| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 91st | Best |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 125 N Doheny Dr, West Hollywood, CA, 90048, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1986 |
| Units | 35 |
| Transaction Date | 2018-02-06 |
| Transaction Price | $20,000,000 |
| Buyer | Confidential |
| Seller | Fingold Solomon, Private Investor, Solomon Fingold, PrCiaces/hu Enqitu aivnadle /nstf |
125 N Doheny Dr West Hollywood Multifamily Opportunity
Positioned in an Urban Core pocket with dense amenities and a high renter-occupied presence at the neighborhood level, the asset benefits from steady leasing drivers, according to WDSuite s CRE market data.
West Hollywood s Urban Core setting supports multifamily demand through proximity to dining and daily needs. Neighborhood measures rank competitive nationally for restaurants and cafes (both near the top decile), with grocery options also well represented. Park and pharmacy access within the immediate neighborhood footprint is limited, so residents typically rely on nearby submarkets for those needs.
The neighborhood shows a high share of renter-occupied housing units (above the metro median), indicating a deep tenant base for multifamily. By contrast, the neighborhood s occupancy metric trends below many Los Angeles-Long Beach-Glendale submarkets, which suggests lease-up and retention require active management and differentiated positioning; this is a neighborhood-level measure, not the property s occupancy.
Within a 3-mile radius, demographics indicate strong incomes and a sizable professional renter pool, with projections calling for household growth by 2028. This expansion, alongside smaller average household sizes, points to more single- and couple-tenant demand that can support steady absorption.
Ownership costs are elevated for the neighborhood relative to national benchmarks, which tends to reinforce reliance on rental housing and can support pricing power for well-amenitized units. Recent rent trends have moderated at the neighborhood level, so underwriting should weigh current concessions and renewal behavior against long-run location fundamentals.
Neighborhood safety indicators sit around national midrange overall, with violent-offense exposure near national averages and recent improvements in year-over-year violent-offense trends. Compared with the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), the area does not rank among the top quartile, so investors should consider standard security measures and lighting as part of operating plans.
Property-related incidents track less favorably than national medians, while recent momentum in violent-offense trends shows improvement. For underwriting, frame expectations using submarket comps and recent trend data rather than block-level assumptions.
Proximity to entertainment, engineering, and energy employers supports a deep white-collar renter base and commute convenience that can aid retention and weekday occupancy. The employers below reflect nearby corporate offices and headquarters that draw talent to the area.
- Live Nation Entertainment entertainment offices (0.3 miles)
- Live Nation Entertainment entertainment offices (0.5 miles) HQ
- Activision Blizzard Studios gaming & media (0.8 miles)
- AECOM engineering & infrastructure (1.9 miles) HQ
- Occidental Petroleum energy (3.3 miles) HQ
This West Hollywood asset offers exposure to an amenity-rich Urban Core location with a large renter-occupied housing base and strong professional employment nearby. Neighborhood rents sit on the higher end relative to national norms while recent rent momentum has been more measured, pointing to the need for disciplined pricing and focus on renewals. Based on commercial real estate analysis from WDSuite, neighborhood-level occupancy runs below many LA submarkets, but high-income households and projected household growth within a 3-mile radius support a durable tenant base over the medium term.
Elevated ownership costs in the neighborhood sustain reliance on rental options, which can underpin leasing velocity for well-positioned units. Underwriting should account for affordability pressure in renewals (given higher rent-to-income ratios at the neighborhood level) while leaning on amenity access and employer proximity to support retention.
- Urban Core location with dense dining and grocery access supporting daily convenience
- High renter-occupied share at the neighborhood level signals depth of tenant demand
- Proximity to entertainment, engineering, and energy employers supports leasing stability
- Elevated ownership costs locally reinforce rental demand and pricing power for quality units
- Risk: neighborhood occupancy trends and rent-to-income pressure warrant conservative renewals and concessions planning