| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 91st | Best |
| Amenities | 47th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 114 S Doheny Dr, West Hollywood, CA, 90048, US |
| Region / Metro | West Hollywood |
| Year of Construction | 1992 |
| Units | 28 |
| Transaction Date | 2005-08-26 |
| Transaction Price | $6,568,537 |
| Buyer | Xenon Investment Corp (et |
| Seller | LA Ventures VI, LLC |
114 S Doheny Dr West Hollywood Multifamily Opportunity
Positioned in a high-cost ownership pocket of West Hollywood, the neighborhood s renter base is deep and sustained; according to WDSuite s CRE market data, local ownership costs support durable rental demand rather than for-sale absorption.
Located in West Hollywood s Urban Core, the area scores A- overall and is Top quartile nationally for demographics quality, ranking 48 among 1,441 Los Angeles-Long Beach-Glendale neighborhoods. Caf e9 and restaurant density is a clear advantage for urban renters, with caf e9 and restaurant availability ranking in the Top quartile among 1,441 metro neighborhoods and national percentiles in the upper 90s. Grocery access is Above metro median (589 of 1,441) and around the 90th percentile nationally, reinforcing daily convenience that supports retention.
Construction vintage at the property is 1992, newer than the neighborhood s average stock from 1984. For investors, that positioning typically enhances competitiveness versus older buildings, while still warranting capital planning for aging systems or selective modernization to meet current renter expectations.
The neighborhood exhibits a high share of renter-occupied housing (above the 90th percentile nationally), indicating depth in the tenant base and consistent leasing velocity. While the neighborhood occupancy rate has been lower relative to many peer areas, WDSuite s CRE market data indicate occupancy has trended upward over the past five years, suggesting improving stability. Manage-to-market strategies and thoughtful leasing can capture this momentum.
Within a 3-mile radius, demographics point to a high-income renter pool and a projected increase in households by the next five-year read, indicating a larger tenant base over time. Median home values in the neighborhood sit near the top nationally, creating a high-cost ownership market that tends to reinforce multifamily reliance and supports pricing power when operations are well managed. Rent-to-income ratios imply some affordability pressure, so underwriting should incorporate prudent renewal management and amenity-driven value drivers.
Safety trends are mixed and should be evaluated within the broader Los Angeles-Long Beach-Glendale context. The neighborhood s overall crime rank sits in the lower half of the metro (882 among 1,441 neighborhoods), placing it roughly around the national middle by percentile. Property offense indicators track below national medians (around the lower third by percentile), while violent offense levels are closer to the national midpoint. Importantly, violent offense has shown a meaningful year-over-year decline, with improvement that is Above metro average compared with peers.
For investors, the takeaway is to balance the infill location benefits with standard operating measures: emphasize access control, lighting, and resident engagement to support retention, and benchmark loss trends against similar urban-core assets in the metro.
Proximity to entertainment, engineering, and energy corporate offices supports a strong commuter tenant base and leasing durability. Notable nearby employers include Live Nation Entertainment, Activision Blizzard Studios, AECOM, and Occidental Petroleum.
- Live Nation Entertainment entertainment (0.29 miles)
- Live Nation Entertainment entertainment (0.51 miles) HQ
- Activision Blizzard Studios media & gaming (0.79 miles)
- AECOM engineering & infrastructure (1.92 miles) HQ
- Occidental Petroleum energy (3.28 miles) HQ
114 S Doheny Dr offers boutique scale in a prime West Hollywood infill location with strong day-to-day convenience and a deep renter base. Based on CRE market data from WDSuite, the neighborhood s high renter concentration and upscale ownership market support steady multifamily demand and retention, while recent occupancy trends have been improving. The 1992 vintage positions the asset competitively versus older local stock, with potential to create value through targeted upgrades and operational excellence.
Within a 3-mile radius, projections point to household growth and income strength, expanding the prospective renter pool and supporting rent levels typical of urban core Los Angeles submarkets. At the same time, affordability pressure and mixed safety readings argue for disciplined leasing, amenity alignment, and expense controls to sustain performance through cycles.
- Infill West Hollywood location with Top quartile food-and-beverage density supporting renter appeal
- 1992 construction offers competitive positioning versus older neighborhood stock with targeted modernization upside
- High renter-occupied share and projected household growth within 3 miles underpin a larger tenant base
- High-cost ownership market reinforces rental reliance and supports pricing power with prudent lease management
- Risks: affordability pressure, mixed safety metrics, and historically softer neighborhood occupancy require disciplined operations