Selling an apartment building in Baldwin Hills / Crenshaw.
Shaya Lowenstein is a multifamily broker who sells apartment buildings in Baldwin Hills / Crenshaw, Los Angeles, and holds California DRE license 01942326. Baldwin Hills / Crenshaw holds 1,151 multifamily buildings carrying 9,783 apartment units, of which 98% were built in or before 1978 and are therefore generally covered by the Los Angeles Rent Stabilization Ordinance. 44 apartment buildings recorded a sale here in 2024, at a median of $248,245 per unit.
Submarket figures from the Los Angeles County assessment roll, August 2026.
What decides price on these blocks
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 in Baldwin Hills / Crenshaw
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.
How I run the sale
I price the building three ways before we talk about listing it: in-place income at today's cap rates, market-rent potential after honest turnover math, and land value if the lot is worth more than the building standing on it. You get the closed comps behind each number and the ones that argue against me. If the answer is that you should refinance or hold, I will say so, and that has happened often enough that I would rather tell you early than spend six months proving it.
Interview other brokers. Give us the same rent roll and the same questions, and check what each of us tells you against the county record before you sign anything.
Before you list
- How to choose a multifamily broker in Los Angeles, including how to verify any broker's sales claims against public records.
- Recorded apartment sales in Baldwin Hills / Crenshaw, the comps themselves, with dates and prices.
- How brokers actually value an LA apartment building.
- Measure ULA, which applies to sales inside City of Los Angeles limits above the current threshold and is the seller's cost.