| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 85th | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8715 Burton Way, West Hollywood, CA, 90048, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1987 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8715 Burton Way West Hollywood Multifamily Investment
This 39-unit property sits in an A-rated neighborhood ranking in the top 6% among 1,441 metro neighborhoods. Commercial real estate analysis from WDSuite shows strong renter demand with 64% of housing units renter-occupied and NOI per unit averaging $16,201.
West Hollywood's Burton Way corridor combines urban amenities with high-income demographics within a 3-mile radius. The neighborhood earns an A rating and ranks 82nd among 1,441 Los Angeles metro neighborhoods, placing it in the top quartile nationally. Median household income of $117,243 supports rental demand, while 64% of housing units are renter-occupied compared to metro averages.
Built in 1987, this property represents newer vintage than the neighborhood average construction year of 1971, potentially reducing near-term capital expenditure needs. The area shows strong amenity density with 12.12 cafes per square mile (100th national percentile) and 9.92 grocery stores per square mile (99th national percentile), supporting tenant retention through walkable convenience.
Rental fundamentals show median contract rents of $2,375 with 18% growth over five years, though neighborhood occupancy sits at 85% with a recent decline. Demographics within the 3-mile radius indicate 70% renter-occupied housing units and projected household growth of 38% through 2028, suggesting expanding renter pool depth despite current occupancy pressures.
Home values averaging $1.6 million (99th national percentile) reinforce rental demand by maintaining elevated ownership costs. The rent-to-income ratio of 0.24 indicates manageable affordability for the area's income levels, supporting lease retention and renewal rates in this high-amenity urban core location.
Safety metrics show mixed trends with property crime rates declining 81% year-over-year and violent crime down 91%, indicating improving conditions. The neighborhood ranks 562nd of 1,441 metro neighborhoods for overall crime (66th national percentile), placing it above metro median for safety.
While property offense rates remain elevated at approximately 1,000 per 100,000 residents, the significant recent declines suggest positive trajectory. Investors should monitor these trends as part of tenant retention and leasing velocity considerations in this urban core location.
The West Hollywood area benefits from proximity to major entertainment and corporate headquarters, supporting professional renter demand and commute convenience.
- Live Nation Entertainment — entertainment services (0.7 miles)
- Live Nation Entertainment — entertainment services (0.9 miles) — HQ
- Activision Blizzard Studios — gaming & technology (1.1 miles)
- AECOM — engineering & construction (2.2 miles) — HQ
- Occidental Petroleum — energy (3.6 miles) — HQ
This 39-unit West Hollywood property capitalizes on strong urban fundamentals in an A-rated neighborhood ranking in the top 6% of metro areas. The 1987 construction year positions the asset as newer vintage relative to the neighborhood average, potentially reducing immediate capital needs while maintaining competitive positioning. Multifamily property research indicates NOI per unit averaging $16,201 ranks in the 96th national percentile, demonstrating strong income generation potential.
Demographics within the 3-mile radius show projected household growth of 38% through 2028, expanding the renter pool while home values averaging $1.6 million reinforce rental demand through elevated ownership costs. The 64% renter-occupied housing share and $117,243 median household income support lease retention, though current 85% neighborhood occupancy requires active lease management and competitive positioning.
- Top 6% neighborhood ranking among 1,441 metro areas with A-rating
- 1987 vintage newer than neighborhood average, reducing near-term capex
- Projected 38% household growth through 2028 expanding renter base
- High-income demographics with $117,243 median household income
- Risk: 85% neighborhood occupancy requires competitive lease management