| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 24th | Poor |
| Amenities | 28th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7934 Laurel Canyon Blvd, North Hollywood, CA, 91605, US |
| Region / Metro | North Hollywood |
| Year of Construction | 1983 |
| Units | 23 |
| Transaction Date | 1998-04-09 |
| Transaction Price | $830,000 |
| Buyer | H K REALTY INC |
| Seller | FIRST FEDERAL BANK OF CALIFORNIA |
7934 Laurel Canyon Blvd North Hollywood Multifamily Investment
Renter concentration in the neighborhood supports a stable tenant base, with elevated ownership costs reinforcing reliance on multifamily housing, according to WDSuite’s CRE market data.
This North Hollywood Urban Core location demonstrates durable renter demand. The neighborhood’s share of renter-occupied housing units is above half (53.2%), indicating depth in the tenant pool and potential for steady leasing. Neighborhood occupancy is in the low 90% range (91.7%) and has softened modestly over five years, a manageable backdrop for operators focused on retention and renewal execution.
Livability signals are mixed but investable. Cafe density is top quartile nationally (94th percentile), and parks access is similarly strong (93rd percentile), offering lifestyle advantages for residents. Convenience retail within the immediate neighborhood footprint is thinner (notably fewer grocery and pharmacy options), which can shift daily shopping to adjacent corridors but does not materially diminish renter appeal given regional access across the San Fernando Valley.
The asset’s vintage (built 1983) is newer than the neighborhood’s average construction year (1974). That positioning can help competitiveness versus older stock while still warranting selective system upgrades or common-area refresh to support rent growth and retention.
Within a 3-mile radius, households have been increasing even as population edges down slightly, pointing to smaller household sizes and an expanding pool of renting households. Median home values in the neighborhood are elevated and sit in a high national percentile, which tends to sustain rental demand and support occupancy stability. At the same time, rent-to-income levels are on the higher side for residents, suggesting thoughtful lease management and renewal pricing will matter for retention.
Safety indicators compare favorably to many neighborhoods nationwide. The area sits around the 76th national percentile for overall crime safety, indicating better-than-average conditions compared with U.S. neighborhoods, per WDSuite. Recent year-over-year trends also show notable declines in both violent and property offenses, which, while not a guarantee of future conditions, are constructive signals for renter sentiment and leasing stability.
Proximity to major entertainment and corporate offices underpins workforce housing demand and commute convenience for residents. Key nearby employers include Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Avery Dennison.
- Charter Communications — telecommunications (3.2 miles)
- Radio Disney — media (5.3 miles)
- Disney — media & entertainment (5.7 miles) — HQ
- Live Nation Entertainment — live entertainment offices (8.4 miles)
- Avery Dennison — materials & packaging (9.0 miles) — HQ
The investment case centers on a renter-heavy neighborhood with stable occupancy in the low 90% range and regional employment anchors that sustain leasing velocity. Elevated home values in Los Angeles support continued reliance on multifamily housing, while the 1983 vintage positions the asset ahead of much of the surrounding 1970s-era stock, with scope for targeted value-add to enhance competitiveness. According to CRE market data from WDSuite, households within a 3-mile radius are growing even as average household size trends lower, expanding the local renter pool and supporting long-run demand.
Operators should plan for selective capital to modernize systems and amenities, and calibrate renewals carefully given higher rent-to-income levels. Balanced against strong nearby employers and lifestyle amenities (notably cafes and parks), the tenancy outlook remains constructive for long-term hold strategies.
- Renter concentration (53%+) and low-90% neighborhood occupancy support demand depth and leasing stability.
- 1983 construction offers competitive positioning versus older local stock, with targeted value-add potential.
- Strong proximity to entertainment and corporate employers underpins workforce renter demand.
- Elevated home values reinforce reliance on rentals, supporting pricing power when paired with amenity upgrades.
- Risks: thinner convenience retail within the neighborhood footprint, below-average school ratings, and higher rent-to-income ratios require attentive lease management.