| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Poor |
| Demographics | 79th | Best |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1820 Whitley Ave, Los Angeles, CA, 90028, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1988 |
| Units | 71 |
| Transaction Date | 2011-04-15 |
| Transaction Price | $6,400,064 |
| Buyer | RWBP 1820 WHITLEY L P |
| Seller | TIVOLI SQUARE APARTMENTS L P |
1820 Whitley Ave Los Angeles Multifamily Investment
Positioned in Hollywood an urban core pocket with dense amenities and major employers this 71-unit asset benefits from a deep renter base and competitive positioning versus older stock, according to WDSuite s CRE market data.
The property sits in an Urban Core neighborhood rated A-. The area ranks 293 out of 1,441 Los Angeles metro neighborhoods, placing it in the top quartile locally for overall quality a signal of strong fundamentals for renter demand. Amenity access is a clear strength: restaurant density trends at the 100th percentile nationally, grocery and pharmacy access test near the top of the distribution, and cafes and childcare options also score well above national norms. These factors support leasing velocity and day-to-day convenience for residents.
Renter concentration in the immediate neighborhood is high (three-quarters of housing units are renter-occupied), indicating a sizable tenant base and turnover-driven demand for professionally managed apartments. Within a 3-mile radius, data point to a predominantly renter market as well, with households trending smaller a setup that typically supports absorption of studios and one-bedrooms. The average unit size of roughly 717 square feet aligns with this smaller-household profile.
Vintage matters for competitive positioning. The building s 1988 construction is newer than the neighborhood s average vintage (1970), suggesting relative appeal versus older stock while still warranting capital planning for aging systems and potential value-add upgrades to drive rent premiums.
On performance context, neighborhood NOI per unit trends in the mid-80s percentile nationally, signaling income potential relative to many U.S. areas. By contrast, neighborhood occupancy is below national norms, which can translate into leasing volatility. Taken together, this submarket rewards differentiated execution: strong amenity proximity and employer access to sustain demand, with asset-specific improvements to stabilize occupancy and retention.
Safety indicators are mixed but improving. The neighborhood ranks 496 out of 1,441 in the Los Angeles metro for crime, which is competitive among Los Angeles neighborhoods, and overall conditions benchmark around the 70th percentile nationally above the U.S. average. Property crime benchmarks closer to the national middle, while violent offense levels trend near mid-range as well.
Recent directional trends are favorable, with year-over-year declines estimated for both property and violent offenses. For investors, the takeaway is a market that compares reasonably well across the metro, with improving momentum rather than deterioration, while still warranting typical urban-core security measures and resident-experience investments.
Proximity to major entertainment and professional services employers underpins workforce demand and commute convenience for renters, including Live Nation Entertainment, Radio Disney, Disney, Activision Blizzard Studios, and AECOM.
- Live Nation Entertainment entertainment/media (0.6 miles)
- Radio Disney entertainment/media (3.4 miles)
- Disney entertainment/media (3.7 miles) HQ
- Activision Blizzard Studios gaming & media (4.6 miles)
- AECOM engineering & professional services (5.7 miles) HQ
1820 Whitley Ave offers a Hollywood infill location with dense amenities, strong employer proximity, and a renter-heavy housing stock that supports depth of demand. The 1988 vintage is newer than the neighborhood average, positioning the asset competitively versus older buildings while leaving room for targeted renovations and systems upgrades to enhance leasing performance and capture premiums. According to CRE market data from WDSuite, the neighborhood shows strong income potential relative to national benchmarks, though occupancy at the neighborhood level trends softer reinforcing the importance of asset-specific differentiation and active lease management.
Within a 3-mile radius, projections indicate rising household counts, smaller average household sizes, and higher incomes by the mid-term outlook a combination that typically supports renter pool expansion, absorption of smaller floorplans, and pricing power for well-maintained properties. The immediate area s restaurant, grocery, pharmacy, and childcare density provides everyday convenience that can bolster retention, while nearby creative and corporate employment anchors help sustain a steady inflow of tenants.
- Hollywood infill with top-tier amenity access supporting leasing velocity
- Renter-heavy neighborhood and 3-mile market indicate deep tenant base
- 1988 vintage allows value-add and systems updates to drive premiums
- Proximity to entertainment and professional employers supports demand and retention
- Risks: softer neighborhood occupancy and urban-core security considerations require hands-on management