| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 24th | Poor |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7655 Lankershim Blvd, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1984 |
| Units | 36 |
| Transaction Date | 2007-12-21 |
| Transaction Price | $3,187,500 |
| Buyer | SAUER TIMOTHY J |
| Seller | CORDARY LLC |
7655 Lankershim Blvd, North Hollywood Multifamily
Positioned in an Urban Core pocket with resilient renter demand and a deep tenant base, this 36-unit asset benefits from strong neighborhood occupancy and a high-cost ownership backdrop, according to WDSuite’s CRE market data.
The property sits in North Hollywood’s Urban Core where neighborhood occupancy is steady and renter demand is reinforced by a high-cost ownership market. Neighborhood home values trend high versus national norms, and the value-to-income ratio ranks in the top tier nationally, which supports multifamily reliance and helps sustain leasing velocity and retention.
Livability is mixed but investable. Cafes and parks are dense relative to most U.S. neighborhoods (both in the top decile nationally), adding everyday convenience and lifestyle appeal. At the same time, grocery and pharmacy density within the immediate neighborhood are thinner, so residents may rely on a broader trade area for errands. For investors, this amenity mix suggests solid day-to-day vibrancy with selective service gaps that do not typically impair leasing in Urban Core Los Angeles locations.
For schools, average ratings are below national medians, which can modestly limit family-driven demand but typically has less impact on smaller-unit asset performance. Neighborhood occupancy is near the national midpoint, indicating stable absorption rather than overheating. The neighborhood’s renter concentration is high relative to national norms (above the metro median), signaling a deep tenant pool for multifamily product and supporting ongoing occupancy stability.
Within a 3-mile radius, demographics indicate a large and diverse renter pool. Households have grown modestly over the last five years even as average household size edged down, expanding the addressable base for apartments and supporting steady lease-up. Looking ahead to 2028, WDSuite’s forecasts point to further increases in households and incomes in the area, which can underpin demand and pricing for professionally managed rentals.
Vintage matters for positioning: built in 1984, the asset is newer than the neighborhood’s average stock from the 1970s, providing relative competitiveness against older buildings. Investors should still plan for system updates and targeted common-area refreshes to capture value-add upside and align with current renter expectations.
Safety trends are comparatively favorable for Los Angeles. The neighborhood’s overall crime profile ranks competitive among 1,441 metro neighborhoods and sits around the top quartile nationally, indicating a relatively safer position versus many urban peers. Violent incident measures track near national midranges, while property-related incidents have improved sharply year over year, a constructive signal for investor risk assessment.
As always, investors should evaluate property-level security practices and block-by-block conditions, but the directional trends at the neighborhood level suggest stability that can support resident retention and asset performance.
The employment base nearby blends media, entertainment, and corporate services — drivers that support steady renter demand through commute convenience and diversified wage exposure. Notable employers in the trade area include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — corporate offices (2.6 miles)
- Radio Disney — corporate offices (4.7 miles)
- Disney — corporate offices (5.1 miles) — HQ
- Live Nation Entertainment — corporate offices (7.9 miles)
- Avery Dennison — corporate offices (8.4 miles) — HQ
7655 Lankershim Blvd offers a straightforward workforce housing play in an Urban Core setting with durable renter demand. Built in 1984, it is newer than much of the surrounding 1970s-era stock, which can translate into competitive positioning with targeted upgrades. According to CRE market data from WDSuite, neighborhood occupancy sits around the national midpoint while the renter base is larger than the metro median, pointing to depth of demand and stable leasing. Elevated ownership costs in this part of Los Angeles reinforce renter reliance on multifamily housing and can support pricing power for well-managed assets.
Operationally, investors should balance strong demand signals with prudent lease management. Rent-to-income levels in the neighborhood indicate some affordability pressure, so effective renewal strategies and amenity-focused value-add can help sustain retention. The amenity mix is favorable for parks and cafes, though grocery/pharmacy access is thinner within the immediate neighborhood; this typically affects convenience more than occupancy in this submarket profile. Forward-looking 3-mile demographics from WDSuite indicate growth in households and incomes through 2028, which supports a larger tenant base and ongoing absorption.
- Newer 1984 vintage versus neighborhood norms, enabling competitive positioning with targeted CapEx.
- Deep renter-occupied base and steady neighborhood occupancy support leasing stability.
- High-cost ownership market in Los Angeles underpins renter demand and potential pricing power.
- 3-mile outlook shows household and income growth through 2028, expanding the tenant pool.
- Risks: rent-to-income pressure and thinner grocery/pharmacy density warrant careful lease management and amenity strategy.