| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 87th | Best |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1435 Havenhurst Dr, West Hollywood, CA, 90046, US |
| Region / Metro | West Hollywood |
| Year of Construction | 2004 |
| Units | 24 |
| Transaction Date | 1993-11-17 |
| Transaction Price | $663,000 |
| Buyer | WEST HOLLYWOOD COMMUNITY HOUSING CORP |
| Seller | HUTTON BRIAN G |
1435 Havenhurst Dr, West Hollywood Multifamily Opportunity
Renter demand is reinforced by a high neighborhood renter concentration and deep amenity base, according to WDSuite’s CRE market data, supporting stable leasing for professionally managed assets in West Hollywood. In this Urban Core location, commercial real estate analysis points to durable absorption even as operators focus on retention and pricing discipline.
Situated in West Hollywood’s Urban Core, the property benefits from one of the metro’s most competitive neighborhoods (ranked 15 among 1,441 Los Angeles-Long Beach-Glendale neighborhoods). Amenity access is a standout strength, with restaurants, groceries, pharmacies, and cafes all testing in the top percentiles nationally. For investors, that mix supports consistent leasing interest and resident stickiness typical of highly walkable submarkets.
Renter demand depth is notable: neighborhood renter-occupied share is in the 98th percentile nationally, and within a 3-mile radius roughly three-quarters of housing units are renter-occupied. Median contract rents in the neighborhood sit well above national levels (around the 91st percentile), while occupancy trends are closer to the national middle. Together, this suggests pricing power tied to location and amenities, while operators should prioritize renewal management to sustain occupancy.
Asset vintage is a relative advantage. With most area stock averaging from the mid-1960s, a 2004 construction date positions this property as newer than the neighborhood norm—supporting competitive positioning versus older inventory and potentially moderating near-term capital needs, though selective modernization can further enhance performance.
Within a 3-mile radius, near-term demographic dynamics point to a larger tenant base over the next few years, with forecast growth in both households and higher-income cohorts. Elevated home values locally (mid-90s national percentile) indicate a high-cost ownership market, which tends to reinforce reliance on multifamily rentals and can aid lease retention where operators manage affordability pressure and resident experience effectively.
Safety indicators are mixed when viewed against regional and national benchmarks. The neighborhood’s overall safety positioning trends below the metro median, but recent year-over-year declines in both property and violent offense estimates point to improvement momentum compared with many U.S. neighborhoods. Investors should underwrite to current conditions and monitor trend continuity rather than block-level assumptions.
Framed nationally, the area does not sit in the top safety percentiles; however, the direction of change has been favorable over the past year. For underwriting, prudent measures—lighting, access control, and coordination with professional management—can support resident satisfaction and retention while preserving operating stability.
The area draws from a diversified white-collar employment base across entertainment, media, engineering, and energy—supporting renter demand via short commutes and professional wage levels. Key nearby employers include Live Nation Entertainment, Activision Blizzard Studios, AECOM, Disney, and Occidental Petroleum.
- Live Nation Entertainment — entertainment (2.4 miles) — HQ
- Activision Blizzard Studios — entertainment & media (2.7 miles)
- AECOM — engineering & infrastructure (3.9 miles) — HQ
- Disney — media & entertainment (4.8 miles) — HQ
- Occidental Petroleum — energy (5.1 miles) — HQ
This 24-unit, 2004-vintage asset sits in one of Los Angeles’s most competitive neighborhoods for amenities and renter concentration, supporting demand durability and rent positioning. Based on CRE market data from WDSuite, the neighborhood’s rents outpace national levels while occupancy trends are nearer the national middle—an attractive setup for operators focused on renewal strategy and service quality to sustain stable absorption.
The property’s newer vintage relative to the 1960s neighborhood average provides a competitive edge versus older stock, with scope for targeted upgrades to enhance yield. Within a 3-mile radius, projections indicate growth in higher-income households and overall household counts, expanding the tenant base. Elevated home values in the area suggest ownership remains a high-cost alternative, reinforcing reliance on multifamily housing and supporting pricing power where affordability pressure is managed.
- Urban Core location with top-tier amenities and walkability supporting leasing velocity
- Renter-occupied concentration and projected household growth within 3 miles expand the tenant base
- 2004 vintage offers relative competitiveness versus older local stock, with selective value-add upside
- High-cost ownership market supports rental reliance and potential pricing power
- Risk: occupancy trends near the national middle and affordability pressure call for focused renewal and retention management