State of the LAmultifamily market.
COMPUTED FROM THE LA COUNTY ASSESSOR ROLL · DATA AS OF SEPTEMBER 25, 2026 · UPDATES AUTOMATICALLY
Across the 33-ZIP Los Angeles territory tracked here, 7,101 apartment-building sales were recorded in 2023, and 8,985 have been recorded for 2024 to date, at a 2024 median of $350,000 per unit and $405 per square foot. The tracked stock totals 246,478 multifamily buildings (1,562,675 units), 89% of which were built before 1979. 51% of the tracked stock sits inside the City of Los Angeles, where that vintage is the test for the Rent Stabilization Ordinance; the rest falls under another city's ordinance or the statewide cap.
Where pricing has moved
MEDIAN ACROSS ALL RECORDED 2+ UNIT SALES IN THE TERRITORY. THE MOST RECENT YEAR REFLECTS SALES RECORDED TO THE ROLL SO FAR AND FILLS IN AS THE ASSESSOR CATCHES UP.
The comparison table
| SUBMARKET | MEDIAN $/UNIT | MEDIAN $/SF | SALES | PRE-1979 SHARE |
|---|---|---|---|---|
| Baldwin Hills / Crenshaw | $248,245 | $276 | 44 | 98% |
| East Hollywood | $360,000 | $370 | 160 | 86% |
| Echo Park / Silver Lake | $433,333 | $541 | 169 | 90% |
| Hollywood | $462,019 | $481 | 72 | 85% |
| Koreatown | $294,084 | $326 | 113 | 86% |
| Long Beach | $331,250 | $421 | 632 | 94% |
| Los Feliz | $353,792 | $422 | 86 | 93% |
| Mid-City | $406,875 | $407 | 363 | 87% |
| North Hollywood | $300,000 | $347 | 138 | 78% |
| South Los Angeles | $302,500 | $344 | 406 | 90% |
| Venice | $752,456 | $950 | 104 | 91% |
| Westlake | $275,000 | $332 | 30 | 79% |
EACH SUBMARKET LINKS TO ITS FULL FILE: YEAR-BY-YEAR TABLES, EVERY RECORDED SALE, AND A RENT-CONTROL PROFILE.
Year-over-year medians move in a narrow band. When one year prints high or low, it usually reflects which buildings happened to trade that year, not a repricing of the whole market. Watch the transaction count instead. Volume thins before pricing does, because owners who don't have to sell simply stop.
The gaps between submarkets are more durable than any year's median. Neighborhoods a few miles apart trade at persistently different per-unit and per-foot levels, and that comes down to rent levels, stock age, and who is buying. Nearly every submarket here is heavily pre-1979, which means in-place rents set the floor under a trade. Asking rents do not.
Treat the most recent year as a running tally. It fills in as the assessor roll catches up. And the medians on this page are estimated from reassessment data, good enough to tell you where a submarket sits, not good enough to price your building. That takes verified comps.
Universe: parcels in the LA County Assessor secured roll classed as 2-, 3-, 4-, or 5+ unit residential income property across 33 ZIP codes in 12 covered submarkets, joined with LA City datasets for local context.
Coverage: the most recent recorded transfer per parcel over roughly the last five years, limited to sales that reset the Proposition 13 base year and to parcels assessed at $100,000 or more, so a building that traded more than once appears once, and earlier sales are not shown. Prices are estimated from the LA County assessor roll: the Prop-13 reassessment recorded at sale, deflated 2%/yr back to the sale date. They are estimates, not verified closing prices.
Medians are computed per calendar year of sale; the RSO-era share is the fraction of multifamily stock built in or before 1978, the City of LA Rent Stabilization Ordinance cutoff. All figures on this page recompute automatically as the roll refreshes, last computed september 25, 2026. Cap rates and GRMs never appear here because they cannot be derived from public records; those live on the submarket pages, maintained from verified closed comps.
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