| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 85th | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8711 Burton Way, West Hollywood, CA, 90048, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1974 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8711 Burton Way, West Hollywood Multifamily Investment
High renter concentration and a high-cost ownership landscape suggest durable demand depth, according to WDSuite’s CRE market data. Neighborhood occupancy has been softer recently, but amenity density and income levels point to stable leasing potential with disciplined operations.
The property sits in an Urban Core pocket of West Hollywood that ranks 82 out of 1,441 Los Angeles metro neighborhoods (top quartile nationally). Amenity access is a clear advantage: restaurants, cafes, groceries, and pharmacies are among the highest concentrations nationwide, supporting resident convenience and competitive positioning for well-managed assets.
Renter-occupied share in the neighborhood is elevated (about two-thirds of housing units), signaling a deep tenant base and steady multifamily demand. Median contract rents trend high relative to national norms, while the rent-to-income ratio skews favorable locally, supporting collections and lease retention when pricing is calibrated to product quality.
Within a 3-mile radius, recent population and family counts dipped modestly, but WDSuite’s data indicate forecasts for population and household growth over the next five years, implying a larger tenant pool and additional leasing opportunities. Average household sizes are edging smaller, which can sustain demand for well-located one- and two-bedroom units.
The asset’s 1974 vintage is slightly newer than the neighborhood’s average construction year (1971). That positioning typically benefits from selective renovation and system upgrades to meet premium renter expectations in a high-amenity enclave, while preserving relative competitiveness against older stock.
School ratings in the area are moderate, but the neighborhood’s overall rating and amenity strength are above metro medians. Elevated home values (top national percentiles) indicate a high-cost ownership market, which generally reinforces reliance on rental housing and can support pricing power for upgraded, well-managed units.
Relative to Los Angeles metro peers, this neighborhood trends safer than many urban districts, with national comparisons placing it in the upper half for safety. Recent year-over-year trends show notable declines in both property and violent offense estimates, according to WDSuite, an encouraging signal for perception and leasing—though investors should underwrite to submarket norms rather than block-level assumptions.
Interpreting ranks: the area performs above several metro submarkets and sits around the 66th percentile nationally for overall crime comparisons, while recent improvement rates are among the stronger trajectories. As always, safety conditions can vary by corridor and time of day; investors should pair this directional data with on-site diligence.
Proximity to major employers in entertainment, gaming, engineering, and energy supports a steady professional renter base and commute convenience for residents. Nearby anchors include Live Nation Entertainment, Activision Blizzard (and its studios), AECOM, and Occidental Petroleum.
- Live Nation Entertainment — entertainment (0.9 miles) — HQ
- Activision Blizzard Studios — media & gaming (1.1 miles)
- AECOM — engineering & infrastructure (2.2 miles) — HQ
- Occidental Petroleum — energy (3.6 miles) — HQ
- Activision Blizzard — gaming (5.4 miles) — HQ
8711 Burton Way offers exposure to a top-quartile Los Angeles neighborhood with exceptional amenity density, high-income renter profiles, and a high-cost ownership market that sustains reliance on rentals. While neighborhood occupancy has been softer recently, leasing fundamentals benefit from elevated renter concentration, strong NOI performance benchmarks locally, and forecast growth in the 3-mile renter pool. According to CRE market data from WDSuite, these dynamics favor assets that pair operational discipline with targeted upgrades.
Built in 1974, the property is slightly newer than the neighborhood average vintage. That creates a practical runway for value-add: modernizing interiors, common areas, and building systems to capture premium demand without competing head-to-head with new construction. Investors should underwrite to West Hollywood s pricing power, amenity-driven appeal, and commuting access, balanced against the need for ongoing capex and the submarket s variable occupancy.
- High renter concentration and income levels support demand depth and collections
- Exceptional restaurant/retail access enhances resident appeal and retention
- 1974 vintage allows targeted renovations to drive rent premiums versus older stock
- Forecast household growth within 3 miles points to a larger tenant base over time
- Risk: neighborhood occupancy has been softer; success depends on execution and product differentiation