Sell your apartment building in Los Angeles.

Shaya Lowenstein is a Los Angeles multifamily broker at Lyon Stahl Investment Real Estate, CA DRE 01942326, with 15 years in apartment buildings and land across Los Angeles County. 22 closed transactions are published here, recorded between 2015 and 2026, totalling $33,176,800 in recorded closing prices, each one listed with its address and recording date so it can be checked against the Los Angeles County record.

What the number actually depends on

An LA apartment building has at least three defensible values and the gap between them is usually the whole negotiation: in-place income at today's cap rates, market-rent potential after honest turnover math, and land value if the lot entitles more than the building standing on it. Rent stabilization decides how fast the second one is reachable, and on a long-held building the loss-to-lease is frequently worth more than every other variable put together. Anyone who gives you one figure without showing you all three has not done the work.

Selling by submarket

What decides price, who the buyers are, and which ordinance governs, per submarket. Long Beach is its own city with its own rules, and a broker who works only inside City of Los Angeles limits will underwrite it wrong in both directions.

• Selling in Baldwin Hills / Crenshaw
• Selling in East Hollywood
• Selling in Echo Park / Silver Lake
• Selling in Hollywood
• Selling in Koreatown
• Selling in Long Beach
• Selling in Los Feliz
• Selling in Mid-City
• Selling in North Hollywood
• Selling in South Los Angeles
• Selling in Venice
• Selling in Westlake

Before you pick anyone

• How to choose a multifamily broker in Los Angeles, including how to verify any broker's sales claims against public records. Every transaction count published on a broker site in California is self-reported and unaudited, mine included.
• How brokers actually value an LA apartment building.
• Whether to sell at all, or refinance and hold.
• Selling with tenants in place, which is most of this market.
• Measure ULA, the seller's cost on sales above the threshold inside City of LA limits.
• 1031 exchanges, if the tax bill is the reason you have not sold.

Start with a number

The address is enough. You get closed comps, a rent survey within blocks, the as-is and upside numbers, and the play I would run if the building were mine. It is free, it is confidential, and most owners sit on it for months without listing. If the answer is that you should hold or refinance, I will say so.