Apartment building insurance in West Hollywood adjacent and Hollywood Hills (90046)
West Hollywood adjacent and Hollywood Hills (90046) has been trading. 8 apartment buildings here changed hands in the last six months, out of 1,221 with five or more units, and every one of those buyers had to place coverage on an escrow deadline using a policy they inherited and usually had not read.
What this means for a building in West Hollywood adjacent and Hollywood Hills (90046)
- Age. The median apartment building here was built in 1957, and 90% are pre-1978. That is the ordinance and law and soft-story conversation. Why it matters.
- Size. The average building is 16.6 units and about 13,394 square feet, which puts replacement cost near $4,353,050 at $325 per square foot.
- Rent regulation. West Hollywood rent stabilization covers buildings built before 1979, which slows a rebuild and argues for 18 to 24 months of loss of rents.
- Market. 8 buildings sold here in the last six months. Each of those buyers inherited a policy that was probably wrong on at least one of the four gaps.
- Price. Older buildings across LA County are paying $1,500 to $2,500 per unit per year. What drives it.
What I would check first on a building in West Hollywood adjacent and Hollywood Hills (90046)
If you sent me an address here, I would start with the update history on roof, plumbing, electrical and panel, with dates and permits, because underwriters price documents rather than intentions. Then the ordinance and law limits, since 90% of the buildings here would have to be rebuilt to today's code. After that, the loss of rents months, because a rent-regulated rebuild pays back slowly and twelve months runs out first. Every one of those is public record, and checking them costs you nothing.
Nearby areas
The same public records for the areas next door.
- West Hollywood (90069) 431 buildings
- Westchester (90045) 215 buildings
- South Los Angeles (90047) 197 buildings