WeHo Posts Highest Increase in Property Values in L.A. County

Is West Hollywood real estate worth investing in? The answer to that question is “yes” if you consider the increase in property values in 2015 over last year.

revenue increaseNumbers from the L.A. County Assessor’s office, headed by former WeHo Councilmember Jeffrey Prang, show the value of property in West Hollywood increased by 9.8 percent in 2015 over 2014 — the highest percentage growth in all 88 cities in Los Angeles County.

The assessed valuation of West Hollywood real estate in 2014 was $8,775,937,654. In 2015 it increased by $864,356,661 to $9,640,294,315. The Assessor’s Office determines values of local property against which the County of Los Angeles levies a tax.

There are 9,609 total parcels in West Hollywood according to the Assessor’s Office. Of those, 6,600 are single-family residential parcels, 2,048 are residential income parcels (apartment buildings), and 961 are commercial-industrial parcels.


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Jonathan Simmons
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Jonathan Simmons

WOW … I’ve never heard of any city or part there of NEEDING the CA Redevelopment’s Funding to help to get developers to want to come in, deal with a falling apart community, and not risk financial failure due to the sketchy nature of an area in NEED OF REDEVELOPMENT having the highest growth in property values. But (maybe it’s a Republcan moto or a Trump’ism) IF YOU GIVE MONEY TO THE ALREADY SUPER RICH, IT WILL BENEFIT THE POOR AND BLIGHTED PORTIONS OF A CITY. I think rational thinking is perhaps, give financial assistance to people living in what… Read more »

Brian Holt
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Brian Holt

@weho is imploding: Your argument is neither cogent or factual. Save the pity party for those who feed off hysteria and misinformation. Instead, please offer accurate data when presenting your case. For instance, more single family homes have been destroyed and their parcels divided to make way for multiple housing units. Destroying what were once vibrant, family communities.

West Hollywood is not obligated to be or become a low income city – only. We take of our own more than most. Why can’t you folks see this. The data doesn’t lie.

WeHo Is Imploding !
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WeHo Is Imploding !

Pre-WeHo and a number of years post WeHo incorporation as a city, the 99% dominated the population. Now, the trend is for the 1% to eventually occupy WeHo and have the 99% re-locate elsewhere. What a truly sad commentary, especially for a city founded with the help of CES, renters, etc.

Chris Sanger
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Chris Sanger

Yet more evidence of what horrible failures of council has been and people don’t want to live here . The traffic, the construction – who would possibly want to live here?