| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 87th | Best |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1032 N Sweetzer Ave, West Hollywood, CA, 90069, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1972 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1032 N Sweetzer Ave West Hollywood Multifamily
High renter concentration and elevated ownership costs in West Hollywood point to a deep tenant base and durable leasing, according to CRE market data from WDSuite. Investors should focus on positioning for retention and pricing discipline as demand skews toward professionally managed units.
West Hollywood’s Urban Core location delivers dense amenities that support tenant retention and lease-up velocity. Neighborhood amenity access sits in the top national percentiles for restaurants and grocery options, and pharmacy availability ranks among the strongest nationwide, creating daily convenience that underpins renter appeal (competitive among Los Angeles-Long Beach-Glendale neighborhoods: amenity rank 14 of 1,441).
Multifamily fundamentals are balanced. Neighborhood occupancy is around the national midpoint, signaling steady absorption without overheated conditions, while net operating income per unit performance is top quartile nationally, indicating proven rent realization in this micro-market (based on WDSuite’s CRE market data). The share of housing units that are renter-occupied is high at the neighborhood level (72.6%), signaling depth in the tenant base and supporting demand for professionally managed apartments.
Vintage context matters for capex planning. The asset’s 1972 construction is slightly newer than the neighborhood’s average vintage of 1966, but it still sits in an older competitive set by national standards. Investors should underwrite continued maintenance, system upgrades, and selective renovations as avenues for value-add and differentiation.
Housing costs indicate a high-cost ownership market. Elevated home values locally tend to sustain rental demand and support pricing power, though a rent-to-income ratio around one-third implies affordability pressure that warrants active lease management and renewal strategies. Within a 3-mile radius, demographic statistics show smaller household sizes and a renter-occupied share near three-quarters, which supports a stable pipeline of apartment demand.
Demand outlook is constructive. Within a 3-mile radius, WDSuite’s data shows recent softness in population but a forecasted increase by 2028 alongside meaningful growth in households. This points to renter pool expansion and a larger tenant base over the medium term, reinforcing the case for occupancy stability with appropriate unit finishes and amenity positioning.
Safety indicators are mixed and should be underwritten thoughtfully. Compared with neighborhoods nationwide, this area trends around the middle of the pack, but within the Los Angeles-Long Beach-Glendale metro it ranks 932 out of 1,441 neighborhoods, indicating safety levels below the metro median. Recent year-over-year improvements show double-digit declines in both violent and property offense rates, suggesting a constructive trend according to WDSuite’s data.
For investors, the takeaway is to pair prudent security measures and resident engagement with the neighborhood’s improving trajectory, and to monitor sub-block variations during due diligence rather than extrapolating metro-wide patterns to a specific asset.
Nearby corporate offices create diverse white-collar employment and convenient commutes, supporting renter demand and retention. The immediate area features entertainment, engineering, and energy employers within a short drive.
- Live Nation Entertainment — entertainment (1.9 miles) — HQ
- Activision Blizzard Studios — entertainment & gaming (2.3 miles)
- AECOM — engineering & infrastructure (3.4 miles) — HQ
- Radio Disney — media (4.7 miles)
- Occidental Petroleum — energy (4.7 miles) — HQ
1032 N Sweetzer Ave combines an A+ neighborhood profile with a renter-driven housing mix and dense amenities that support leasing performance. The property’s 1972 vintage is slightly newer than the local average, suggesting room for targeted upgrades to enhance competitiveness against both renovated legacy stock and newer deliveries. According to CRE market data from WDSuite, neighborhood NOI per unit trends are among the strongest nationally, while occupancy sits near the national midpoint — a pairing that favors disciplined pricing and asset-level execution.
Within a 3-mile radius, forecasts point to growth in households and income alongside smaller average household sizes, expanding the pool of renters seeking professionally managed units. Elevated home values reinforce reliance on multifamily housing, though rent-to-income levels near one-third highlight the need for proactive lease management and renewal strategies. Underwriting should account for ongoing capex, security best practices, and measured rent growth aligned with renter affordability.
- A+ Urban Core location with top-tier amenity access and proven rent realization
- Renter-occupied concentration supports depth of tenant base and leasing stability
- 1972 vintage offers value-add potential via systems, interiors, and common-area upgrades
- Medium-term demand tailwinds from projected household growth within a 3-mile radius
- Risks: safety metrics below metro median and affordability pressure require active asset management