| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 94th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1236 N Kings Rd, West Hollywood, CA, 90069, US |
| Region / Metro | West Hollywood |
| Year of Construction | 2013 |
| Units | 25 |
| Transaction Date | 2010-11-04 |
| Transaction Price | $825,000 |
| Buyer | TRISTAR HOLDING LLC |
| Seller | BERBERIAN CRAIG H |
1236 N Kings Rd West Hollywood Multifamily Investment
Renter demand is supported by a high renter-occupied housing share and a deep amenity base in an Urban Core location, according to WDSuite’s CRE market data. Elevated ownership costs in the neighborhood further sustain reliance on multifamily housing.
This Urban Core neighborhood scores A+ overall (12th of 1,441 metro neighborhoods), reflecting strong fundamentals for multifamily. Amenity access is a clear differentiator: restaurants and pharmacies rank among the top cohorts nationally, with dense coverage of cafes, groceries, and parks that supports daily convenience and lease retention.
Schools and livability: The average school rating ranks 1st of 1,441 metro neighborhoods and is top quartile nationally, a signal that can aid long-term renter retention for family and household segments. Note that these are neighborhood-level indicators, not property-specific performance.
Renter base and occupancy dynamics: The neighborhood’s renter-occupied housing share is high (above the 95th national percentile), indicating a deep tenant pool for multifamily. By contrast, neighborhood occupancy trends rank below the metro median (1,363rd of 1,441), suggesting operators should plan for active leasing and renewal strategies to stabilize and maintain occupancy.
Demographics within a 3-mile radius: Recent years show a modest population dip alongside essentially flat household counts, pointing to smaller household sizes. Forward-looking projections indicate population growth and a notable increase in households, which implies a larger tenant base and supports occupancy stability for well-positioned assets. Median home values and the value-to-income ratio are high versus national norms, reinforcing rental demand and potential pricing power, while requiring thoughtful lease management to mitigate affordability pressure.
Vintage positioning: Built in 2013, the property is newer than the neighborhood’s average vintage (late 1960s), providing competitive positioning versus older stock; investors should still plan for periodic system updates or selective modernization to maintain standing against newer deliveries.
Safety indicators vary across the metro and should be interpreted in context. At the neighborhood level, crime ranks 1,229th of 1,441 metro neighborhoods, which is below average for the region and aligns with lower national safety percentiles. Violent and property offense percentiles are on the lower end nationally; however, recent data also show a year-over-year decline in estimated property offenses, indicating some improvement momentum. These are neighborhood-level trends, not block-level conditions.
Investors typically account for these dynamics through on-site security, access control, lighting, and resident engagement, and by highlighting proximity to services and transit that support perceived safety and retention.
Nearby employers in entertainment, media, engineering, and energy create a broad white-collar employment base that supports renter demand and lease retention for professionally managed multifamily properties. The list below reflects prominent names within typical commuting distance.
- Live Nation Entertainment — entertainment (1.96 miles) — HQ
- Activision Blizzard Studios — gaming & entertainment (2.35 miles)
- AECOM — engineering & infrastructure (3.46 miles) — HQ
- Radio Disney — media (4.51 miles)
- Occidental Petroleum — energy (4.69 miles) — HQ
1236 N Kings Rd offers exposure to a high-amenity, A+ rated Urban Core neighborhood where renter concentration is strong and ownership costs are elevated relative to national norms. Built in 2013, the asset is competitively positioned against the area’s older housing stock, with potential to capture demand from nearby white-collar employers and households prioritizing convenience and quality. According to CRE market data from WDSuite, neighborhood occupancy ranks below the metro median, suggesting that hands-on leasing and renewals are important to sustain stability, while the neighborhood’s deep renter base and high amenity access underpin demand.
Demographic statistics aggregated within a 3-mile radius point to smaller household sizes recently and forecasts for growth in population and households, which supports a larger tenant base over time. High home values and a high value-to-income ratio in the neighborhood reinforce reliance on multifamily rentals, offering pricing power for well-managed assets, balanced against retention risk that calls for careful lease management and resident experience initiatives.
- Newer 2013 construction relative to local stock, reducing near-term capex vs. older comparables
- High neighborhood renter-occupied share indicates a deep tenant pool supporting demand
- Amenity-rich A+ neighborhood and proximity to major employers support leasing and retention
- Elevated ownership costs bolster multifamily reliance and potential pricing power
- Risks: below-median neighborhood occupancy and safety metrics require active management and resident experience focus