| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 91st | Best |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 141 S Clark Dr, West Hollywood, CA, 90048, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1973 |
| Units | 105 |
| Transaction Date | 2004-01-14 |
| Transaction Price | $19,400,000 |
| Buyer | 141 Clark Apartments, LLC |
| Seller | Clark Plaza Investors, LLC |
141 S Clark Dr West Hollywood Multifamily Value-Add
Neighborhood data point to a deep renter pool supported by elevated ownership costs, while occupancy in the area trends softer, according to WDSuite’s CRE market data. These are neighborhood indicators rather than property performance, but they suggest income stability with prudent lease management.
This West Hollywood Urban Core location ranks in the top quartile among 1,441 Los Angeles metro neighborhoods, reflecting balanced fundamentals and strong demand drivers at the neighborhood level. Cafés and restaurants are dense by national standards (both near the top decile), and grocery access is similarly strong, supporting resident convenience and walkability. Dedicated parks and pharmacies are limited within the neighborhood boundaries, which investors should weigh when benchmarking livability versus nearby submarkets.
The area’s housing stock skews somewhat newer than this asset (average 1984 vs. property built 1973). The vintage gap suggests meaningful value‑add potential through targeted renovations and systems upgrades, with the aim of improving competitive positioning against newer comparables while managing capital expenditures over time.
Tenure patterns indicate depth in renter-occupied housing at the neighborhood scale, with renter concentration ranking in the upper tier nationally. For investors, that supports a broader tenant base and leasing velocity for a 105‑unit property, provided product/price alignment. At the same time, the neighborhood occupancy rate is lower relative to national norms; interpreting this as a signal for disciplined marketing and renewal strategies rather than a structural demand deficiency can help sustain performance.
Within a 3‑mile radius, demographics skew higher income with a sizable professional cohort, and WDSuite data show an expected increase in households over the next five years, implying renter pool expansion and support for occupancy stability. Elevated median home values in the neighborhood (near the top nationwide) point to a high‑cost ownership market, which tends to reinforce reliance on multifamily rentals and can underpin pricing power. However, rent‑to‑income levels indicate some affordability pressure, suggesting thoughtful lease management and amenity positioning are important for retention.
Safety indicators around West Hollywood trend near national medians overall, based on WDSuite neighborhood benchmarks. Property crime sits below national safety medians (i.e., comparatively higher property‑offense rates), while violent‑offense levels track closer to the national middle.
Trend data are mixed but improving on key measures: estimated violent‑offense rates declined year over year, placing the neighborhood in a stronger improvement tier nationally. Investors should plan for standard multifamily safety practices and resident communication, noting that these are neighborhood metrics rather than property‑specific conditions. Rankings are benchmarked against 1,441 Los Angeles metro neighborhoods.
The immediate area benefits from proximity to entertainment, engineering, and energy employers that support a commuter-friendly renter base and retention potential. Nearby anchors include Live Nation, Activision Blizzard Studios, AECOM, and Occidental Petroleum.
- Live Nation Entertainment — entertainment (0.5 miles)
- Live Nation Entertainment — entertainment (0.8 miles) — HQ
- Activision Blizzard Studios — media & gaming (1.0 miles)
- AECOM — engineering & infrastructure (2.1 miles) — HQ
- Occidental Petroleum — energy (3.5 miles) — HQ
Built in 1973, this 105‑unit West Hollywood asset presents a clear value‑add path: an older vintage than the neighborhood’s average stock supports renovation and systems upgrades to sharpen competitiveness against newer product. At the neighborhood level, elevated home values and a high renter concentration underpin multifamily demand, while softer neighborhood occupancy calls for disciplined leasing and renewal strategies. According to CRE market data from WDSuite, café/restaurant density and strong grocery access bolster livability, while safety trends sit near national medians with recent improvements in violent‑offense rates.
Three‑mile demographics indicate high incomes today and an expected increase in households over the next five years, supporting a larger tenant base and potential rent durability for well‑positioned units. Affordability pressure (relative to incomes) argues for careful unit mix, finish levels, and pricing cadence to balance absorption and retention.
- Value‑add upside from 1973 vintage via targeted renovations and modernization
- High‑cost ownership market sustains renter reliance and supports pricing power
- Dense amenities and major employers nearby enhance leasing velocity
- Demographic tailwinds within 3 miles point to renter pool expansion
- Risks: softer neighborhood occupancy and rent‑to‑income pressure require disciplined leasing