| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 80th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1319 N Sierra Bonita Ave, West Hollywood, CA, 90046, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1989 |
| Units | 73 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1319 N Sierra Bonita Ave West Hollywood Multifamily Investment
Located in an Urban Core pocket of West Hollywood, the surrounding neighborhood shows a high renter concentration and elevated home values that tend to support durable renter demand, according to WDSuite’s CRE market data.
West Hollywood’s Urban Core location offers dense lifestyle amenities that appeal to renters seeking convenience. Amenity access is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 45 out of 1,441) and sits in the top tier nationally for restaurants, groceries, and pharmacies, reinforcing day-to-day livability and leasing appeal.
The property’s 1989 vintage is newer than the area’s average construction year of 1968. For investors, that typically means relatively competitive positioning versus older local stock, while still planning for system modernization and selective interior upgrades to support rent attainment and reduce future capex variability.
Neighborhood renter concentration is high (renter-occupied share near the upper end locally), indicating a deep tenant base for multifamily. Within a 3-mile radius, household counts have increased recently and are forecast to expand further alongside rising median incomes by 2028, pointing to a larger tenant pool and sustained absorption potential. These dynamics support occupancy stability over time, even as lease-up may require active management in softer quarters.
Ownership costs in the area are elevated relative to incomes, while median asking rents are also high by national standards. For investors, this combination typically reinforces reliance on multifamily housing and can support pricing power, though it also warrants close attention to rent-to-income levels for renewal retention and concession strategy. Average school ratings are moderate, which is typical for dense urban neighborhoods and not a primary driver of demand in this submarket segment.
Safety indicators for the neighborhood are competitive among Los Angeles-Long Beach-Glendale communities (crime rank 550 out of 1,441), and the area sits above the national middle of the pack overall. Recent WDSuite data shows notable year-over-year declines in both property and violent offense estimates, suggesting an improving trend. As with any urban core location, conditions can vary block to block, so investors should assess on-the-ground operations and building security features as part of diligence.
Proximity to entertainment, media, and engineering employers supports a steady renter pipeline seeking commute convenience and lifestyle amenities. The employers below reflect the near-term demand drivers for workforce and professional renters in this submarket.
- Live Nation Entertainment — entertainment (0.7 miles)
- Activision Blizzard Studios — media & gaming (3.2 miles)
- Radio Disney — media (4.1 miles)
- AECOM — engineering (4.4 miles) — HQ
- Disney — entertainment (4.6 miles) — HQ
1319 N Sierra Bonita Ave brings 73 units with an average size around 824 sq. ft. into a high-amenity West Hollywood location. The surrounding neighborhood ranks competitively within the Los Angeles-Long Beach-Glendale metro for overall performance and posts nationally strong amenity access and income metrics. The property’s 1989 construction is newer than much of the local stock, which can help leasing velocity and capex predictability relative to older comparables, while selective renovations may still be warranted to optimize rent positioning. According to CRE market data from WDSuite, neighborhood-level NOI per unit benchmarks are strong and renter concentration is high, supporting a deep tenant base.
Investors should balance these strengths with prudent lease management. Neighborhood occupancy has trended below national leaders at times, and elevated rents relative to income can introduce affordability pressure. That said, dense amenity access, proximity to major employers, and projected growth in households within a 3-mile radius point to durable long-term demand and potential for stable cash flow with focused operations.
- Urban-core location with nationally strong amenity access supporting leasing appeal
- 1989 vintage offers relative competitiveness versus older stock, with value-add optionality
- High renter-occupied share and major employer proximity underpin a deep tenant base
- Neighborhood NOI benchmarks are strong per WDSuite, supporting income potential
- Risks: occupancy below top metros at times and affordability pressure requiring proactive lease strategy