| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Poor |
| Demographics | 65th | Good |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 155 N Crescent Dr, Beverly Hills, CA, 90210, US |
| Region / Metro | Beverly Hills |
| Year of Construction | 2005 |
| Units | 88 |
| Transaction Date | 2010-08-23 |
| Transaction Price | $58,000,000 |
| Buyer | 155 N CRESCENT DRIVE HOLDINGS LLC |
| Seller | WILSHIRE CRESCENT PROPERTIES LLC |
155 N Crescent Dr Beverly Hills Multifamily Investment
Prime Beverly Hills address with deep lifestyle amenities suggests durable renter demand, while neighborhood occupancy trends should be underwritten conservatively according to WDSuite’s CRE market data.
Beverly Hills’ core offers exceptional daily convenience for residents. The neighborhood ranks among the top quartile nationally for amenities, with dense clusters of restaurants, cafes, groceries, pharmacies, and parks within close reach. For investors, that concentration of services supports leasing velocity and renewal potential, especially for larger floor plans and higher-end product.
The property’s 2005 vintage is newer than the neighborhood’s average construction year of 1970. Newer buildings in this submarket tend to compete well against older stock; investors should still plan for mid-life system upgrades and select modernization to sustain positioning versus luxury peer properties.
Within a 3-mile radius, approximately two-thirds of housing units are renter-occupied, indicating a sizable tenant base that can support multifamily absorption and occupancy stability. Median home values in the immediate neighborhood are elevated relative to national norms, which generally sustains reliance on multifamily rentals and can reinforce pricing power when supported by product quality and service.
Neighborhood-level occupancy is currently soft relative to many metro peers, so underwriting should account for competitive concessions and longer marketing times in weaker months. However, forward demographic projections within 3 miles indicate population and household expansion over the next five years, which can enlarge the renter pool and support stabilization efforts for well-amenitized assets.
Safety metrics for the neighborhood trail national percentiles, indicating a comparatively higher incidence of both property and violent offenses versus many U.S. neighborhoods. In the Los Angeles-Long Beach-Glendale metro context (1,441 neighborhoods), the area ranks toward the weaker end on crime, so investors should incorporate prudent security measures and realistic operating assumptions.
On a positive note, WDSuite’s CRE market data shows a year-over-year decline in estimated property offenses locally, suggesting recent improvement. Asset-level strategies such as access control, lighting, and concierge/security presence can help support resident retention and mitigate risk, especially for higher-finish communities.
Nearby corporate offices provide a strong white-collar employment base and short commutes that can support renter demand and renewal rates, including entertainment and engineering anchors such as Activision Blizzard Studios, Live Nation Entertainment, AECOM, Occidental Petroleum, and Activision Blizzard.
- Activision Blizzard Studios — entertainment (0.2 miles)
- Live Nation Entertainment — entertainment (0.5 miles) — HQ
- AECOM — engineering & infrastructure (1.3 miles) — HQ
- Occidental Petroleum — energy (2.8 miles) — HQ
- Activision Blizzard — entertainment (4.6 miles) — HQ
155 N Crescent Dr combines a Beverly Hills location with a 2005 vintage across 88 units, positioning the asset competitively against older neighborhood stock. Elevated ownership costs locally and abundant lifestyle amenities support renter preference for high-quality multifamily; within a 3-mile radius, about 65% of housing units are renter-occupied, indicating a deep tenant base. According to CRE market data from WDSuite, neighborhood occupancy trends are softer, so leasing assumptions should be calibrated, but larger average unit sizes here can underpin premium positioning when paired with service and finishes.
Forward-looking demographics within 3 miles point to growth in both population and households over the next five years, which can expand the renter pool and support occupancy stabilization and rent performance for well-managed assets. Investors should plan for mid-life capital items consistent with a 2005 construction year while leveraging proximity to major employers and amenities to drive renewals.
- Beverly Hills location with dense amenity access supports leasing and retention
- 2005 construction offers competitive positioning versus older neighborhood stock
- Deep renter base within 3 miles and elevated ownership costs reinforce multifamily demand
- Forecast growth in local population and households expands the tenant pool
- Risk: neighborhood safety and softer occupancy require conservative underwriting and active management