| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 24th | Poor |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7627 Laurel Canyon Blvd, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1985 |
| Units | 35 |
| Transaction Date | 2011-07-08 |
| Transaction Price | $3,850,000 |
| Buyer | MERSOLA ANTHONY |
| Seller | 7627 LAUREL CANYON BLVD LP |
7627 Laurel Canyon Blvd North Hollywood Multifamily Investment
Renter demand remains the primary thesis here, with neighborhood occupancy around the metro middle and a deep renter base, according to WDSuite’s CRE market data. Elevated ownership costs in Los Angeles support sustained apartment reliance and pricing discipline over a full cycle.
Located in North Hollywood’s Urban Core, the property sits in a neighborhood with solid renter concentration and steady occupancy. The share of housing units that are renter-occupied is high relative to national norms, signaling a sizable tenant base and support for leasing velocity. Neighborhood occupancy trends are near the U.S. middle, which helps frame expectations for stabilization rather than outsized lease-up risk.
Amenity access is mixed. Park access and cafe density rank in the top quartile nationally, while daily-needs categories such as groceries and pharmacies are thinner locally, suggesting some residents may rely on short drives for errands. Average school ratings in the area are below national medians; investors should underwrite accordingly for family-oriented leasing and marketing strategies.
Home values in the neighborhood are elevated by national standards, and the value-to-income ratio sits near the top of U.S. markets. In practice, this high-cost ownership landscape tends to reinforce reliance on rental housing, supporting tenant retention and occupancy stability. Rent-to-income levels indicate some affordability pressure, so prudent lease management and renewal strategies remain important for reducing turnover risk.
Within a 3-mile radius, recent commercial real estate analysis indicates households grew modestly despite a slight population dip, and forecasts point to more households and smaller average household sizes over the next five years. This combination typically broadens the renter pool and supports demand for smaller unit types and flexible floor plans.
Neighborhood safety compares favorably in the Los Angeles metro. With a crime rank positioned at 350 out of 1,441 metro neighborhoods, conditions are competitive among Los Angeles neighborhoods and align with a top-quartile placement locally. Nationally, the area sits above average on safety measures, reflecting stronger comparative performance than many urban submarkets.
Recent data show meaningful year-over-year declines in both violent and property offense rates, indicating an improving trend rather than a one-off fluctuation. Investors should still underwrite typical urban security considerations, but the directional movement supports long-term stability assumptions.
Proximity to major media and corporate employers supports a durable renter base and commute convenience. Key nearby employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — telecommunications (3.1 miles)
- Radio Disney — media (5.0 miles)
- Disney — media & entertainment (5.5 miles) — HQ
- Live Nation Entertainment — entertainment (8.1 miles)
- Avery Dennison — materials & labeling (8.8 miles) — HQ
7627 Laurel Canyon Blvd is a 35-unit, 1985-vintage asset with average unit sizes near 700 sq. ft., positioned for durable renter demand in a high-cost ownership market. The neighborhood’s strong renter-occupied share and mid-range occupancy indicate depth of tenant base with manageable lease-up risk, while elevated home values bolster reliance on apartments. Based on CRE market data from WDSuite, rents in the area have trended upward over the past cycle, reinforcing a case for steady income growth when paired with disciplined tenant retention.
Relative to the area’s older housing stock (average vintage 1974), the 1985 construction provides a competitive edge versus legacy product. Targeted updates to interiors and systems can unlock value-add potential and reduce near-term maintenance volatility. That said, rent-to-income levels point to affordability pressure, so underwriting should emphasize renewal management and modest annual escalations to support occupancy stability.
- High renter concentration supports a deep tenant base and stable leasing
- Elevated ownership costs in Los Angeles reinforce multifamily demand
- 1985 vintage vs. older local stock offers value-add and competitiveness
- Nearby media and corporate employers underpin workforce housing demand
- Risk: affordability pressure suggests tighter renewal management to sustain occupancy