| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 94th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1131 N La Cienega Blvd, West Hollywood, CA, 90069, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1990 |
| Units | 42 |
| Transaction Date | 2025-10-13 |
| Transaction Price | $23,000,000 |
| Buyer | REGENT TERRACES TIC LLC |
| Seller | TERRACES 1121 LLC |
1131 N La Cienega Blvd West Hollywood Multifamily
Renter demand is reinforced by a high renter-occupied housing base in the neighborhood and a high-cost ownership market, according to WDSuite’s CRE market data, while neighborhood occupancy trends warrant active lease management. These signals point to durable positioning in an Urban Core location with strong amenity access.
West Hollywood’s Urban Core location delivers dense amenities, dining, and services that support leasing velocity. Amenity access ranks competitively among 1,441 Los Angeles-Long Beach-Glendale neighborhoods and sits in the top quartile nationally, with restaurants, cafes, groceries, parks, and pharmacies concentrated at levels associated with strong renter convenience. Average school ratings are also top quartile among metro peers and in the top percentile nationally, which can aid household retention.
The neighborhood shows a high share of renter-occupied housing units (above metro median and top quartile nationally), signaling depth in the tenant base and potential resilience for multifamily assets. At the same time, the neighborhood’s occupancy rate is below the metro median and has trended softer in recent years, indicating the need for proactive leasing strategy and renewal management to maintain stability at the property level.
Within a 3-mile radius, demographics indicate a small-household, higher-income renter pool. Household incomes are strong and have risen over the last five years, and rents have increased with further gains projected, supporting achievable pricing power where unit finishes and operations are competitive. While population and households contracted modestly in the prior five-year period, forecasts call for growth in population and households over the next five years, implying a larger tenant base and steady absorption potential for well-located assets.
Home values in the neighborhood are elevated relative to national benchmarks, reinforcing reliance on multifamily housing and supporting lease retention. The property’s 1990 vintage is newer than the neighborhood’s older average stock, providing relative competitiveness versus mid-century buildings; investors should still plan for system updates and targeted modernization to meet current renter expectations and sustain occupancy.
Safety outcomes in this Urban Core area trend below national averages, with violent and property offense rates positioned in the lower national percentiles compared with neighborhoods nationwide. For context, this is a comparative neighborhood view rather than a block-level assessment.
Recent trends show a notable year-over-year decline in estimated property offenses, which is a constructive directional signal. Investors should incorporate these dynamics into underwriting via security programming, insurance assumptions, and resident experience measures, while monitoring how the neighborhood compares to the broader Los Angeles metro over time.
The surrounding employment base includes entertainment, engineering, and energy headquarters and offices that support a commuter-friendly renter pool and bolster weekday demand. Nearby employers include Live Nation Entertainment, Activision Blizzard Studios, AECOM, Occidental Petroleum, and Disney.
- Live Nation Entertainment — entertainment (1.7 miles) — HQ
- Activision Blizzard Studios — entertainment & gaming (2.1 miles)
- AECOM — engineering & design (3.2 miles) — HQ
- Occidental Petroleum — energy (4.4 miles) — HQ
- Disney — media & entertainment (5.4 miles) — HQ
1131 N La Cienega Blvd benefits from a high-amenity Urban Core setting and a renter-heavy housing base that supports depth of demand. Elevated neighborhood home values underpin reliance on rental housing, while strong household incomes within a 3-mile radius provide capacity to support rent levels where unit quality and operations are competitive. Based on CRE market data from WDSuite, neighborhood occupancy is below the metro median, suggesting value in rigorous leasing and renewal execution to sustain stability.
The 1990 construction is newer than much of the local housing stock, positioning the asset competitively against older buildings; targeted modernization and building system planning can capture rent premiums and support retention. Forward-looking demographic projections within 3 miles indicate growth in population and households, expanding the tenant base and supporting long-term absorption for multifamily.
- Urban Core location with top-tier amenities and services supporting renter convenience and leasing velocity
- High renter-occupied housing share and elevated ownership costs reinforce depth of demand and lease retention
- 1990 vintage offers competitive positioning versus older neighborhood stock, with value-add via targeted modernization
- 3-mile outlook shows growth in population and households, expanding the renter pool and supporting absorption
- Risk: neighborhood occupancy trends and below-average safety metrics call for careful leasing, security, and expense underwriting