| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 83rd | Best |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1321 N Sycamore Ave, Los Angeles, CA, 90028, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1987 |
| Units | 39 |
| Transaction Date | 2012-12-31 |
| Transaction Price | $6,188,561 |
| Buyer | 1321 N SYCAMORE TIC LLC |
| Seller | AMERICAN ACADEMY OF DRAMATIC ARTS |
1321 N Sycamore Ave Los Angeles Multifamily Position
Neighborhood data points to a deep renter base and a high-cost ownership market that supports sustained apartment demand in Hollywood, according to WDSuite’s CRE market data. These metrics reflect neighborhood conditions, not the property’s own operations.
Located in Hollywood’s urban core, the neighborhood ranks 38 out of 1,441 Los Angeles–Long Beach–Glendale neighborhoods, placing it in the top quartile locally. Amenity density is a key strength: restaurants and grocery access sit in the 99th percentile nationally, with pharmacies at the 100th percentile, creating strong day-to-day convenience that supports leasing and retention.
The building’s 1987 vintage is newer than the neighborhood’s average 1968 construction year. That positioning can be competitive versus older local stock while still warranting targeted modernization and system updates to meet current renter expectations and manage long-term capital needs.
Tenure indicators show a high share of renter-occupied housing units in the neighborhood (around three-quarters), signaling depth in the tenant base. Median home values rank in the 98th percentile nationally, a high-cost ownership landscape that can reinforce reliance on multifamily housing and support pricing power when managed alongside rent-to-income considerations.
Within a 3-mile radius, demographic statistics indicate households have increased even as population edged lower, pointing to smaller household sizes and sustained rental demand. Forward-looking data shows increases in households and incomes by 2028, expanding the potential renter pool and supporting occupancy stability over time.
Operationally, neighborhood occupancy is below the national median, suggesting lease-up and renewal strategies may require active management. However, strong amenity access, high educational attainment, and above-median household incomes at the neighborhood level provide supportive fundamentals for stabilized multifamily assets.
Safety indicators for the neighborhood are mixed but improving. The area is competitive among Los Angeles–Long Beach–Glendale neighborhoods (ranked 550 of 1,441), with overall crime levels comparing better than many U.S. neighborhoods (around the 67th national percentile). Property and violent offense measures track below the national median, yet recent year-over-year declines are notable, indicating a favorable directional trend. These figures reflect neighborhood conditions rather than the specific block or property.
Proximity to entertainment and media employers underpins workforce housing demand and commute convenience for renters. Nearby anchors include Live Nation Entertainment, Activision Blizzard Studios, Radio Disney, and Disney.
- Live Nation Entertainment — entertainment (0.43 miles)
- Live Nation Entertainment — entertainment (3.49 miles) — HQ
- Activision Blizzard Studios — video games (3.78 miles)
- Radio Disney — media (3.99 miles)
- Disney — media & entertainment (4.39 miles) — HQ
This 39-unit, 1987-vintage asset sits in a top-ranked Hollywood neighborhood with exceptional amenity access and a renter-leaning housing stock. The asset’s newer vintage versus local averages offers competitive positioning against older inventory, with potential to unlock value through targeted modernization. Elevated neighborhood home values and a high share of renter-occupied units point to a durable tenant base and support for rent growth when balanced with rent-to-income management. According to CRE market data from WDSuite, neighborhood occupancy trends sit below the national median, underscoring the importance of disciplined leasing and retention strategies.
Within a 3-mile radius, households have grown and are projected to expand meaningfully by 2028 even as average household size declines, which can increase the number of renters entering the market. Combined with strong area employers and daily-life convenience, these dynamics support long-term demand for well-managed, updated multifamily units in this location.
- Renter-leaning neighborhood and high ownership costs bolster tenant base and pricing power.
- 1987 vintage is newer than local averages, with value-add potential via modernization.
- Strong amenity access and proximity to major entertainment employers support retention.
- 3-mile household growth and income gains through 2028 expand the renter pool.
- Risk: Neighborhood occupancy sits below the national median, requiring active lease management.