| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 24th | Poor |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7635 Lankershim Blvd, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1986 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7635 Lankershim Blvd North Hollywood Multifamily Investment
This 36-unit property benefits from strong rental demand in a renter-dominated market with 61.7% of households renting within a 3-mile radius. Neighborhood-level occupancy remains stable at 91.7% according to WDSuite's CRE market data.
The North Hollywood neighborhood presents a mixed investment profile with both opportunities and challenges for multifamily investors. Located within Los Angeles County's urban core, the area ranks 1,297th among 1,441 metro neighborhoods, placing it below metro median performance across multiple metrics. However, the neighborhood demonstrates resilience in key rental fundamentals, with occupancy rates maintaining 91.7% and strong renter concentration at 53.2% of housing units.
Demographics within a 3-mile radius reveal a population of approximately 195,800 residents across 64,715 households, with projections indicating modest growth to 202,736 residents by 2028. The area maintains a substantial renter pool with 61.7% of households renting, supporting consistent tenant demand. Median household income of $70,076 provides affordability for the median rent of $1,555, though investors should monitor rent-to-income ratios which rank below metro averages.
The property's 1986 construction year aligns closely with the neighborhood average of 1974, positioning it among newer building stock that may require less immediate capital expenditure compared to older properties in the area. Home values averaging $693,372 create a significant ownership barrier that can help maintain rental demand, though investors should consider monitoring competitive pressures as ownership costs may influence tenant retention patterns.
Amenity access presents challenges with limited grocery stores, childcare facilities, and restaurants within the immediate area, though the neighborhood benefits from strong park density and cafe concentration that rank in the 93rd and 94th national percentiles respectively. School ratings average 1.5 out of 5, which may limit family appeal but could support demand from young professionals and smaller households in this urban core location.
Safety metrics for the North Hollywood neighborhood show a mixed but improving profile that ranks 350th among 1,441 Los Angeles metro neighborhoods, placing it in the top quartile for overall crime performance. This translates to the 76th national percentile, indicating above-average safety compared to urban neighborhoods nationwide.
Recent crime trends show significant improvement, with property offense rates declining 73.6% over the past year and violent crime dropping 90.8% during the same period. These substantial reductions place the neighborhood in the 96th and 99th national percentiles respectively for crime improvement, suggesting enhanced community safety that could support tenant retention and property values. Current property offense rates of approximately 174 incidents per area remain moderate, while violent crime rates of 29 incidents per 100,000 residents align with metro averages.
The North Hollywood area benefits from proximity to major entertainment and media employers that support diverse workforce housing demand in the greater Los Angeles market.
- Charter Communications — telecommunications services (2.6 miles)
- Radio Disney — media & entertainment (4.7 miles)
- Disney — entertainment & media (5.1 miles) — HQ
- Live Nation Entertainment — entertainment services (7.9 miles)
- Avery Dennison — manufacturing & materials (8.4 miles) — HQ
This 36-unit North Hollywood property offers investors exposure to a renter-dominated market with 61.7% of households renting within a 3-mile radius, supporting consistent tenant demand in an area where ownership barriers remain high due to median home values of $693,372. The neighborhood's 91.7% occupancy rate demonstrates market stability, while projected household growth of 35.1% through 2028 according to multifamily property research indicates expanding renter pool potential.
The 1986 vintage positions the asset competitively within neighborhood norms while potentially offering value-add opportunities through targeted improvements. Proximity to major entertainment employers including Disney headquarters and Charter Communications provides workforce housing appeal, though investors should consider the below-median neighborhood ranking and limited local amenities when evaluating long-term positioning and rental premiums.
- Strong renter concentration at 61.7% supports consistent tenant demand
- Stable neighborhood occupancy at 91.7% with projected household growth
- High ownership costs create rental market barriers supporting tenant retention
- Proximity to major entertainment employers provides workforce housing appeal
- Risk: Below-median neighborhood ranking and limited local amenities may constrain rental premiums