| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Poor |
| Demographics | 31st | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7660 Lankershim Blvd, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1979 |
| Units | 73 |
| Transaction Date | 2011-03-11 |
| Transaction Price | $9,100,000 |
| Buyer | HOLLYWOOD GRAND TOWER LLC |
| Seller | WEST COAST INVESTMENTS |
7660 Lankershim Blvd North Hollywood Multifamily Investment
Positioned in a high-cost ownership pocket of Los Angeles County, the asset benefits from durable renter demand and proximity to major employment nodes, according to WDSuite’s CRE market data. Neighborhood-level occupancy and amenity patterns suggest a workforce renter base with steady leasing potential.
Located in North Hollywood’s inner suburban fabric, the property sits in a renter-heavy context where neighborhood statistics indicate a meaningful renter-occupied share, supporting a deeper tenant base and steadier leasing. While neighborhood occupancy is measured at the neighborhood level (not the property), recent readings have trailed stronger Los Angeles sub-areas, so active leasing and renewals remain important to drive stability, based on CRE market data from WDSuite.
Amenity access skews practical over lifestyle: grocery availability ranks competitive among 1,441 Los Angeles metro neighborhoods, while cafes, parks, and pharmacies are comparatively limited. This mix caters to everyday needs and workforce renters, though it may require owners to emphasize on-site features and service to differentiate.
Schools around the area trend below national averages, which can temper appeal for some family renters; however, commute-oriented demand and access to employment centers help sustain occupancy. Compared with the broader metro, the neighborhood rates above the median on essentials like groceries and restaurants, but falls short on recreation-oriented amenities.
Three-mile demographic data show stable-to-improving fundamentals for multifamily: households are projected to increase alongside a modest reduction in household size, effectively expanding the renter pool over the next five years. Rising median incomes within the 3-mile radius, paired with a high-cost ownership market locally, support pricing power and retention for well-managed assets, while keeping an eye on rent-to-income to manage renewal risk.
Neighborhood-level safety indicators benchmark favorably: the area is competitive among Los Angeles neighborhoods (247 out of 1,441) and sits in a high national safety percentile, indicating comparatively lower crime versus many neighborhoods nationwide. Year-over-year trends also point to a notable decline in both property and violent offenses, which supports tenant retention and leasing confidence.
As always, crime can vary by block and time of day, and investors should verify on-the-ground patterns. The directional metrics offer constructive context but should be paired with property-level security, lighting, and access controls as part of standard risk management.
Proximity to major media and corporate employers underpins workforce demand and commute convenience for renters, including Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — telecom & media (2.6 miles)
- Radio Disney — children’s media (4.7 miles)
- Disney — entertainment & studios (5.1 miles) — HQ
- Live Nation Entertainment — live events promoter (7.9 miles)
- Avery Dennison — labels & materials (8.3 miles) — HQ
7660 Lankershim Blvd is a 1979 vintage, 73-unit multifamily asset positioned within a renter-driven pocket of North Hollywood. The building’s vintage is newer than the neighborhood’s older housing stock, offering relative competitiveness against pre-1960 assets while still warranting selective systems modernization and common-area updates for value-add potential. According to CRE market data from WDSuite, the surrounding neighborhood shows strong grocery access but fewer lifestyle amenities, aligning with workforce renters who value employment proximity and everyday convenience.
Three-mile demographics point to an expanding household base and rising incomes over the forecast period, supporting renter pool expansion and rent growth prospects. The local ownership market is high-cost relative to incomes, which tends to reinforce reliance on multifamily housing and supports occupancy durability for well-operated assets; at the same time, owners should monitor rent-to-income levels to manage renewal risk and concessions.
- Renter-heavy location near major employers supports tenant demand and leasing stability.
- 1979 vintage is newer than much of the surrounding stock, with clear value-add and systems-upgrade pathways.
- Three-mile outlook shows household growth and income gains, expanding the renter pool over time.
- High-cost ownership market reinforces multifamily demand and can support pricing power for competitive units.
- Risks: neighborhood occupancy trails stronger LA sub-areas and schools rate below average, requiring proactive leasing and retention strategy.