| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Poor |
| Demographics | 31st | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7628 Lankershim Blvd, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1983 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7628 Lankershim Blvd, North Hollywood Multifamily Investment
Positioned in an Inner Suburb pocket of North Hollywood with a sizable renter base nearby, the asset benefits from strong regional demand drivers and a high-cost ownership market, according to WDSuite’s CRE market data.
The immediate neighborhood sits within the Los Angeles-Long Beach-Glendale metro and trends as an Inner Suburb location with everyday conveniences. Grocery access is a clear strength, with the area performing in the top decile nationally for grocery density, while restaurants track well above average. By contrast, parks and cafes are limited locally, so residents rely more on private amenities and nearby commercial corridors.
For investors, rental dynamics show mixed signals. Neighborhood occupancy is softer relative to national benchmarks (ranked below the metro median among 1,441 Los Angeles neighborhoods), suggesting lease-up may require active management and competitive positioning. However, the broader 3-mile radius shows depth on the demand side: approximately six in ten housing units are renter-occupied, supporting a larger tenant base and potential retention.
Schools in the neighborhood rate below national averages, which can influence unit mix performance for family-oriented renters. Home values index in the high national percentiles and the value-to-income ratio is among the highest nationally, reinforcing that ownership is a high-cost option here—conditions that typically sustain multifamily rental demand and can aid lease stability.
Vintage matters: the property’s 1983 construction is newer than the neighborhood’s average vintage (ranked older on a metro basis). That positioning can provide a competitive edge versus mid-century stock, though investors should still plan for modernization of building systems and common areas to meet today’s renter expectations.
Neighborhood safety compares favorably in a regional and national context. Crime levels are in the top quartile nationally for safer outcomes and rank 247 out of 1,441 Los Angeles metro neighborhoods, indicating comparatively lower reported crime than many peer areas. Recent year-over-year trends show notable declines in both violent and property offenses, which supports resident retention and leasing narratives without overpromising block-level outcomes.
The location draws from a diverse employment base across media, entertainment, and corporate services, supporting workforce housing demand and commute convenience for renters. Nearby employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — telecommunications (2.6 miles)
- Radio Disney — media (4.7 miles)
- Disney — media & entertainment (5.1 miles) — HQ
- Live Nation Entertainment — entertainment (7.9 miles)
- Avery Dennison — manufacturing & materials (8.3 miles) — HQ
This 56-unit asset, built in 1983, offers relative competitiveness versus the area’s older mid-century stock while remaining a candidate for targeted modernization to enhance renter appeal. The surrounding 3-mile radius shows a large renter pool and rising household incomes, which—paired with a high-cost ownership market—supports durable rental demand and potential retention. According to CRE market data from WDSuite, neighborhood occupancy trends are softer than national norms, so execution will matter; however, strong grocery/restaurant access and proximity to major employers underpin steady leasing fundamentals.
Forward-looking household growth in the 3-mile area and continued rent gains indicate a supportive backdrop for multifamily operators that focus on tenant experience, unit updates, and thoughtful pricing. Underwriting should account for competitive concessions in weaker months, with value-add upside tied to renovations and operational improvements rather than speculative rent spikes.
- Newer-than-neighborhood vintage (1983) provides a competitive edge versus older local stock, with room for modernization.
- Large renter base within 3 miles supports tenant demand and potential occupancy stability.
- High-cost ownership market reinforces reliance on rentals, aiding retention and pricing power management.
- Proximity to major employers strengthens leasing narratives for workforce and creative-sector tenants.
- Risk: Neighborhood occupancy trails national benchmarks, requiring active leasing strategy and competitive positioning.