| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 94th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 520 N Kings Rd, West Hollywood, CA, 90048, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1973 |
| Units | 63 |
| Transaction Date | 2006-12-14 |
| Transaction Price | $13,150,000 |
| Buyer | STERLING DONALD T |
| Seller | LAZER TONI |
520 N Kings Rd West Hollywood Multifamily Opportunity
High renter concentration and deep amenity access in West Hollywood point to durable leasing demand, according to WDSuite’s CRE market data. Neighborhood occupancy trends should be evaluated against recent supply and positioning to manage pricing power.
This Urban Core neighborhood in West Hollywood scores A+ overall (neighborhood ranking 12 out of 1,441 metro neighborhoods), indicating competitive fundamentals for multifamily relative to the Los Angeles metro. Neighborhood metrics referenced here describe the area, not this specific property.
Amenity density is a core strength: restaurants and pharmacies are in the top national percentile, with grocery and park access also testing well above most U.S. neighborhoods. These convenience factors typically support resident retention and reduce friction in lease-up, based on CRE market data from WDSuite.
Schools benchmark strongly at the neighborhood level (average rating among the best nationally), which can help sustain demand from households seeking quality education access. Median home values in the neighborhood are elevated versus national norms, reinforcing renter reliance on multifamily housing and supporting lease stability for well-positioned assets.
Renter-occupied housing represents a large share of units in the neighborhood, indicating a deep tenant base for multifamily investors. By contrast, neighborhood occupancy rates have been softer than many Los Angeles sub-areas in recent periods, underscoring the importance of asset quality, amenity packages, and unit mix to outperform nearby comps.
Within a 3-mile radius, recent data show modest population contraction but rising incomes and strong rent growth historically, with forecasts pointing to an increase in households and a larger renter pool by the midterm outlook. For investors, that trajectory supports demand depth, though lease management and renewal strategies should account for rent-to-income levels and segment-specific affordability pressure.
The average neighborhood construction year trends late-1960s; this property’s 1973 vintage is slightly older than newer Class A deliveries. That positioning can present value-add potential through modernization of systems, common areas, and in-unit finishes, with capital plans calibrated to local rent ceilings and competitive set.
Safety conditions at the neighborhood level trend less favorable than many Los Angeles areas, placing it toward the higher-crime end among 1,441 metro neighborhoods. Nationally, comparative standings also sit below the median. Investors typically underwrite with enhanced operational measures (access control, lighting, monitoring) and prudent loss assumptions in similar urban-core contexts.
Recent movement shows mixed signals: property offense estimates declined by roughly 25% year over year, while violent offense estimates ticked higher, according to WDSuite’s CRE market data. Portfolio managers often weigh these trends alongside property-level security investments and tenant profile when modeling absorption and renewal risk.
Proximity to major employers supports a commuter-friendly renter base and can stabilize leasing, particularly for professionals in entertainment, engineering, and energy. The anchors below reflect nearby demand drivers that can bolster retention for well-positioned units.
- Live Nation Entertainment — live events & entertainment (1.4 miles)
- Activision Blizzard Studios — media & gaming production (1.9 miles)
- AECOM — engineering & infrastructure (3.0 miles) — HQ
- Occidental Petroleum — energy (4.4 miles) — HQ
- Disney — media & entertainment (5.9 miles) — HQ
520 N Kings Rd is a 63-unit, 1973-vintage asset in West Hollywood positioned within a high-amenity Urban Core neighborhood that ranks competitively across Los Angeles. Elevated neighborhood home values and a sizable share of renter-occupied housing indicate a deep tenant base and support for lease retention, while top-tier access to dining, groceries, parks, and pharmacies enhances day-to-day livability. According to CRE market data from WDSuite, neighborhood occupancy has been comparatively softer, so execution will hinge on positioning, finishes, and services to capture demand.
The vintage suggests potential value-add through modernization of building systems and unit interiors to improve competitiveness versus newer stock. Within a 3-mile radius, projections indicate an increase in households and incomes over the midterm, which can expand the renter pool and support revenue management strategies. Investors should calibrate underwriting to local rent-to-income dynamics and incorporate prudent security and OpEx assumptions consistent with urban-core operations.
- High-amenity Urban Core location with strong national rankings for restaurants, groceries, parks, and pharmacies
- Deep renter-occupied share at the neighborhood level reinforces tenant base depth and renewal potential
- 1973 vintage offers value-add potential via systems upgrades and interior renovations to compete with newer product
- Demand supported by nearby corporate anchors in entertainment, engineering, and energy sectors
- Risks: softer neighborhood occupancy and urban-core safety profile require disciplined leasing, security, and OpEx planning