| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 64th | Good |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1145 N La Brea Ave, West Hollywood, CA, 90038, US |
| Region / Metro | West Hollywood |
| Year of Construction | 2013 |
| Units | 32 |
| Transaction Date | 1997-08-22 |
| Transaction Price | $290,500 |
| Buyer | LEPEJIAN BARET |
| Seller | ASBURY HAROLD |
1145 N La Brea Ave West Hollywood 32-Unit Investment
Newer construction in an Urban Core pocket with a high share of renter-occupied housing supports leasing durability, according to WDSuite’s CRE market data. Neighborhood fundamentals point to steady renter demand relative to ownership alternatives.
The property’s neighborhood carries an A- rating and ranks 327 of 1,441 Los Angeles–area neighborhoods, placing it in the top quartile locally for overall livability. Grocery, pharmacy, and restaurant density is among the strongest in the metro, offering daily convenience and supporting renter appeal, while parks and cafes are more limited within the immediate area.
Built in 2013, the asset is materially newer than the neighborhood’s average 1963 construction profile. Newer vintage positioning can enhance competitiveness versus older stock and reduce near-term capital needs, though investors should still plan for selective modernization as systems age over the hold.
Renter concentration is high at the neighborhood level (share of units that are renter-occupied), indicating a deep tenant base for multifamily. Neighborhood occupancy sits near the national midpoint, suggesting stable but competitive leasing conditions where product quality, management, and pricing discipline matter.
Within a 3-mile radius, recent years show smaller household sizes and modest household growth, with projections for population and household increases over the next five years, pointing to a larger tenant base and potential renter pool expansion. Elevated home values relative to incomes in this submarket indicate a high-cost ownership landscape, which typically sustains reliance on rental housing and can support pricing power when product is well-positioned.
Safety indicators are mixed in a metro and national context. The neighborhood’s crime positioning sits around the middle of Los Angeles (ranked 788 among 1,441 metro neighborhoods), while national comparisons indicate below-median safety levels. Importantly, both property and violent offense rates have declined year over year, an improving trend investors can monitor as part of underwriting and retention planning.
Proximity to major entertainment and infrastructure employers underpins renter demand and commute convenience for residents, with a concentration of jobs within a short drive including Live Nation Entertainment, Activision Blizzard Studios, Radio Disney, Disney, and AECOM.
- Live Nation Entertainment — entertainment (0.6 miles)
- Activision Blizzard Studios — media & gaming (3.6 miles)
- Radio Disney — media (4.2 miles)
- Disney — media & entertainment (4.6 miles) — HQ
- AECOM — engineering & infrastructure (4.8 miles) — HQ
This 32-unit, 2013-vintage asset benefits from a high-renter neighborhood in West Hollywood’s Urban Core, where daily-needs amenities and a concentration of entertainment and infrastructure employers support depth of demand. Based on commercial real estate analysis from WDSuite, neighborhood occupancy trends are near the national midpoint, while ownership remains costly relative to incomes—factors that tend to reinforce renter reliance when product quality is competitive.
Forward-looking demographics within a 3-mile radius signal a larger tenant base over the next five years alongside smaller average household sizes, favoring studios and one-bedrooms. The property’s newer construction compared with the neighborhood’s older housing stock supports relative positioning and reduces near-term capital exposure, though targeted upgrades can enhance returns and leasing velocity.
- Newer 2013 vintage versus older neighborhood stock enhances competitive positioning and reduces immediate CapEx exposure.
- High share of renter-occupied units in the neighborhood supports depth of demand and occupancy stability.
- Close to major employers in entertainment and infrastructure, supporting leasing and retention.
- High-cost ownership market tends to sustain rental demand and pricing power for well-managed assets.
- Risks: mixed safety metrics (improving trend) and below-average school ratings may temper appeal for some family households; maintain prudent lease management and underwriting.