| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 21st | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7410 N Lankershim Blvd, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1979 |
| Units | 99 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7410 N Lankershim Blvd, North Hollywood Multifamily Investment
Neighborhood occupancy is solid with strong renter demand supported by elevated ownership costs in Los Angeles County, according to WDSuite’s CRE market data. This location favors stable leasing performance while offering room to compete against older local stock.
Situated in North Hollywood’s Urban Core, the property benefits from a renter-driven area: approximately 67.5% of housing units are renter-occupied, indicating a deep tenant base and durable demand for multifamily product. Neighborhood occupancy is around 96.0%, placing it above the metro median among 1,441 Los Angeles-Long Beach-Glendale neighborhoods, a positive indicator for lease-up and retention.
Daily-needs access is a strength. The neighborhood is competitive among Los Angeles-Long Beach-Glendale neighborhoods for overall amenities (ranked 489 of 1,441) with particularly dense café and grocery options that track in the upper national percentiles. These dynamics support livability and help reduce turnover risk as residents can meet most needs within a short commute.
Demographic statistics within a 3-mile radius show households edging higher despite a modest population dip in recent years, with forecasts pointing to additional household growth and a smaller average household size by 2028. For investors, that trend suggests a broader renter pool and supports occupancy stability for well-managed assets. Median incomes have been rising and are projected to continue increasing, which, alongside forecast rent growth, underscores the importance of thoughtful pricing and renewal strategies.
Ownership costs are elevated relative to incomes in this part of Los Angeles (high home values and a high value-to-income ratio), which tends to reinforce reliance on multifamily housing and deepens the renter universe. Rent-to-income sits near the high-20s, a level that can support retention while calling for disciplined lease management as rents trend upward.
Trade-offs to note: average school ratings in the area are below national norms, and park access is limited within the immediate neighborhood. These factors don’t preclude performance but should be considered in resident profile targeting and amenity strategy.
Safety indicators present a mixed but improving picture. Nationally, the neighborhood registers in a relatively favorable position (around the mid-70s percentile compared with neighborhoods nationwide), suggesting comparatively safer conditions than many U.S. areas. Within the Los Angeles-Long Beach-Glendale metro, however, it ranks 418th out of 1,441 neighborhoods—closer to the metro’s higher-crime cohort—so investors should calibrate expectations to local context.
Recent trend data is constructive: estimated violent and property offense rates have declined sharply year over year, according to WDSuite’s CRE market data. While no single metric defines on-the-ground experience, the directional improvement supports a cautiously positive outlook when paired with professional management, lighting, and access control.
Proximity to major media and corporate offices underpins steady renter demand, with commute-friendly access to Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — telecommunications (2.5 miles)
- Radio Disney — media (4.5 miles)
- Disney — entertainment studios (4.9 miles) — HQ
- Live Nation Entertainment — live entertainment (7.6 miles)
- Avery Dennison — materials manufacturing (8.2 miles) — HQ
7410 N Lankershim Blvd is positioned in a renter-heavy pocket of North Hollywood where neighborhood occupancy trends above the metro median and daily-needs amenities are strong. Built in 1979, the asset is newer than the neighborhood’s average vintage, offering a relative competitive edge versus older local stock, while still presenting opportunities for targeted renovations and systems modernization. Elevated home values in Los Angeles support multifamily reliance and deepen the tenant universe, and forecast household growth within a 3-mile radius points to a broader renter pool ahead. According to CRE market data from WDSuite, recent safety metrics have improved directionally, supporting a steady operations thesis with prudent management.
Key considerations include below-average school ratings and limited park access, which can be managed through resident targeting, upgraded on-site amenities, and service quality that supports renewals. Execution should focus on value-add scope tied to rent-to-income realities and amenity-driven retention.
- Renter-heavy neighborhood with above-metro occupancy supports stable leasing
- 1979 construction is competitive versus older local stock with value-add potential
- Elevated ownership costs reinforce multifamily demand and retention potential
- Household growth within 3 miles expands the renter pool over the forecast period
- Risks: lower school ratings, limited park access, and metro-relative safety require focused management