| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 55th | Good |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5718 Hollywood Blvd, Los Angeles, CA, 90028, US |
| Region / Metro | Los Angeles |
| Year of Construction | 2005 |
| Units | 41 |
| Transaction Date | 1997-06-16 |
| Transaction Price | $555,000 |
| Buyer | HOLLYWOOD TOWERS ONE LLC |
| Seller | MAMAN PROPERTIES LLC |
5718 Hollywood Blvd Los Angeles Multifamily Investment
This 41-unit property sits in a renter-dominated market where 83.5% of housing units are renter-occupied within a 3-mile radius. Neighborhood-level occupancy trends reflect broader market dynamics, with elevated home values supporting sustained rental demand according to WDSuite's CRE market data.
This Hollywood neighborhood ranks among the top quartile nationally for amenity density, with exceptional access to grocery stores, restaurants, and childcare facilities that support tenant retention. The area maintains a median household income of $53,201 with projected growth to $107,542 by 2028, indicating expanding renter purchasing power within the 3-mile demographic radius.
Built in 2005, this property offers newer construction compared to the neighborhood average of 1956, positioning it competitively for reduced near-term maintenance costs and stronger tenant appeal. The renter-occupied share of 81.5% ranks in the top 1% nationally, reflecting deep rental market fundamentals that support occupancy stability.
Home values averaging $1.1 million create a significant ownership barrier that reinforces rental demand and sustains renter reliance on multifamily housing. The rent-to-income ratio indicates affordability pressure that requires careful lease management, though the substantial renter pool and projected household growth of 34.6% through 2028 support long-term tenant demand within the 3-mile radius.
The neighborhood demonstrates strong NOI potential with average per-unit performance of $18,156, ranking in the 97th percentile nationally. However, current neighborhood-level occupancy of 85% presents absorption considerations that investors should monitor alongside renewal rate trends and local concession patterns.
Crime metrics place this neighborhood at the 68th percentile nationally, indicating above-average safety conditions compared to neighborhoods nationwide. The area ranks 530th among 1,441 Los Angeles metro neighborhoods for overall crime levels.
Property crime rates have declined significantly by 76.8% year-over-year, ranking in the 97th percentile for improvement trends. Violent crime has similarly decreased by 93.4%, suggesting positive trajectory in neighborhood security conditions that can support tenant retention and leasing stability.
The surrounding employment base centers on entertainment and technology companies that provide workforce housing demand for creative professionals and corporate employees commuting to nearby offices.
- Live Nation Entertainment — entertainment services (1.7 miles)
- Disney — media & entertainment (3.9 miles) — HQ
- Radio Disney — broadcasting (3.9 miles)
- Microsoft — technology (4.9 miles)
- CBRE Group — commercial real estate services (4.9 miles) — HQ
This Hollywood property benefits from exceptional rental market fundamentals, with 83.5% renter occupancy within a 3-mile radius ranking in the top 1% nationally. The 2005 construction vintage provides competitive positioning against the neighborhood's 1956 average, offering reduced capital expenditure needs while maintaining strong tenant appeal. Projected household growth of 34.6% through 2028 within the demographic radius supports expanding tenant demand, though current neighborhood-level occupancy of 85% requires active lease management and competitive positioning.
- Top 1% nationally for renter-occupied housing share supporting rental demand depth
- 2005 construction offers maintenance advantages over 1956 neighborhood average
- 34.6% projected household growth through 2028 expanding tenant base within 3-mile radius
- $1.1M median home values reinforce rental market reliance
- Risk: 85% neighborhood occupancy requires competitive lease management and absorption monitoring