| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 94th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 612 N Orlando Ave, West Hollywood, CA, 90048, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1973 |
| Units | 21 |
| Transaction Date | 2016-02-23 |
| Transaction Price | $10,500,000 |
| Buyer | LAHIJANI REAL ESTATE GROUP LLC |
| Seller | L DOR V DOR LLC |
612 N Orlando Ave, West Hollywood Multifamily Investment
Amenity-rich urban core location with deep renter demand supported by a high-cost ownership market and strong incomes, according to WDSuite’s CRE market data.
Situated in West Hollywood’s Urban Core, the neighborhood carries an A+ rating and ranks 12 out of 1,441 metro neighborhoods—placing it in the top tier locally for overall livability. Dense amenities underpin day-to-day convenience, with restaurants and pharmacies among the highest concentrations nationally, reinforcing leasing appeal for workforce and professional renters.
Renter-occupied housing accounts for a substantial share of units in the neighborhood (62.4%), indicating a deep tenant base and consistent multifamily demand. Median contract rents and household incomes sit well above national norms, while the rent-to-income ratio near this location points to manageable affordability pressure relative to other coastal metros—favorable for retention and lease management.
Home values in the neighborhood are elevated versus most U.S. locations, which tends to reinforce reliance on rentals and supports pricing power for competitive assets. At the same time, the neighborhood’s reported occupancy level is below many peer areas, suggesting operators should prioritize marketing, renewals, and amenity positioning to sustain occupancy stability as new supply and lifestyle options compete for tenants.
The property’s 1973 vintage is slightly newer than the neighborhood’s average construction year (1969). That positioning can remain competitive against older stock, though investors should anticipate selective modernization or systems upgrades to match current renter expectations. Within a 3-mile radius, recent population trends have been flat to slightly negative, but forecasts show growth in households alongside smaller average household sizes—signals that can expand the renter pool and support multifamily demand over the medium term, based on commercial real estate analysis from WDSuite.
Safety indicators at the neighborhood level reflect higher-than-average crime relative to many Los Angeles areas, with an overall crime rank of 1,229 out of 1,441 metro neighborhoods. Nationally, the neighborhood compares below average on safety percentiles. Investors should underwrite prudent security measures and property management practices tailored to an urban core setting.
Trend-wise, estimated property offense rates show a meaningful year-over-year decline, indicating recent improvement. While violent offense metrics remain elevated compared to neighborhoods nationwide, monitoring multi-year trends and coordinating with experienced operators can help manage risk without overrelying on any single-year data point.
Proximity to entertainment, engineering, and energy headquarters and offices supports a diverse white-collar employment base and commute convenience for renters living nearby. The employers below anchor demand patterns observed in this submarket.
- Live Nation Entertainment — entertainment (1.6 miles) — HQ
- Activision Blizzard Studios — media & gaming (1.9 miles)
- AECOM — engineering & infrastructure (3.0 miles) — HQ
- Occidental Petroleum — energy (4.4 miles) — HQ
- Disney — media & entertainment (5.8 miles) — HQ
612 N Orlando Ave offers investors a small-scale West Hollywood asset (21 units) in a top-tier Los Angeles neighborhood characterized by dense amenities, high incomes, and a renter-leaning housing stock. Elevated home values locally tend to sustain reliance on multifamily, while rent-to-income levels suggest room for disciplined pricing and retention strategies. According to CRE market data from WDSuite, neighborhood occupancy trends lag stronger submarkets, making operational execution—marketing, renewals, and amenity alignment—central to performance.
Built in 1973, the asset sits slightly newer than the area’s average vintage, providing a competitive base with potential value-add via targeted upgrades. Within a 3-mile radius, forecasts call for growth in households alongside smaller average household sizes, which can expand the renter pool and support occupancy stability over time, even as the near-term backdrop remains competitive.
- Amenity-rich urban core with top-tier local ranking among 1,441 LA neighborhoods supports leasing appeal.
- High-cost ownership market reinforces multifamily demand and supports pricing power for well-positioned units.
- 1973 vintage provides competitive footing with scope for targeted value-add and modernization.
- 3-mile forecasts indicate household growth and smaller household sizes, expanding the renter pool.
- Risk: Neighborhood occupancy trends trail stronger submarkets; success depends on active leasing and retention management.