| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 24th | Poor |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7651 Laurel Canyon Blvd, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 2012 |
| Units | 36 |
| Transaction Date | 2005-08-26 |
| Transaction Price | $3,300,000 |
| Buyer | F & T GROUP LLC |
| Seller | VALLEIE JAVAD |
7651 Laurel Canyon Blvd, North Hollywood Multifamily Investment
Newer 2012 construction in a high-cost ownership market supports durable renter demand and leasing stability, according to WDSuite’s CRE market data.
Located in North Hollywood’s Urban Core, the property benefits from neighborhood dynamics that generally support multifamily demand. Cafes and parks are a relative strength here — cafe density sits in the top quartile nationally and is competitive among the 1,441 Los Angeles metro neighborhoods, while park access also ranks in the top quartile nationwide. Everyday retail like groceries and pharmacies is more limited immediately nearby, which can shift some spend to destination corridors.
The building’s 2012 vintage is newer than the neighborhood’s average construction year (1974). For investors, that typically translates to a more competitive offering versus older local stock, with potential for targeted modernization over time rather than heavy near-term capital programs.
Renter-occupied housing concentration is meaningful. Within a 3-mile radius, around 60% of housing units are renter-occupied, indicating a sizable tenant base and demand depth for midsize assets. Neighborhood occupancy trends sit around the national mid-range, which helps underpin baseline leasing stability. Median contract rents in the neighborhood test above many U.S. areas, while household incomes in the immediate area are mixed, so thoughtful lease management remains important.
Ownership costs are elevated relative to local incomes (value-to-income metrics are among the highest nationally), reinforcing reliance on rental options and supporting retention and pricing power for well-positioned assets. School quality scores in the neighborhood are below national averages, which can temper family-oriented demand but is typical for many urban core submarkets in the region.
Relative to neighborhoods nationwide, this area trends safer, with overall safety in the top quartile nationally. It is also competitive among Los Angeles neighborhoods (1,441 total), according to WDSuite’s CRE market data. Recent year-over-year readings indicate notable declines in both violent and property offense estimates, a constructive signal for long-term leasing and retention. As with any urban core location, conditions can vary block to block; investors typically underwrite to submarket trends rather than parcel-level assumptions.
The nearby employment base blends telecommunications, media, entertainment, and corporate headquarters, providing a broad white-collar renter pool and commute convenience that can support retention for mid-size multifamily. Notable employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — telecommunications (3.1 miles)
- Radio Disney — media (5.1 miles)
- Disney — media & entertainment (5.5 miles) — HQ
- Live Nation Entertainment — live entertainment (8.1 miles)
- Avery Dennison — packaging & materials (8.8 miles) — HQ
This 36-unit asset, built in 2012, offers relative competitiveness versus older neighborhood stock while tapping into a large renter base and strong regional employment drivers. Elevated home values in North Hollywood and surrounding Los Angeles submarkets tend to reinforce sustained rental demand and support occupancy stability for well-maintained, mid-size properties.
Neighborhood indicators point to mid-range occupancy with solid renter concentration, while cafe and park access rank well versus national comparables. According to CRE market data from WDSuite, safety trends have improved year over year and the area compares favorably at a national level, supporting leasing and tenant retention assumptions. Investors should balance these strengths against below-average local school ratings and pockets of affordability pressure when setting rent growth and renewal strategies.
- 2012 vintage relative to 1970s-area stock supports competitive positioning with lighter near-term capex needs
- High-cost ownership market reinforces renter reliance, aiding pricing power and retention
- Proximity to diversified employers supports white-collar renter demand and lease stability
- Strong cafe and park access vs. national peers enhances livability for tenants
- Risks: below-average school ratings and affordability pressure warrant conservative rent and renewal underwriting