| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 94th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 520 N Croft Ave, West Hollywood, CA, 90048, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1974 |
| Units | 71 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
520 N Croft Ave, West Hollywood Multifamily Investment
Amenity-rich Urban Core location with deep renter demand and elevated incomes supports leasing durability, according to WDSuite’s CRE market data. Neighborhood-level occupancy has been softer, but strong lifestyle access and high ownership costs in West Hollywood help sustain the tenant base.
Located in West Hollywood’s Urban Core, the property benefits from one of the metro’s highest concentrations of daily conveniences and lifestyle amenities. The neighborhood’s amenity rank is competitive among Los Angeles neighborhoods (ranked 49 of 1,441), and restaurants, cafes, groceries, parks, and pharmacies are all dense by national standards—helpful for retention and leasing velocity.
Education metrics are a standout: the average school rating places the neighborhood at the very top of the metro (1st of 1,441) and in the top percentile nationally. For workforce-oriented renters, this can support longer stays and broader renter profiles, particularly for residents prioritizing proximity to quality schools.
Renter concentration is structurally high both in the neighborhood (a majority of housing units are renter-occupied) and within a 3-mile radius (roughly seven in ten units renter-occupied), reinforcing a deep tenant base for multifamily. At the same time, neighborhood occupancy ranks in the lower tier of the metro (1363 of 1,441), signaling more competitive leasing conditions and the need for active asset positioning.
Within a 3-mile radius, demographics indicate a smaller average household size and a high-income renter pool, with household incomes and contract rents having trended upward over the last five years. Looking ahead to 2028, WDSuite’s CRE market data points to growth in households and incomes in the 3-mile area, expanding the potential renter base and supporting rent roll durability.
Home values in the neighborhood are elevated relative to national benchmarks, which generally reinforces reliance on rental housing and can support pricing power for well-amenitized assets. For investors, this mix—strong amenities, high-income renters, and an entrenched rental culture—creates favorable demand dynamics despite competitive occupancy.
Safety trends reflect an urban-core profile. The neighborhood’s crime position is in the lower quartile among 1,441 Los Angeles metro neighborhoods, and national percentiles indicate it is less safe than many areas nationwide. Investors should underwrite to appropriate operating practices and tenant experience initiatives typical of dense, high-traffic locations.
Recent momentum shows some improvement: estimated property offenses have declined year over year, according to CRE market data from WDSuite. While violent and property incident rates remain elevated versus national benchmarks, acknowledging these trends and implementing standard security and design measures can help support leasing and retention.
Proximity to entertainment, engineering, and energy headquarters and offices supports a broad white-collar renter base and commute convenience for residents. Featured employers include Live Nation Entertainment, Activision Blizzard Studios, AECOM, Occidental Petroleum, and Disney.
- Live Nation Entertainment — entertainment (1.48 miles) — HQ
- Activision Blizzard Studios — media & gaming (1.75 miles)
- AECOM — engineering & infrastructure (2.89 miles) — HQ
- Occidental Petroleum — energy (4.26 miles) — HQ
- Disney — media (5.95 miles) — HQ
520 N Croft Ave combines premier Los Angeles lifestyle access with a renter-driven housing stock, supporting depth of demand for a 71-unit asset. Elevated neighborhood home values and high-income households reinforce reliance on rental housing, while top-of-metro school metrics and dense retail, dining, and services create livability advantages that can translate into retention and pricing power.
At the same time, based on CRE market data from WDSuite, neighborhood occupancy ranks in the lower tier of the metro—suggesting competitive lease-ups and the need for focused asset management, amenities, and marketing. Over the medium term, projected growth in households and incomes within a 3-mile radius expands the prospective renter pool and supports long-run cash flow stability for well-positioned multifamily assets.
- Urban Core location with top-tier amenity density and school quality supports retention and pricing power
- High renter-occupied share locally and within 3 miles indicates a deep tenant base for multifamily
- Elevated ownership costs in West Hollywood reinforce sustained rental demand for well-amenitized units
- Competitive leasing conditions given lower-tier neighborhood occupancy require active management and amenity positioning
- Near major entertainment, media, and engineering employers, supporting leasing velocity among white-collar renters