| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 94th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8300 De Longpre Ave, West Hollywood, CA, 90069, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1973 |
| Units | 27 |
| Transaction Date | 2021-02-22 |
| Transaction Price | $13,160,000 |
| Buyer | 8300 DE LONGPRE VILA B LP |
| Seller | VSB PROPERTIES II LLC |
8300 De Longpre Ave West Hollywood Multifamily Investment
Positioned in an amenity-rich West Hollywood neighborhood with a deep renter base, the asset benefits from strong lifestyle fundamentals that help sustain leasing even as neighborhood occupancy fluctuates, according to WDSuite’s CRE market data.
West Hollywood’s Urban Core setting delivers dense amenities and commuter convenience that appeal to renters. Neighborhood amenities score in the upper national percentiles, with abundant restaurants, cafes, pharmacies, groceries, and parks within close reach. Schools also rate among the top percentile nationally, indicating access to higher-quality education options in the broader area.
For investors, the renter demand story is reinforced by a high renter-occupied share of housing units in the neighborhood, signaling a deep tenant base and ongoing leasing velocity. Elevated home values relative to income indicate a high-cost ownership market, which tends to sustain reliance on multifamily rentals and can support pricing power and retention management. Rent-to-income levels remain manageable by regional standards, providing owners with room to balance rent growth and renewals.
The average construction vintage in the neighborhood skews late 1960s. With the subject property built in 1973, investors should plan for targeted capital improvements to keep finishes and building systems competitive; this can also create value-add upside versus older stock nearby. Household sizes are relatively small within a 3-mile radius, which often supports demand for studios and one-bedroom units and can stabilize turnover in well-managed buildings.
Demographically within a 3-mile radius, households have edged up even as population softened in recent years, pointing to smaller household sizes and a renter pool that favors centrally located, professionally managed assets. Forecasts point to growth in households and incomes over the next five years, expanding the local tenant base and supporting occupancy stability and rent performance over the medium term.
Safety indicators for the neighborhood trail national percentiles, and the area ranks weaker on crime relative to many Los Angeles neighborhoods (based on WDSuite’s CRE market data and comparisons against 1,441 metro neighborhoods). That said, recent trends show property offenses declining year over year, which is a constructive directional signal to monitor.
From an investment standpoint, prudent measures such as access control, lighting, and professional on-site management can support resident experience and retention. Owners should underwrite for ongoing security best practices and monitor local trendlines rather than block-level conditions.
Proximity to entertainment, engineering, and energy employers supports a steady renter pool and convenient commutes for residents. The nearby base includes Live Nation Entertainment, Activision Blizzard Studios, AECOM, and Occidental Petroleum.
- Live Nation Entertainment — entertainment (1.59 miles)
- Live Nation Entertainment — entertainment (2.17 miles) — HQ
- Activision Blizzard Studios — gaming & media (2.56 miles)
- AECOM — engineering & infrastructure (3.67 miles) — HQ
- Occidental Petroleum — energy (4.88 miles) — HQ
This 27-unit 1973 asset combines lifestyle location advantages with a deep renter base in West Hollywood. According to CRE market data from WDSuite, neighborhood fundamentals feature high amenity access and a large share of renter-occupied housing units, while elevated ownership costs in the area reinforce reliance on multifamily housing. The property’s vintage suggests potential value-add through selective interior upgrades and system modernization to strengthen competitive positioning and support rent growth.
Within a 3-mile radius, smaller household sizes and projected growth in households and incomes point to a broader tenant base over time, supporting occupancy stability and renewal strategies. While neighborhood safety metrics trail national percentiles and occupancy has been uneven, professional management, security best practices, and targeted capex can help mitigate risks and capture demand tied to nearby employment and amenities.
- Amenity-dense, central location that supports leasing and retention
- High renter-occupied share and costly ownership landscape sustain rental demand
- 1973 vintage offers value-add via targeted upgrades and system improvements
- 3-mile demand drivers: smaller households, projected income and household growth, and nearby employers
- Risks: below-national safety metrics and variable neighborhood occupancy; mitigate with professional management and prudent capex