| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 80th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1115 N Fuller Ave, West Hollywood, CA, 90046, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1982 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1115 N Fuller Ave West Hollywood Multifamily Opportunity
Located in an Urban Core area with a high share of renter-occupied units (about 77% of housing), the asset benefits from a deep tenant base; neighborhood occupancy is reported at 89.5% — a neighborhood-level metric — according to CRE market data from WDSuite.
West Hollywood offers investor-friendly fundamentals with amenity density that ranks among the best locally and nationally. The neighborhood is 38 out of 1,441 in the Los Angeles metro (top-tier locally), and amenity access is top quartile nationally — restaurants and grocery options are near the 99th percentile, pharmacies approach the 100th percentile, and cafes and childcare also score well. This walkable services mix supports leasing velocity and resident retention.
Construction vintage nearby averages 1968, while this property was built in 1982. Being newer than much of the surrounding stock can enhance competitive positioning versus older buildings, though investors should still plan for selective modernization and system updates typical of early-1980s assets.
Within a 3-mile radius, demographics skew toward smaller households and higher educational attainment, forming a sizable professional renter base. Looking ahead to 2028, forecasts indicate population growth and a notable increase in households, pointing to renter pool expansion and supporting occupancy stability. Median contract rents and household incomes have trended higher in recent years, according to WDSuite’s CRE market data, helping underpin collections.
Ownership is a high-cost proposition locally (home values and value-to-income ratios rank among the highest nationally), which tends to sustain reliance on multifamily housing and can support pricing power. At the same time, a rent-to-income ratio near 0.30 signals some affordability pressure — a consideration for renewals and lease management.
Area safety indicators are mixed but generally competitive for Los Angeles. The neighborhood ranks competitively within the metro (550 out of 1,441), and overall safety sits above the national median (around the 67th percentile). Property and violent offense measures track closer to the national middle, but both show sharp year-over-year improvement, supporting a constructive outlook if trends continue. These are area-level indicators, and conditions can vary within sub-areas.
A concentration of nearby entertainment, engineering, and energy employers supports workforce housing demand and commute convenience. Notable anchors include Live Nation Entertainment, Activision Blizzard Studios, AECOM, Disney, and Occidental Petroleum.
- Live Nation Entertainment — entertainment (0.78 miles)
- Activision Blizzard Studios — video game/film (3.28 miles)
- AECOM — engineering & infrastructure (4.42 miles) — HQ
- Disney — media & entertainment (4.74 miles) — HQ
- Occidental Petroleum — energy (5.79 miles) — HQ
1115 N Fuller Ave is a 39-unit, early-1980s asset in a top-tier Los Angeles neighborhood for amenities and renter depth. The area’s high renter concentration and exceptional access to restaurants, groceries, and pharmacies support leasing resilience. Elevated ownership costs reinforce reliance on multifamily housing, while neighborhood occupancy — though modestly softer than five years ago — still supports stable operations. According to CRE market data from WDSuite, local incomes and asking rents have generally trended upward, reinforcing revenue durability.
The 1982 vintage is newer than much of the surrounding stock (1960s average), providing relative competitiveness versus older assets while leaving room for targeted value-add through modernization and system upgrades. Nearby anchor employers in entertainment and professional services broaden the tenant base and can aid retention.
- High renter concentration and strong amenity density support durable demand and leasing velocity.
- Newer-than-neighborhood vintage (1982) with value-add potential via selective renovations and system updates.
- Elevated ownership costs locally reinforce reliance on rentals, aiding pricing power and retention.
- Risks: affordability pressure (rent-to-income near 0.30) and recently softer neighborhood occupancy warrant active lease management.