| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 24th | Poor |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7654 Laurel Canyon Blvd, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1985 |
| Units | 65 |
| Transaction Date | 1994-03-09 |
| Transaction Price | $1,700,000 |
| Buyer | HOME SVGS OF AMERICA FSB |
| Seller | SERRANO RECONVEYANCE COMPANY |
7654 Laurel Canyon Blvd North Hollywood Multifamily Investment
Renter concentration and a high-cost ownership market support durable demand in this North Hollywood urban core, according to WDSuite’s CRE market data. Neighborhood occupancy trends sit near national norms, pointing to generally stable leasing with selective upside from targeted upgrades.
This Urban Core pocket of North Hollywood shows characteristics favorable to workforce-oriented multifamily. Neighborhood occupancy is around the national midpoint, and the share of renter-occupied housing units is high, indicating a deeper tenant base that can support leasing continuity and renewal activity. Median home values are elevated for the region, which tends to reinforce reliance on rental housing and can bolster pricing power when units are well-positioned.
Amenities skew toward lifestyle rather than daily-needs: cafés and parks index strong nationally (top decile), while grocery, pharmacy, and restaurants are comparatively thin inside the immediate neighborhood footprint. For investors, this mix can still support retention if property-level conveniences and last-mile access are thoughtfully addressed.
The property’s 1985 vintage is newer than the neighborhood’s average construction year of 1974. That positioning can be competitively favorable versus older stock, while still warranting capital planning for systems modernization and select value-add to command higher rents.
Demographic statistics aggregated within a 3-mile radius show households increasing and average household size edging lower over the next five years, even as total population remains roughly flat. This pattern typically expands the renter pool and supports occupancy stability. Household incomes are trending upward alongside forecast rent growth, which supports achievable rent levels but calls for attentive lease management where affordability pressure emerges.
Relative to the Los Angeles-Long Beach-Glendale metro, the neighborhood’s overall rank places it below the median, yet housing fundamentals (rents and renter share) are competitive among metro neighborhoods. Investors should view the submarket as demand-supported with measured upside tied to renovation scope, community programming, and operational execution.
Safety indicators compare favorably in a metro context: the neighborhood’s crime rank is in the top quartile among 1,441 Los Angeles metro neighborhoods, and national benchmarks place it above the U.S. average. Violent offense metrics sit near the national midpoint, while recent year-over-year estimates indicate meaningful declines in both violent and property offenses.
For underwriting, treat the area as comparatively stable for the region, while maintaining standard multifamily best practices (lighting, access control, and monitoring) to support resident confidence and retention.
Proximity to major media and corporate offices underpins a sizable employment base that supports renter demand and commute convenience, including Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — telecommunications (3.1 miles)
- Radio Disney — media (5.0 miles)
- Disney — entertainment (5.5 miles) — HQ
- Live Nation Entertainment — live entertainment (8.1 miles)
- Avery Dennison — materials manufacturing (8.8 miles) — HQ
With 65 units and a 1985 vintage, the asset competes favorably against older neighborhood stock while leaving room for targeted modernization to capture rent premiums. Renter-occupied share is high locally, and elevated ownership costs in the neighborhood support sustained reliance on multifamily housing. Occupancy trends are near national norms, suggesting steady baseline demand that can be enhanced by value-add execution and improved resident services.
Within a 3-mile radius, household counts are projected to grow and average household size to decline, expanding the tenant base even as population remains roughly flat. Rising household incomes and forecast rent growth point to continued leasing viability; according to CRE market data from WDSuite, these dynamics align with the area’s role as a renter-oriented submarket anchored by proximate media and corporate employment.
- Newer-than-neighborhood-average 1985 vintage supports competitive positioning with targeted systems and interior upgrades
- High renter-occupied share and elevated ownership costs reinforce depth of demand and renewal potential
- Expanding household counts within 3 miles indicate a larger tenant base to support occupancy and leasing velocity
- Amenity mix favors parks and cafés; property-level conveniences can differentiate and support retention
- Risks: affordability pressure (higher rent-to-income), thinner nearby daily-needs retail, and average school ratings require attentive lease and asset management