient demand across unit types. Home values are elevated versus national benchmarks, a common Los Angeles pattern that tends to reinforce reliance on rental housing and supports pricing power when lease management is disciplined.
Within a 3-mile radius, demographics indicate a slight population dip over the past five years alongside a modest increase in households and a projected rise in household counts by 2028. This mix suggests smaller average household sizes and a potential broadening of the renter pool, which can support occupancy stability and absorption, especially for efficiently sized units.
Compared with neighborhoods nationwide, the area scores above average for safety (around the upper quartile nationally) and is competitive among the 1,441 Los Angeles-Long Beach-Glendale neighborhoods. Recent WDSuite data also points to notable year-over-year declines in both property and violent offense estimates, a constructive trend for long-term operations. As always, safety can vary block-to-block in urban settings, so investors should evaluate property-level controls and lighting, as well as management practices, when underwriting.
Proximity to media, telecom, and infrastructure employers underpins renter demand and commute convenience for workforce and creative-class tenants, including Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and AECOM.
- Charter Communications — media & telecom (4.0 miles)
- Radio Disney — entertainment (5.2 miles)
- Disney — entertainment (5.9 miles) — HQ
- Live Nation Entertainment — entertainment (7.9 miles)
- AECOM — engineering & infrastructure (9.7 miles) — HQ
7055 N Coldwater Canyon Ave offers investors a 24-unit, 1972-vintage asset in a North Hollywood submarket characterized by strong renter concentration, above-median neighborhood occupancy, and elevated ownership costs that support sustained apartment demand. The 1972 construction is slightly newer than the neighborhood’s average vintage, suggesting relative competitiveness versus older stock; investors should still anticipate targeted system updates and common-area refreshes to enhance leasing velocity and retention.
Within a 3-mile radius, households have been edging higher despite a modest population contraction, and forecasts point to further household growth by 2028—dynamics that typically expand the renter pool and support occupancy stability. According to CRE market data from WDSuite, neighborhood amenity access is above national averages and NOI per unit performance is competitive among Los Angeles neighborhoods, while the high-cost ownership market reinforces reliance on multifamily. Key watch items include affordability pressure (rent-to-income considerations) and below-average school ratings, which call for careful unit mix positioning and active lease management.
- High renter concentration supports a deep tenant base and steady absorption
- Above-median neighborhood occupancy and amenity depth aid retention and pricing power
- 1972 vintage slightly newer than area average, with value-add potential via targeted upgrades
- Household growth within 3 miles points to a larger renter pool over the medium term
- Risks: affordability pressure and below-average school ratings require disciplined lease and capex strategies