| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 64th | Good |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 920 N Stanley Ave, West Hollywood, CA, 90046, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1974 |
| Units | 20 |
| Transaction Date | 2008-04-01 |
| Transaction Price | $3,650,000 |
| Buyer | Rancho Cardinal 41, LLC |
| Seller | Percowitz Family Trust |
920 N Stanley Ave West Hollywood 20-Unit Multifamily
Strong renter concentration and high-cost homeownership in the neighborhood point to a durable tenant base; according to CRE market data from WDSuite, local occupancy is near the metro median with stable demand drivers.
This Urban Core pocket of West Hollywood scores A- at the neighborhood level and ranks in the top quartile among 1,441 Los Angeles metro neighborhoods, supported by abundant daily conveniences. Neighborhood amenity access is a clear strength: grocery and pharmacy density ranks near the top of the metro and sits among the highest percentiles nationally, with a deep restaurant scene nearby. These fundamentals help sustain renter appeal and day-to-day livability for a 20-unit asset.
Renter concentration is notably high (neighborhood renter-occupied share above most Los Angeles areas), signaling a large tenant base and reinforcing multifamily demand. Neighborhood occupancy trends sit around the U.S. median, suggesting steady—but competitive—leasing conditions rather than outsized vacancy risk. Median home values in the neighborhood are elevated versus national norms, which generally supports renter reliance on multifamily housing and can aid lease retention.
Within a 3-mile radius, demographics show smaller average households and a renter-heavy profile, with households having edged up even as population fluctuated. Forecasts to 2028 indicate meaningful growth in households and incomes, implying a larger tenant base and potential for ongoing absorption as product modernizes. Average school ratings trail metro norms, which may narrow appeal for family renters but aligns with the area’s concentration of singles and couples in smaller floor plans.
Vintage context matters: the property’s 1974 construction is slightly newer than the neighborhood’s average stock from the early 1960s. For investors, that points to typical capital planning for systems and interiors, with potential value-add via modernization to stay competitive against newer deliveries while leveraging strong amenity access and a deep renter pool.
Safety indicators for the neighborhood track near the Los Angeles metro median based on rank among 1,441 neighborhoods, with a mix of signals when viewed nationally. Property and violent offense rates benchmark below national medians in percentile terms, but both have shown notable year‑over‑year improvement, indicating momentum rather than deterioration.
For investors, the takeaway is trend direction: recent declines in both property and violent offenses suggest improving conditions. Still, outcomes vary block to block in urban settings, so underwriting should assume standard security measures and professional management practices typical for dense Los Angeles submarkets.
Nearby employment is anchored by entertainment, media, engineering, and energy firms, supporting demand from professionals seeking short commutes. The employers below represent the most proximate drivers of white-collar renter demand in this submarket.
- Live Nation Entertainment — entertainment (1.2 miles)
- Activision Blizzard Studios — media & gaming (2.9 miles)
- AECOM — engineering & infrastructure (4.0 miles) — HQ
- Disney — entertainment (5.1 miles) — HQ
- Occidental Petroleum — energy (5.4 miles) — HQ
920 N Stanley Ave offers a 20‑unit footprint with 1974 construction in an A‑rated Urban Core neighborhood where renter concentration is high and home values are elevated relative to national levels. Based on CRE market data from WDSuite, neighborhood occupancy trends sit near the metro median, while amenity density (groceries, pharmacies, and restaurants) ranks among the strongest nationally—factors that underpin durable leasing and day‑to‑day convenience.
The vintage and average unit size position the asset for a targeted value‑add plan—modernizing interiors and building systems to compete with newer product—while West Hollywood’s professional employment base supports depth of demand. Demographic data within a 3‑mile radius points to smaller households today and forecast growth in households and incomes by 2028, which aligns with sustained demand for well-located, efficiently sized units. Key underwriting considerations include rent-to-income affordability pressure and standard capex for 1970s systems.
- High renter concentration and elevated ownership costs support a deep tenant base.
- Amenity-rich Urban Core location aids lease retention and everyday convenience.
- 1974 vintage presents clear value‑add potential through unit and systems modernization.
- 3‑mile demographics point to smaller households and forecast household growth, expanding the renter pool.
- Risk: affordability pressure and typical urban safety variability warrant disciplined lease and OPEX management.