Mid-City Apartment Building Sales
Explore 5 closed multifamily transactions totaling $9.25M in Mid-City. Data from the LAAA Team at Marcus & Millichap.
5
Transactions
$9.25M
Total Volume
4.32%
Avg Cap Rate
$385,062
Avg $/Unit
7
Avg Units
2013
Since
Mid-City Multifamily Market Overview
Mid-City is a tree-lined corridor near the Miracle Mile, LACMA, and Hancock Park. Across 5 transactions totaling $9.3M, average cap rate is 4.32% at $385K per unit across 28 units. Metro Purple Line extension coming. LA RSO applies.
Market Metrics
Total Deals
5
Total Volume
$9.25M
Avg Cap Rate
4.32%
Cap Rate Range
3.71% - 5.07%
Avg $/Unit
$385,062
$/Unit Range
$88,462 - $675,000
Avg Units/Deal
7
Deal Types
Apartments: 4, Land: 1
Market Snapshot
Source: CoStar | Mid-Wilshire Multifamily | 2026 Q1Rents by Unit Type
Supply & Demand
Investment Activity (Trailing 12 Mo)
LAAA Team Closings in Mid-City
5transactions by Glen Scher, Filip Niculete & the LAAA Team
1420 Cochran Ave
Los Angeles • 2025
$1.15MUnits
13$/Unit
$88,462
1818 Clyde Ave
Los Angeles • 2022
$1.35M
1626 South La Brea Ave
Los Angeles • 2021
$2.70MUnits
4Cap
5.07%$/Unit
$675,000
1048 S Orange Dr
Los Angeles • 2019
$1.85MUnits
4Cap
3.71%$/Unit
$462,500
1630 S Gramercy Pl
Los Angeles • 2018
$2.20MUnits
7Cap
4.18%$/Unit
$314,286
Source: LAAA Team Closed Transactions
Recent Deal Stories
Mid-City Multifamily Investment FAQs
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