| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 80th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1348 N Sierra Bonita Ave, West Hollywood, CA, 90046, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1989 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1348 N Sierra Bonita Ave West Hollywood Multifamily Investment
According to WDSuite’s CRE market data, a high renter-occupied share in the surrounding neighborhood and elevated ownership costs support a deep tenant base for stabilized leasing.
Positioned in West Hollywood’s Urban Core, the neighborhood ranks 38 out of 1,441 Los Angeles-Long Beach-Glendale neighborhoods, indicating competitive positioning within the metro. Amenity density is a clear strength, with restaurants, grocery options, pharmacies, and cafes performing in the top quartile nationally, supporting everyday convenience and renter appeal for multifamily assets.
Neighborhood occupancy is around the national midpoint, so investors should underwrite to operational execution rather than assuming outsized leasing tailwinds. However, renter concentration is high (renter-occupied share ranks in the top decile nationally), signaling depth in the tenant base and supporting demand stability across cycles.
Construction vintage in the area trends older (average year 1968), while this property was built in 1989. That relative youth can be a competitive advantage versus older stock, while still warranting capital planning for modernization of building systems and common areas to meet current renter expectations.
Within a 3-mile radius, demographics show smaller household sizes and rising incomes, with WDSuite’s data indicating a projected increase in both population and households over the next five years. This suggests renter pool expansion and supports occupancy stability and pricing power, particularly for well-located properties near everyday amenities. Home values in the neighborhood are elevated relative to the nation, which tends to sustain reliance on multifamily housing and can aid lease retention.
School ratings in the area sit near the national median, while parks and childcare access score above average, rounding out livability factors that help multifamily demand in an urban context.
Safety trends compare favorably to many U.S. neighborhoods overall: the area sits around the 67th percentile nationally, indicating comparatively safer conditions versus the country at large. Within the Los Angeles-Long Beach-Glendale metro (1,441 neighborhoods), that places the neighborhood above the metro average.
Property and violent offense levels are not among the best nationally, but WDSuite’s data shows notable year-over-year declines, with recent improvement rates placing the neighborhood in a leading tier for trend momentum. Investors should still evaluate property-level security and lighting standards, yet the directional improvement supports a more constructive long-term view.
Proximity to major entertainment and corporate employers underpins renter demand and commute convenience for a diverse workforce, including roles tied to media and engineering. The nearby base includes Live Nation, Activision Blizzard Studios, AECOM, and Disney.
- Live Nation Entertainment — entertainment (0.7 miles)
- Live Nation Entertainment — entertainment (3.0 miles) — HQ
- Activision Blizzard Studios — media & gaming (3.3 miles)
- AECOM — engineering & infrastructure (4.4 miles) — HQ
- Disney — media & entertainment (4.5 miles) — HQ
This 1989-vintage, 38-unit asset benefits from high neighborhood amenity access and a deep renter base, while the surrounding ownership market remains high cost compared to national norms. Neighborhood occupancy trends are near the national midpoint, so returns hinge more on execution and product positioning than on market lift alone. Based on commercial real estate analysis from WDSuite, the area’s income growth and strong amenity profile support steady absorption for well-maintained assets.
Within a 3-mile radius, WDSuite’s data indicates rising incomes and a projected increase in both population and households, alongside smaller household sizes — factors that typically expand the renter pool and help sustain leasing velocity. Given the vintage, targeted modernization can unlock value relative to older neighborhood stock, while investors should still underwrite to retention management where rent-to-income pressure is elevated.
- High renter concentration and elevated ownership costs support durable multifamily demand
- Amenity-rich Urban Core location aids leasing, absorption, and retention
- 1989 vintage offers relative competitiveness versus older stock with value-add potential via modernization
- Forecast growth in population and households within 3 miles expands the tenant base
- Risk: mid-pack neighborhood occupancy and affordability pressure require disciplined lease and expense management