| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 94th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1136 Larrabee St, West Hollywood, CA, 90069, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1977 |
| Units | 82 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1136 Larrabee St West Hollywood Multifamily Investment
Renter demand is supported by a high-cost ownership market and strong amenity density in the surrounding neighborhood, according to WDSuite s CRE market data. Neighborhood-level occupancy can fluctuate, so leasing performance often hinges on unit finishes and competitive positioning rather than blanket market tailwinds.
Situated in West Hollywood an Urban Core setting ranked 12 out of 1,441 Los Angeles metro neighborhoods the location combines lifestyle access with deep renter pools. Amenity density is a clear strength: restaurants and pharmacies sit in the 100th national percentile, cafes and grocery options are also near the top nationally, and parks are in the mid-to-high 90s. These neighborhood-level dynamics help support leasing velocity and day-to-day livability for residents.
Neighborhood home values are elevated (median near the 98th national percentile), which signals a high-cost ownership market that tends to sustain reliance on multifamily rentals and can support pricing power when operations are well-executed. Median contract rents at the neighborhood level are also in an upper national percentile, but rent-to-income readings imply some room for disciplined revenue management rather than acute retention risk.
For this 82-unit asset built in 1977, the vintage is newer than the neighborhood s average construction year. That positioning can be competitive versus older housing stock, while still leaving room for selective modernization of systems and interiors to capture value-add upside and support renewal conversion.
Within a 3-mile radius, 71% of housing units are renter-occupied, indicating a sizable renter-occupied base that supports demand depth for multifamily. Three-mile demographics skew toward smaller households and higher incomes, and WDSuite s projections point to an increase in households by 2028 even as average household size edges lower a combination that typically expands the renter pool and supports occupancy stability. Neighborhood schools rate at the top of national peers, which can broaden appeal to a segment of family renters despite smaller average household sizes locally.
Safety indicators at the neighborhood level track weaker than many Los Angeles peers, placing the area below the metro median (crime rank 1,229 out of 1,441 neighborhoods). Compared with neighborhoods nationwide, recent readings fall in lower percentiles, signaling comparatively higher crime exposure. Investors typically account for this with enhanced property-level security, resident screening, and operating practices calibrated to urban-core locations.
On trends, WDSuite s CRE market data shows estimated property offenses have declined year over year in the neighborhood, an encouraging directional shift. Even so, underwriting should incorporate conservative assumptions around insurance costs, security measures, and potential marketing/leasing spend to maintain competitive positioning.
The surrounding employment base blends entertainment, media, energy, and engineering firms, supporting workforce housing demand and convenient commutes for professionals working nearby. The list below reflects key employers proximate to the property referenced in the analysis.
- Live Nation Entertainment entertainment (1.5 miles) HQ
- Activision Blizzard Studios video games (1.9 miles)
- AECOM engineering & infrastructure (3.0 miles) HQ
- Occidental Petroleum energy (4.1 miles) HQ
- Disney media & entertainment (5.6 miles) HQ
1136 Larrabee St offers scale at 82 units in a Los Angeles Urban Core neighborhood where elevated home values and strong amenity access underpin renter demand. Based on commercial real estate analysis sourced from WDSuite, neighborhood rents and incomes skew high, and the property s 1977 vintage is newer than the local average supporting competitive positioning versus older stock while preserving value-add potential through targeted renovations.
Investor focus should be on capturing demand from a large renter-occupied base within 3 miles, leveraging proximity to major employers, and using thoughtful capex to differentiate finishes and operations. Neighborhood-level occupancy readings suggest leasing can be competitive at times, and safety metrics are weaker than many metro peers, so underwriting should reflect prudent concessions, security planning, and marketing spend.
- High-cost ownership market and amenity-rich setting support pricing power when operations are executed well.
- 1977 vintage newer than area average, with room for targeted value-add to drive NOI.
- Large renter-occupied base within 3 miles and proximity to major employers support demand depth and retention.
- Underwrite for urban-core risks: below-metro-median safety metrics, potential leasing competition, and higher operating controls.