Baldwin Hills /Crenshaw.
ESTIMATED FROM 2024 RECORDED SALES · RECOMPUTED SEPTEMBER 2026
Baldwin Hills and the Crenshaw corridor combine established owner communities with a deep bench of small multifamily, from duplexes through 12-unit buildings, much of it held by the same families for decades. The K Line has put the corridor on institutional radars, but most product still trades between private investors.
Long tenure plus transit investment makes this one of the most interesting long-horizon submarkets in South Los Angeles.
Recorded sales by year
| YEAR | SALES | MEDIAN EST. PRICE | MEDIAN EST. $/UNIT | MEDIAN EST. $/SF |
|---|---|---|---|---|
| 2020 | 17 | $989,998 | $247,396 | $292 |
| 2021 | 53 | $1,626,775 | $228,261 | $275 |
| 2022 | 73 | $3,290,000 | $328,750 | $327 |
| 2023 | 33 | $1,291,000 | $320,000 | $295 |
| 2024 | 44 | $1,575,000 | $248,245 | $276 |
~1,151 MULTIFAMILY BUILDINGS · 9,783 UNITS · 98% BUILT BEFORE 1979 (RSO-ERA)
NEWEST RECORDED SALE DEC 31, 2024 · RECOMPUTED SEPTEMBER 25, 2026
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.
Latest Baldwin Hills / Crenshaw trades
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.
What decides the price
Baldwin Hills and Crenshaw is a submarket where transit has changed the land question on specific corridors while most of the stock continues to trade on income. The K Line runs through it, which puts some parcels in play for density that were not a decade ago, and leaves the rest priced on the rent roll. Knowing which side of that line a given parcel falls on is most of the valuation. Ownership here is long-tenured and a meaningful share of transactions come out of estates and trusts, where the timeline and the tax position drive the sale at least as much as the price does.
Who buys here
Long-hold local owners, developers on the transit-adjacent parcels, and 1031 buyers. Estate and trust sales are common enough that the right answer is frequently about sequencing and basis rather than about squeezing the last two percent.
What is the average price per unit for Baldwin Hills / Crenshaw apartment buildings?
The estimated average is $276,700 per unit (about $303 per square foot). It is estimated from 44 sales recorded in 2024, the most recent year with enough recorded sales to average. These are not closing prices: each sale is priced from the LA County assessor's Prop 13 reassessment at the time of sale, deflated back to the sale date. A valuation of a specific building needs verified comps.
Who sells apartment buildings in Baldwin Hills / Crenshaw?
Shaya Lowenstein (Lyon Stahl Investment Real Estate, CA DRE #01942326) brokers multifamily and land in Baldwin Hills / Crenshaw and across Los Angeles. Free 48-hour valuations at https://www.shayarealestate.com/valuation.
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