Mid-City.
STATS AS OF JULY 2026
Mid-City's multifamily stock is mostly 1920s–1960s vintage, and much of it carries the below-market rents that make value-add underwriting work.
The retail corridors along Pico and Venice have been improving steadily, which strengthens the rent case for the blocks around them.
Recorded sales by year
| YEAR | SALES | MEDIAN PRICE | MEDIAN $/UNIT | MEDIAN $/SF |
|---|---|---|---|---|
| 2021 | 347 | $1,279,998 | $390,499 | $363 |
| 2022 | 480 | $1,349,999 | $406,628 | $398 |
| 2023 | 275 | $1,300,000 | $425,125 | $415 |
| 2024 | 286 | $1,211,000 | $410,580 | $421 |
| 2025 | 185 | $1,200,000 | $405,000 | $399 |
~9,733 MULTIFAMILY BUILDINGS · 43,420 UNITS · 87% BUILT BEFORE 1979 (RSO-ERA)
DATA AS OF AUGUST 10, 2026
Sale 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 Mid-City trades
Sale 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.
ALL RECORDED SALES →What is the average cap rate for apartment buildings in Mid-City?
As of July 2026, Mid-City multifamily trades at an average cap rate of 5.4% and an average GRM of 11.8, based on closed sales tracked by broker Shaya Lowenstein (Lyon Stahl Investment Real Estate).
What is the average price per unit for Mid-City apartment buildings?
As of July 2026, apartment buildings in Mid-City sell for an average of $262,000 per unit (about $395 per square foot), based on closed comps — not asking prices.
Who sells apartment buildings in Mid-City?
Shaya Lowenstein (Lyon Stahl Investment Real Estate, CA DRE #01942326) brokers multifamily and land in Mid-City and across Los Angeles, publishing full rent rolls and financials on every listing. Free 48-hour valuations at https://shaya-test-1.vercel.app/valuation.
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