| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 94th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1200 N Olive Dr, West Hollywood, CA, 90069, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1973 |
| Units | 41 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1200 N Olive Dr, West Hollywood Multifamily Investment
Renter demand is reinforced by a high-cost ownership market and a deep renter-occupied base in the immediate area, according to CRE market data from WDSuite. Neighborhood occupancy has trended below metro norms, so underwriting should emphasize leasing management and retention.
West Hollywood 9s Urban Core setting offers dense amenities and daily convenience that support renter appeal. The neighborhood ranks 12 out of 1,441 Los Angeles metro neighborhoods (A+ rating), indicating competitive positioning at the metro level, with national amenity measures in the top quartile. Caf e9s, restaurants, parks, pharmacies, and groceries score in very high national percentiles, signaling walkable access and lifestyle differentiation that can aid leasing.
Schools in the surrounding area benchmark strongly at the neighborhood level, with average ratings in the top national percentile, which can support longer tenancy for select renter cohorts. Median contract rents in the neighborhood sit well above national norms while the renter-occupied share is high, indicating a deep tenant pool; these metrics are measured for the neighborhood and not the property.
Construction vintage averages late-1960s locally; this asset a0(1973) is somewhat newer than the neighborhood average, which can help competitive positioning versus older stock, though system modernization may still be prudent to maintain performance. Neighborhood occupancy is below the metro median, suggesting some leasing volatility; investors may want to focus on marketing, renewals, and unit differentiation to stabilize.
Within a 3-mile radius, demographics show smaller average household sizes and a high share of renter-occupied units, reinforcing multifamily demand depth. Recent population softness is projected to shift toward growth alongside an increase in households, expanding the local renter pool and supporting occupancy stability over a multiyear horizon based on WDSuite 9s CRE market data.
Safety conditions should be evaluated in a metro and neighborhood context rather than at the property level. This neighborhood 9s crime profile ranks 1,229 out of 1,441 Los Angeles metro neighborhoods, placing it below the metro median and in lower national percentiles for safety. Investors may want to reflect this in operating plans (lighting, access control, and partnership with professional management).
Recent neighborhood data indicate that property offense rates have declined year over year, which is a constructive trend, though violent and property offense levels remain elevated relative to national benchmarks. Comparisons are to neighborhoods nationwide and to the 1,441-neighborhood Los Angeles metro set.
The immediate area draws on a diversified employment base in entertainment, engineering, media, and energy, supporting commute-friendly renter demand and lease retention. Notable nearby employers include Live Nation Entertainment, Activision Blizzard Studios, AECOM, Radio Disney, and Occidental Petroleum.
- Live Nation Entertainment d entertainment (1.9 miles) d HQ
- Activision Blizzard Studios d video game production (2.3 miles)
- AECOM d engineering (3.4 miles) d HQ
- Radio Disney d media (4.6 miles)
- Occidental Petroleum d energy (4.6 miles) d HQ
1200 N Olive Dr is a 41-unit, 1973 multifamily asset positioned in West Hollywood 9s amenity-rich Urban Core. Elevated neighborhood home values and value-to-income ratios signal a high-cost ownership market, which tends to sustain reliance on rental housing and support pricing power when paired with effective lease management. The asset 9s vintage is somewhat newer than the neighborhood average, offering competitive positioning versus older stock while leaving room for targeted modernization to enhance rents and retention.
Neighborhood-level indicators point to strong renter depth: renter-occupied share is high locally and within the 3-mile radius, and amenity access is top-tier nationally. While neighborhood occupancy benchmarks below the metro median, forward projections within 3 miles indicate growth in households and incomes, implying a larger tenant base over the medium term. According to CRE market data from WDSuite, the area ranks in top national percentiles for amenities and neighborhood operating performance, which can help offset leasing variability with demand-side advantages.
- Amenity-dense Urban Core location supports absorption and renewals.
- High-cost ownership market reinforces reliance on multifamily rentals and pricing power.
- 1973 vintage offers value-add potential via targeted modernization versus older local stock.
- Diversified nearby employment base underpins commute convenience and leasing stability.
- Risks: below-metro neighborhood occupancy and elevated crime levels require active leasing and property management.