| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 94th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 727 Westbourne Dr, West Hollywood, CA, 90069, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1974 |
| Units | 47 |
| Transaction Date | 2022-05-17 |
| Transaction Price | $20,050,000 |
| Buyer | 727 WESTBOURNE VILA B LP |
| Seller | WESTBOURNE VENTURE |
727 Westbourne Dr, West Hollywood Multifamily Investment
Positioned in West Hollywood a high-amenity urban core 14the asset benefits from deep renter demand and strong neighborhood incomes, according to WDSuite 27s CRE market data. Investor focus centers on renter concentration and proximity to major employers supporting occupancy durability and pricing power.
West Hollywood 7s Urban Core fundamentals are a draw for renters and operators. The neighborhood ranks 12 out of 1,441 metro neighborhoods overall (A+), placing it in the top quartile locally and well above most areas nationally. Dense retail and services underpin livability: restaurants and pharmacies sit at the 100th percentile nationally, with parks and groceries also testing upper percentiles. These amenities translate to strong day-to-day convenience that tends to support leasing and renewals.
Renter depth is a key strength. The neighborhood shows a renter-occupied share of housing units around 62.4% (rank 319 of 1,441; top quartile nationally), indicating a sizable tenant base for multifamily assets. Neighborhood occupancy is 84.8% and has edged down over five years; investors should underwrite to competitive concessions and active leasing management while recognizing the area 7s durable demand drivers.
Education and household capacity indicators are favorable for Class B/B+ positioning. Neighborhood schools average a high rating (top national percentile), and household incomes sit well above many U.S. neighborhoods. Elevated home values and a high value-to-income ratio (both near the 98th national percentile) indicate a high-cost ownership market, which typically sustains reliance on multifamily rentals and can aid retention.
Vintage and competitive positioning matter. The property was built in 1974, slightly newer than the neighborhood 7s average construction year of 1969; that can help relative to older stock, though investors should still plan for modernization of aging systems or selective upgrades to defend rents. Within a 3-mile radius, recent population trends dipped modestly, but WDSuite 7s data show forecasts for growth in households and incomes alongside rising asking rents a0 2014 a0signals that support a larger tenant base and longer-term occupancy stability.
Safety indicators warrant prudent planning. The neighborhood 7s crime rank is 1,229 out of 1,441 metro neighborhoods, placing it below average locally and in lower national percentiles for safety. Violent and property offense rates compare unfavorably with many neighborhoods nationwide; however, WDSuite 7s data indicate a recent year-over-year decline in estimated property offenses, suggesting some improvement from prior levels. Owners should budget for security-conscious operations and leverage the area 7s strong amenities and employer base to support tenant retention.
Proximity to major entertainment, infrastructure, and energy employers supports a steady professional renter base and commute convenience for residents. Nearby anchors include Live Nation, Activision Blizzard, AECOM, Occidental, and Disney.
- Live Nation Entertainment 2d entertainment (1.3 miles) 2d HQ
- Activision Blizzard Studios 2d video game & media (1.6 miles)
- AECOM 2d engineering & infrastructure (2.8 miles) 2d HQ
- Occidental Petroleum 2d energy (4.0 miles) 2d HQ
- Disney 2d media & entertainment (5.9 miles) 2d HQ
727 Westbourne Dr offers exposure to West Hollywood 7s amenity 2drich Urban Core where renter-occupied housing is prevalent and ownership costs are elevated, reinforcing demand for multifamily units. Neighborhood NOI per unit performance ranks near the top among metro peers, and, according to CRE market data from WDSuite, households and incomes within a 3-mile radius are projected to grow alongside rising asking rents a0 20tailwinds that can support occupancy stability and rent growth over a multi-year hold.
Constructed in 1974, the asset is slightly newer than the neighborhood 7s average vintage, offering relative competitiveness versus older stock while still calling for targeted CapEx to modernize systems and finishes. Investors should underwrite to neighborhood dlevel occupancy that has softened in recent years and consider security 2dconscious operations, balanced against strong amenities, top 2dtier schools, and proximity to major employers that deepen the tenant base.
- Amenity 2drich West Hollywood location with top 2dtier schools and services supporting leasing and renewals
- Deep renter pool (high renter 2doccupied share) and elevated ownership costs sustaining multifamily demand
- Forecast household and income growth within 3 miles, with rising asking rents supporting pricing power
- 1974 vintage offers relative positioning versus older stock with value 2dadd modernization potential
- Risks: below 2daverage neighborhood safety and softer neighborhood occupancy require proactive leasing and security planning