| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 94th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1011 Palm Ave, West Hollywood, CA, 90069, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1972 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1011 Palm Ave West Hollywood Multifamily Opportunity
Positioned in an Urban Core pocket of West Hollywood with a deep renter base and strong neighborhood fundamentals, the asset benefits from sustained demand drivers and high-cost ownership alternatives. Based on CRE market data from WDSuite, investor focus here centers on renter-occupied concentration and amenity density that support leasing durability.
The property sits in an A+–rated West Hollywood neighborhood ranked 12 out of 1,441 across the Los Angeles metro—competitive among Los Angeles-Long Beach-Glendale neighborhoods. Amenity access is a clear strength: restaurants and pharmacies are at the 100th national percentile, parks and groceries are in the mid-to-upper 90s, and cafes are also near the top of national peers. For investors, this density underpins resident convenience and helps sustain renter appeal.
Neighborhood housing dynamics skew rental: approximately 62.4% of housing units are renter-occupied, indicating a broad tenant base and ongoing multifamily demand. Median contract rents for the neighborhood sit near the top decile nationally, while median home values are also elevated, which can reinforce reliance on multifamily rentals and support pricing power and retention strategies in professionally managed assets.
Construction vintage in the immediate area averages 1969; the subject’s 1972 delivery is slightly newer than neighborhood stock. That positioning can be competitively useful versus older buildings, though investors should still plan for system upgrades and modernization to sustain rent positioning and control long-term capital needs.
Within a 3-mile radius, household incomes skew high and renter households are prevalent. While population counts softened over the last five years, WDSuite’s projections indicate growth in both population and households ahead, alongside slightly smaller average household sizes—factors that typically expand the renter pool and support occupancy stability. Neighborhood occupancy levels currently track below the metro average, so leasing execution and targeted unit turns remain important to capture demand.
Schools near the neighborhood benchmark strongly (average rating among the top percentile nationally). For multifamily investors, high-performing schools and dense amenities together bolster neighborhood livability—useful for minimizing resident turnover in high-rent submarkets.
Safety indicators for this neighborhood trend weaker than national norms, with both violent and property offenses elevated versus the typical U.S. neighborhood. Relative to Los Angeles metro peers (1,441 neighborhoods), this area sits below the metro average on safety; however, WDSuite data shows property crime has improved year over year, indicating some recent momentum.
Investors often address this through property-level measures (access control, lighting, and onsite management) and by emphasizing the neighborhood’s amenity advantages when positioning the asset. Always consider current, property-specific security practices during diligence, as block-level conditions can vary within urban cores.
Nearby employers in entertainment, engineering, and energy provide a diversified white-collar employment base that supports renter demand and commute convenience for residents. The list below highlights Live Nation Entertainment, Activision Blizzard Studios, AECOM, Occidental Petroleum, and Radio Disney by proximity.
- Live Nation Entertainment — entertainment (1.39 miles) — HQ
- Activision Blizzard Studios — media & gaming (1.82 miles)
- AECOM — engineering & infrastructure (2.88 miles) — HQ
- Occidental Petroleum — energy (4.05 miles) — HQ
- Radio Disney — media (4.96 miles)
1011 Palm Ave offers scale at 49 units in a West Hollywood micro-location that ranks among the metro’s strongest for amenity access and income depth. Elevated neighborhood home values and a renter-occupied majority point to durable multifamily demand and retention potential, while recent occupancy readings below metro averages suggest that active leasing and thoughtful unit positioning remain important. According to CRE market data from WDSuite, the neighborhood’s top-tier amenity profile and high-income households help support long-run rent levels despite near-term execution needs.
Built in 1972—slightly newer than surrounding stock—the asset can compete effectively with older buildings, though investors should anticipate targeted modernization and systems planning to preserve competitiveness in a high-rent environment. Forward-looking demographics within 3 miles indicate growth in population and households with smaller household sizes, which generally expands the renter pool and supports occupancy stability over time.
- Amenity-rich A+ neighborhood with top-percentile restaurants, groceries, parks, and pharmacies supporting leasing durability.
- Renter-occupied majority and elevated ownership costs reinforce depth of multifamily demand and pricing power.
- 1972 vintage offers a slight age advantage over area stock with value-add via selective modernization.
- 3-mile outlook points to growth in population and households, expanding the tenant base over time.
- Risk: Neighborhood safety metrics and below-metro occupancy call for strong management, security, and leasing strategy.