| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 94th | Best |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 888 N West Knoll Dr, West Hollywood, CA, 90069, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1977 |
| Units | 54 |
| Transaction Date | 2000-11-27 |
| Transaction Price | $2,240,000 |
| Buyer | DESIGN CENTER TOWERS LLC |
| Seller | 888 WEST KNOLL LLC |
888 N West Knoll Dr West Hollywood Multifamily Investment
Amenity-rich West Hollywood location with an established renter base and elevated ownership costs that tend to support sustained multifamily demand, according to WDSuite s CRE market data. Neighborhood occupancy and pricing trends indicate a premium urban core positioning with depth from nearby entertainment and professional employment.
Situated in West Hollywood s Urban Core, the property benefits from dense amenities and strong neighborhood fundamentals. Dining, grocery, parks, and pharmacies are concentrated at levels that rank among the top quartile nationally, reinforcing day-to-day convenience and supporting tenant retention. Average school ratings are also at the top of the metro (ranked first among 1,441 Los Angeles neighborhoods), a differentiator for long-term livability.
Home values in the neighborhood are elevated relative to both metro and national norms, which tends to reinforce renter reliance on multifamily housing and supports pricing power for quality product. Median contract rents in the neighborhood are also high by national comparison, aligning with the area s affluent profile and lifestyle amenities. While neighborhood occupancy (not the property) sits below national averages, the surrounding tenant base remains deep and active, particularly for well-maintained assets with modernized finishes.
Within a 3-mile radius, demographic data show a high share of renter-occupied housing units and smaller average household sizes, contributing to a broad pool of renters seeking professionally managed apartments. Forward-looking projections indicate growth in households and incomes, pointing to a larger tenant base and potential for durable leasing despite near-term variability. These dynamics, paired with concentrated amenities, position the asset competitively in Los Angeles for investors conducting commercial real estate analysis.
Built in 1977, the asset is newer than the neighborhood s average vintage. Investors should plan for targeted system updates and common-area refreshes to keep the property competitive against newer deliveries, while also capturing value-add upside where unit interiors can be elevated.
Safety conditions in this part of West Hollywood track below metro averages, with the neighborhood ranking toward the higher-crime end of Los Angeles (1,229 out of 1,441). Nationally, the area sits below the median for safety. Recent trend data show estimated property offenses declining year over year, while violent incidents ticked up slightly, underscoring the importance of standard security measures and active property management.
For investors, the takeaway is comparative rather than block-specific: leasing strategies that emphasize secure access, lighting, and visible management presence typically help mitigate perception risk and support resident retention in urban core locations.
Proximity to entertainment, media, engineering, and energy headquarters and offices supports a diverse white-collar renter base and convenient commutes for residents. Nearby anchors include Live Nation, Activision Blizzard Studios, AECOM, Occidental Petroleum, and Disney.
- Live Nation Entertainment entertainment & live events (1.4 miles)
- Activision Blizzard Studios gaming & media (1.9 miles)
- AECOM engineering & infrastructure (3.0 miles) HQ
- Occidental Petroleum energy (4.3 miles) HQ
- Disney media & entertainment (5.7 miles) HQ
This 54-unit, 1977-vintage asset offers durable renter demand in an amenity-dense West Hollywood location. Elevated home values and high neighborhood rent positioning reinforce reliance on multifamily housing, while a deep professional employment base within a short commute supports leasing velocity and renewal potential. Based on CRE market data from WDSuite, the neighborhood s renter concentration and top-tier amenities point to ongoing demand depth, even as neighborhood-level occupancy runs below national norms.
The vintage suggests targeted capital planning can enhance competitiveness versus newer stock particularly through mechanical upgrades and interior modernization. Demographic data within a 3-mile radius signal growing household counts and incomes over the next few years, indicating a larger tenant pool and potential for steady absorption in well-managed properties.
- Amenity-rich Urban Core location with top-ranked schools and lifestyle depth supporting retention
- Elevated ownership costs locally reinforce reliance on rentals and pricing power for quality assets
- Large white-collar employment base nearby supports leasing stability and renewal prospects
- 1977 vintage presents value-add potential through system upgrades and interior refreshes
- Risks: neighborhood safety ranks below metro averages and occupancy is softer; active management and targeted capital can mitigate