| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 94th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8780 Shoreham Dr, West Hollywood, CA, 90069, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1972 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8780 Shoreham Dr, West Hollywood Multifamily Investment
Positioned in an amenity-rich West Hollywood pocket, the asset benefits from deep renter demand and a high-cost ownership backdrop, according to WDSuite’s CRE market data. Expect steady leasing interest driven by walkable lifestyle drivers and strong neighborhood income levels.
Location fundamentals: The neighborhood scores in top national percentiles for daily needs and lifestyle access, with dense restaurants, pharmacies, groceries, and parks within close reach. This concentration of amenities supports renter retention and leasing velocity, especially for professionals prioritizing walkability.
Schools and demographics: Average school ratings are among the strongest nationally, and the area holds an A+ neighborhood rating. Within a 3-mile radius, recent population trends were flat to slightly down, but households are projected to grow by 2028, indicating a larger tenant base and potential support for occupancy stability over the medium term. Household incomes are high relative to many U.S. neighborhoods, which can sustain Class B/C to boutique Class A demand.
Renter dynamics and pricing: The neighborhood shows a high share of renter-occupied housing units, signaling depth in the tenant pool. Elevated home values point to a high-cost ownership market that helps sustain reliance on rentals and can underpin lease retention. Median contract rents trend above national norms, so operations should prioritize value communication and service quality to manage affordability pressure and renewals.
Operating context: Neighborhood occupancy has been softer than many peer areas in the Los Angeles-Long Beach-Glendale metro, highlighting the need for disciplined leasing and renewal management. Even so, strong amenities and income levels, plus forecast growth in households within 3 miles, provide constructive fundamentals for well-operated assets.
Relative to Los Angeles-Long Beach-Glendale’s 1,441 neighborhoods, this area trends toward the lower end of safety performance, placing in the bottom quartile locally and below national averages. For investors, this typically translates to elevated emphasis on site-level security, lighting, access controls, and resident communications.
Recent data indicate property offense rates have been improving year over year in the neighborhood, while violent offense benchmarks remain weaker than national norms. The prudent approach is to underwrite modest security-related operating costs and lean on professional management to sustain resident confidence and retention.
Proximity to major entertainment, engineering, and energy corporate offices supports a strong commuter tenant base and helps leasing stability for workforce and professional renters. Nearby anchors include Live Nation Entertainment, Activision Blizzard, AECOM, Occidental Petroleum, and Disney.
- Live Nation Entertainment — entertainment & promotions (1.5 miles) — HQ
- Activision Blizzard Studios — gaming & media (2.0 miles)
- AECOM — engineering & infrastructure (3.0 miles) — HQ
- Occidental Petroleum — energy (4.2 miles) — HQ
- Disney — media & entertainment (5.6 miles) — HQ
8780 Shoreham Dr sits in a walkable West Hollywood enclave that performs in top national percentiles for lifestyle amenities and school quality, reinforcing renter appeal and lease-up velocity. High neighborhood incomes and a high-cost ownership landscape support durable multifamily demand and pricing power, while neighborhood NOI per unit benchmarks trend near the top nationally. Based on CRE market data from WDSuite, neighborhood occupancy runs softer than many LA submarkets, so execution around leasing and renewals remains important.
Built in 1972, the asset is slightly newer than the local average vintage and may compete well against older stock with targeted modernization. With renter-occupied housing prominent in the area and households within 3 miles projected to grow through 2028, the medium-term setup favors demand depth; underwriting should still account for security and operating discipline.
- Amenity-rich, top-tier neighborhood fundamentals that support leasing velocity and retention.
- High-income renter base and high-cost ownership market reinforce rental demand.
- 1972 vintage offers potential to outperform older stock with targeted upgrades.
- Risk: softer neighborhood occupancy and below-average safety require active leasing and security management.