| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 87th | Best |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1430 N Harper Ave, West Hollywood, CA, 90046, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1991 |
| Units | 38 |
| Transaction Date | 1999-06-28 |
| Transaction Price | $2,319,000 |
| Buyer | 1430 NORTH HARPER LLC |
| Seller | HARPER REGENCY |
1430 N Harper Ave West Hollywood Multifamily in Amenity-Rich Core
Positioned in a high-demand renter area where ownership costs are elevated, the neighborhood shows durable leasing fundamentals according to WDSuite’s CRE market data.
This Urban Core location is competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 15 out of 1,441) with an A+ neighborhood rating, supported by a deep amenity base. Cafes, groceries, pharmacies, parks, and restaurants score in the top percentiles nationally, indicating daily convenience that helps underpin tenant retention and leasing velocity.
At the property level, a 1991 construction year is newer than the neighborhood’s older housing stock (average 1966). Investors can position this asset as relatively competitive versus vintage peers while planning for system updates and potential modernization to sustain rentability over the hold.
Renter concentration is high in the neighborhood (measured as the share of housing units that are renter-occupied), and the surrounding 3-mile area is similarly renter-leaning. This depth of renter households supports a larger tenant base and can stabilize occupancy through cycles, though lease management remains important given premium area rents.
Within a 3-mile radius, household counts are projected to increase, even as average household size trends smaller. Together with rising incomes, this points to a growing pool of prospective renters and continued support for market-rate units. Elevated home values in the neighborhood compared with national norms suggest a high-cost ownership market that tends to sustain multifamily demand and pricing power, particularly for well-located, professionally managed assets.
Neighborhood occupancy is around the national middle, with recent years showing modest softening. Investors should underwrite steady, but not outsized, lease-up assumptions and focus on asset quality and operational execution to maintain competitive positioning amid strong local amenity draw.
Safety trends are mixed. Compared with neighborhoods nationwide, this area sits below average on safety benchmarks, while relative to the Los Angeles-Long Beach-Glendale metro it is below the metro median among 1,441 neighborhoods. Recent year-over-year indicators show declines in both violent and property offense rates, suggesting some improvement in trend direction.
For underwriting, translate this into pragmatic assumptions: emphasize property-level security measures, lighting, and access control, and weigh the amenity-rich location and renter demand against the need for thoughtful operating practices.
The immediate area draws from a dense entertainment and corporate services employment base that supports workforce housing demand and short commutes for renters. Key nearby employers include Live Nation, Activision Blizzard Studios, AECOM, and Disney.
- Live Nation Entertainment — entertainment (1.45 miles)
- Live Nation Entertainment — entertainment (2.31 miles) — HQ
- Activision Blizzard Studios — gaming & entertainment (2.70 miles)
- AECOM — engineering & professional services (3.81 miles) — HQ
- Disney — media & entertainment (4.84 miles) — HQ
1430 N Harper Ave offers investors exposure to an amenity-dense West Hollywood location with a renter-heavy neighborhood and home values well above national norms, reinforcing reliance on multifamily housing. According to CRE market data from WDSuite, neighborhood occupancy sits near the national middle while local amenities rank in the top percentiles, a combination that supports steady leasing when paired with strong operations.
Built in 1991, the asset is newer than much of the surrounding stock, providing relative competitiveness versus older properties while still warranting capital planning for aging systems and targeted renovations to protect rentability. Within a 3-mile radius, forecasts point to population growth, a meaningful increase in households, and higher incomes—factors that expand the tenant base and support rent levels over the medium term.
- Amenity-rich Urban Core location with top-tier national convenience metrics that aid tenant retention.
- Renter-occupied concentration locally and within 3 miles supports demand depth and occupancy stability.
- 1991 vintage offers competitive positioning versus older stock, with value-add via modernization and systems updates.
- High-cost ownership market bolsters reliance on rentals, supporting pricing power for well-managed assets.
- Risks: safety metrics below national averages and recent occupancy softening require active leasing and security-focused operations.