| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 60th | Good |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1320 W Sunset Blvd, Los Angeles, CA, 90026, US |
| Region / Metro | Los Angeles |
| Year of Construction | 2006 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1320 W Sunset Blvd Los Angeles Multifamily Investment
Strong neighborhood renter concentration and solid occupancy support durable leasing, according to WDSuite’s CRE market data. Elevated ownership costs in the area further reinforce reliance on multifamily housing.
Situated in Los Angeles a Urban Core, the property benefits from a neighborhood rated A and positioned well above many metro peers for everyday convenience. Amenity access ranks among the strongest nationally, with dense clusters of restaurants, cafes, groceries, parks, and pharmacies supporting resident livability and leasing velocity. Average school ratings trend around the national middle, which can still meet expectations for urban renters prioritizing commute and amenity access.
Neighborhood occupancy is above national norms, and the share of renter-occupied housing is among the highest in the metro, indicating a deep tenant base and stable demand for professionally managed apartments. Median contract rents in the neighborhood have risen over the past five years while remaining aligned with urban Los Angeles dynamics b combined with steady occupancy, this backdrop generally supports predictable cash flow for well-operated assets.
The asset as 2006 construction stands newer than much of the surrounding housing stock (which skews mid-20th century), providing competitive positioning versus older inventory. Investors should still plan for mid-life system updates and common-area refreshes that can sustain long-run competitiveness and support rent trade-outs.
Within a 3-mile radius, demographics indicate modest population growth historically and a notable increase in households alongside smaller average household sizes. This points to more one- and two-person households entering the renter pool, supporting occupancy stability and consistent leasing prospects. In a high-cost ownership market, elevated home values tend to keep multifamily options comparatively more accessible, reinforcing tenant retention and pricing power with disciplined lease management and renewal strategy.
Based on WDSuite as CRE market data, the neighborhood compares favorably to national norms for overall safety, sitting above the national average. Recent data also indicate meaningful year-over-year declines in both estimated violent and property offenses, suggesting improving conditions. As with any urban core location, safety can vary block to block, so investors typically underwrite to property-level security measures and operational practices.
Proximity to major employers supports a broad renter base and commute convenience, bolstering leasing and retention for workforce and professional tenants. Notable nearby employers include Microsoft, Reliance Steel & Aluminum, CBRE Group, Live Nation Entertainment, and Avery Dennison.
- Microsoft tech offices (1.36 miles)
- Reliance Steel & Aluminum metals distribution (1.43 miles) HQ
- CBRE Group commercial real estate services (1.45 miles) HQ
- Live Nation Entertainment entertainment (5.67 miles)
- Avery Dennison packaging & labels (5.84 miles) HQ
This 33-unit, 2006-vintage asset offers urban-core positioning with newer construction relative to surrounding stock, enhancing competitiveness against older buildings while leaving room for targeted mid-life upgrades. The neighborhood shows above-average occupancy, strong renter-occupied share, and high amenity access b together these dynamics support tenant demand and steady leasing. In a high-cost ownership market, elevated home values tend to sustain rental reliance and reinforce pricing power when paired with disciplined operations. According to CRE market data from WDSuite, the area also posts strong average NOI per unit and a renter share near the top of the metro, underscoring the depth of the tenant base.
Within a 3-mile radius, trends point to a larger household count and smaller household sizes over time, implying ongoing renter pool expansion that can support occupancy stability. Investors should balance these strengths with prudent underwriting to rent-to-income conditions and measured capital planning for building systems typical of assets reaching their third decade.
- Urban-core location with dense amenities, supporting leasing velocity and retention
- 2006 construction outcompetes older neighborhood stock while allowing targeted value-add
- High renter-occupied share and above-average neighborhood occupancy support stable demand
- Household growth and smaller household sizes within 3 miles expand the renter base
- Risk a affordability pressure and mid-life capital needs warrant disciplined rent and CapEx planning