| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 24th | Poor |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7630 Laurel Canyon Blvd, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 2001 |
| Units | 30 |
| Transaction Date | 2000-03-20 |
| Transaction Price | $195,000 |
| Buyer | BRENDEL RAINER |
| Seller | 6 ANGELS LLC |
7630 Laurel Canyon Blvd North Hollywood Multifamily Investment
This 30-unit property built in 2001 benefits from strong renter demand in a neighborhood with 53.2% rental occupancy rates. The area's high rental density supports multifamily property research by providing a stable tenant pool in the Los Angeles market.
The North Hollywood neighborhood ranks in the top quartile nationally for park access and cafe density, with 1.98 parks and cafes per square mile. The area maintains 91.7% neighborhood-level occupancy, supporting rental stability for investors. With 53.2% of housing units renter-occupied, the neighborhood demonstrates consistent rental demand above the national average.
Built in 2001, this property aligns with the neighborhood's average construction year of 1974, potentially offering renovation upside opportunities for value-add investors. The median contract rent of $1,674 has grown 34.6% over five years, indicating pricing power in the local rental market.
Demographics within a 3-mile radius show 219,143 residents with a median household income of $69,585. The area's 60.9% renter share reinforces multifamily demand, while forecasted household growth to 94,033 units by 2028 suggests expanding tenant pools. Home values averaging $693,372 with 57.4% five-year appreciation help sustain rental demand by maintaining elevated ownership costs.
The rent-to-income ratio ranks in the 4th national percentile, indicating affordability pressure that requires careful lease management and retention strategies. However, the high rental density and proximity to employment centers in the broader Los Angeles market provide ongoing demand fundamentals.
The neighborhood ranks 350th among 1,441 Los Angeles metro neighborhoods for overall crime metrics, placing it in the 76th national percentile for safety. Property crime rates have declined significantly by 73.6% year-over-year, while violent crime decreased 90.8%, both ranking in the top national percentiles for improvement trends.
Current property offense rates of 173.8 per 100,000 residents and violent crime at 29.1 per 100,000 residents position the area competitively among metro neighborhoods. The substantial crime reduction trends suggest improving conditions that support tenant retention and property values.
The North Hollywood area benefits from proximity to major entertainment and corporate employers, supporting workforce housing demand for multifamily properties.
- Charter Communications — telecommunications (3.0 miles)
- Radio Disney — media & entertainment (5.0 miles)
- Disney — entertainment & media (5.5 miles) — HQ
- Live Nation Entertainment — entertainment services (8.0 miles)
- Avery Dennison — manufacturing & materials (8.8 miles) — HQ
This 30-unit North Hollywood property offers stable fundamentals with 91.7% neighborhood occupancy and strong rental demand supported by 60.9% renter-occupied housing units within a 3-mile radius. Built in 2001, the property provides potential value-add opportunities while avoiding the capital expenditure needs of older stock. Commercial real estate analysis shows the area's high home values and growing household base reinforce rental demand, with forecasted population growth supporting occupancy stability through 2028.
The location benefits from proximity to major employers including Disney and Charter Communications, providing workforce housing demand. However, investors should monitor the 4th percentile rent-to-income ratio, which indicates affordability pressure requiring strategic lease management and potential concession planning.
- Strong rental market with 91.7% neighborhood occupancy and 53.2% rental housing density
- 2001 construction year offers value-add potential without major capital expenditure needs
- Proximity to major employers supports workforce housing demand and tenant stability
- Forecasted household growth to 94,033 units by 2028 indicates expanding tenant pool
- Risk: Low rent-to-income ratio requires careful affordability management and retention strategies