| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 87th | Best |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1260 N Harper Ave, West Hollywood, CA, 90046, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1993 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1260 N Harper Ave West Hollywood Multifamily Investment
Positioned in an urban core pocket with exceptional amenity access and a deep renter base, this asset offers durable demand and pricing power, according to WDSuite’s CRE market data. Neighborhood occupancy sits near the national median, suggesting steady leasing with upside from location-driven retention.
West Hollywood’s Urban Core dynamic underpins investor appeal. The neighborhood ranks among the top tier of 1,441 Los Angeles metro neighborhoods (A+ rating), with amenities scoring in the top percentiles nationally (cafes, restaurants, groceries, and pharmacies). This concentration of daily needs and lifestyle venues supports tenant retention and minimizes concessions risk relative to less amenitized submarkets.
The area’s housing stock skews older (average 1966), while the subject property’s 1993 vintage is newer than most nearby inventory—supporting competitive positioning versus older product. At the same time, systems are over 30 years old, so investors should plan for targeted capital projects or selective renovations to maintain curb appeal and reduce long-term operating risk.
Neighborhood occupancy is around the national median, indicating stable but not tight conditions. Renter-occupied share is high (above the metro median), signaling depth in the tenant base and consistent demand for multifamily units. Elevated home values versus national benchmarks reinforce reliance on rental housing, which can aid pricing power and lease-up consistency for well-managed assets.
Within a 3-mile radius, demographics point to a small average household size and a renter-heavy housing mix. Forward-looking projections indicate population growth and an increase in households, expanding the renter pool and supporting occupancy stability over the medium term (based on CRE market data from WDSuite). These dynamics favor efficient floorplans and professionally managed operations focused on renewals.
Safety metrics for the immediate neighborhood track below the national average, and below the metro median relative to Los Angeles neighborhoods. That said, both violent and property offense rates show year-over-year declines, indicating improving trends. For investors, this suggests prudent onsite management, lighting, and access controls can help sustain leasing and retention while monitoring trajectory as conditions evolve.
Use comparative context when underwriting: conditions are not among the top quartile nationally for safety today, but recent improvement trends—combined with strong amenity access and workforce proximity—can mitigate risk for stabilized operations.
Proximity to entertainment, engineering, and energy corporate offices supports renter demand through short commutes and diversified professional employment. The employers below are within a 5-mile radius and help stabilize leasing velocity and renewals.
- Live Nation Entertainment — entertainment (1.5 miles)
- Activision Blizzard Studios — entertainment/gaming (2.5 miles)
- AECOM — engineering & infrastructure (3.7 miles) — HQ
- Radio Disney — media (4.4 miles)
- Occidental Petroleum — energy (4.9 miles) — HQ
1260 N Harper Ave benefits from a premier West Hollywood address with top-tier amenity access and a renter-leaning housing mix that supports durable multifamily demand. Neighborhood occupancy is near the national median, while elevated for-sale home values sustain reliance on rentals—favorable for pricing power and lease retention in well-operated assets. According to CRE market data from WDSuite, the submarket’s amenity density and income profile are competitive nationally, while the renter concentration provides depth to the tenant base.
Built in 1993 across 22 units, the property is newer than much of the surrounding inventory, providing relative competitiveness versus older stock. Investors should underwrite selective capital projects typical of early-1990s construction to preserve positioning. Within a 3-mile radius, projections indicate population growth and a rising household count, implying renter pool expansion that can support occupancy stability and renewal performance.
- West Hollywood Urban Core location with top-tier amenity access supporting retention and leasing velocity
- Renter-occupied share above metro median indicates a deep tenant base and stable multifamily demand
- 1993 vintage offers competitive positioning versus older stock; plan for targeted system upgrades and value-add
- 3-mile projections point to population and household growth, supporting occupancy stability and renewals
- Risks: below-average safety metrics and rent-to-income pressure require active management, renewals focus, and disciplined expense control