| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 85th | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8720 Burton Way, West Hollywood, CA, 90048, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1986 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8720 Burton Way West Hollywood Multifamily Asset
Positioned in a high-income, renter-heavy West Hollywood corridor, the asset benefits from resilient renter demand and a deep tenant base, according to WDSuite’s CRE market data. Elevated ownership costs in the surrounding area support leasing durability and pricing power for well-managed units.
West Hollywood’s Urban Core setting offers dense lifestyle amenities that appeal to renters and support absorption. Neighborhood rankings place it among the stronger Los Angeles sub-areas for overall investment appeal (ranked 82 of 1,441 metro neighborhoods), with cafes, restaurants, groceries, and pharmacies at or near top-quartile national availability—conducive to retention and leasing velocity for professionally managed multifamily.
The property’s 1986 vintage is newer than the neighborhood’s average construction year (1971). That relative youth can be a competitive edge versus older stock, while still warranting targeted modernization of building systems and interiors to drive rent premiums and reduce near-term capital volatility.
Tenure patterns reinforce depth of demand: the neighborhood shows a high share of renter-occupied housing, indicating a large and active tenant pool that can support occupancy stability. Within a 3-mile radius, household incomes are strong and median contract rents have trended upward over the last five years, while the rent-to-income ratio suggests manageable affordability pressure—favorable for renewal capture when paired with asset quality and service.
Demographic statistics aggregated within a 3-mile radius indicate recent softness in population but a forward view that points to household growth and a smaller average household size by 2028. That combination typically expands the renter pool and supports leasing, particularly for well-located, mid-size units. Neighborhood home values rank among the highest nationally, creating a high-cost ownership market that tends to sustain multifamily demand and reduce move-outs to homeownership.
Operationally, neighborhood occupancy has softened over the past five years, which places a premium on active leasing, differentiated amenities, and renewal management. Even so, neighborhood-level income performance is strong, with NOI per unit sitting in the upper tier versus LA peers—an indicator that well-positioned assets can execute despite competitive supply.
Safety indicators are mixed but improving. Overall crime levels align above the national median for safety (around the 66th percentile nationally), suggesting comparatively favorable conditions versus many urban neighborhoods.
Breakout metrics provide nuance: violent incidents sit closer to the national middle (about the 43rd percentile), while property-related incidents have historically been higher than average (around the 23rd percentile). Recent year-over-year trends show meaningful declines in both categories, indicating positive momentum. Within the Los Angeles-Long Beach-Glendale metro, the neighborhood’s crime rank is moderate relative to 1,441 neighborhoods, underscoring the importance of standard property-level measures—access control, lighting, and visible management presence—to support resident comfort and retention.
The area is supported by nearby entertainment, engineering, and energy corporate offices that broaden the professional renter base and shorten commutes for residents.
- Live Nation Entertainment — corporate offices (0.68 miles)
- Live Nation Entertainment — corporate offices (0.94 miles) — HQ
- Activision Blizzard Studios — entertainment & gaming (1.05 miles)
- AECOM — engineering & infrastructure (2.17 miles) — HQ
- Occidental Petroleum — energy (3.62 miles) — HQ
8720 Burton Way offers investors a West Hollywood address with dense amenity coverage, high-income renter demand, and a cost-of-ownership backdrop that supports multifamily reliance. The 1986 vintage is newer than the area’s average stock, positioning the asset to compete effectively with selective system upgrades and interior enhancements that can translate into rent premiums and lower turnover. Neighborhood occupancy has softened in recent years, according to CRE market data from WDSuite, but a large renter concentration, strong local incomes, and proximity to employers support the case for stabilized leasing with active management.
Forward-looking demographics aggregated within a 3-mile radius point to growth in households and a smaller average household size by 2028—typically expanding the renter pool and reinforcing renewal potential. Elevated home values in the area create a high-cost ownership market, which often sustains multifamily demand and supports retention when units are well-maintained and professionally operated.
- Newer 1986 vintage versus local average, with value-add potential through targeted upgrades
- Dense amenity base and nearby corporate employment support leasing and retention
- High-cost ownership market underpins renter reliance and pricing power
- Neighborhood-level NOI per unit is strong relative to LA peers
- Risk: recent occupancy softness elevates the importance of leasing execution and renewal management