South & Central LA Apartment Building Sales
Explore 19 closed transactions totaling $31.69M in the South & Central LA market. Data from the LAAA Team at Marcus & Millichap.
Request Free Valuation19
Transactions
$31.69M
Total Volume
6.12%
Avg Cap Rate
$201,206
Avg $/Unit
7
Avg Units
2012
Since
Cap rate, price per unit and unit count are averaged across apartment sales only: 14 of these 19 closed transactions are apartment sales. A sale with no figure recorded is left out of that average, so cap rate draws on 11.
LAAA Team Track Record Since 2012
South & Central LA Multifamily Market Overview
The LAAA Team's published South and Central LA record contains 19 transactions totaling $31.7M, with closing dates from 03/25/2013 through 06/23/2026. This page groups the neighborhoods and independent cities listed below for the team's transaction reporting. It is a historical LAAA sample, not a market-wide survey or a ranking of Los Angeles investment returns.
The sample includes 14 apartment sales as well as other property types. Apartment price per unit averages $201,206 across 14 sales with usable price and unit counts. Recorded cap rates average 6.12% across 11 qualifying apartment sales. Different sale dates, unit sizes, collections and building conditions affect those figures, so they should not be applied directly to a property being valued now.
The closing table includes apartment transactions at 3555 Siskiyou St and 542 W 76th St, alongside a land transaction at 10727 S Central Ave. That mix matters: apartment cap rates and per-unit figures exclude land and commercial sales, while transaction count and volume include them. For a specific assignment, we compare the building with relevant recent sales rather than combine unlike properties into a pricing conclusion.
Sellers can prepare by organizing the current rent roll, actual collections, leases, operating expenses, repair history and unit documentation. Buyers need those records to distinguish occupied income from projected income and to assess future capital spending. A higher historical cap rate alone does not establish stronger cash flow after financing, repairs and reserves.
This coverage includes both City of Los Angeles neighborhoods and independent cities such as Inglewood and Hawthorne. Confirm the property's jurisdiction and local and statewide rent-rule coverage before assuming allowable increases, exemptions or tenancy requirements. Property-specific records and recent comparable sales should drive the sale strategy.
Across 69 Los Angeles County buildings with a 2024 to 2026 premium in our deals and files, apartment insurance ran a median $982 per unit a year, or $1.11 per square foot, as of October 2026. See the apartment building insurance guide.
Market Snapshot
Source: CoStar | South La Multifamily | 2026 Q1Rents by Unit Type
Investment Activity (Trailing 12 Mo)
City Breakdown
South Los Angeles
12$20.58M volume
Avg cap: 6.04%
Avg $/unit: $190,100
View City →
Boyle Heights
2$3.15M volume
Avg cap: 6.51%
Avg $/unit: $334,822
Downtown LA
2$3.67M volume
Avg cap: 6.86%
Avg $/unit: $128,333
Baldwin Hills
1$2.30M volume
Avg cap: 4.53%
Avg $/unit: $230,000
Compton
1$1.20M volume
Lincoln Heights
1$780,000 volume
Avg cap: 7.07%
Avg $/unit: $78,000
South & Central LA Market Area
LAAA Team Closings in South & Central LA
19 transactions totaling $31.69M by Glen Scher, Filip Niculete & the LAAA Team
3555 Siskiyou St
Los Angeles • 2026
$1,100,000Units
7$/Unit
$157,143
819 Beacon Ave
Los Angeles • 2025
$1,925,000Units
15Cap
6.86%$/Unit
$128,333
10727 S Central Ave
Los Angeles • 2023
$995,000
1322 W Maryland St
Los Angeles • 2022
$1,750,000
542 W 76th St
Los Angeles • 2022
$1,325,000Units
6Cap
5.12%$/Unit
$220,833
841 W 74th St
Los Angeles • 2022
$600,000Units
4Cap
5.86%$/Unit
$150,000
343 W 89th St
Los Angeles • 2021
$2,475,000Units
10Cap
5.27%$/Unit
$247,500
324 W 51st St
Los Angeles • 2021
$1,095,000Units
4$/Unit
$273,750
11700 Normandie Ave
Los Angeles • 2021
$1,486,500Units
6Cap
4.98%$/Unit
$247,750
2469 E 7th St
Los Angeles • 2021
$2,050,000Units
4Cap
6.51%$/Unit
$512,500
806 W 47th St
Los Angeles • 2021
$3,225,000
4009 S Muirfield Rd
Los Angeles • 2019
$2,300,000Units
10Cap
4.53%$/Unit
$230,000
810 West 42nd Place
Los Angeles • 2019
$750,000Units
5Cap
5.18%$/Unit
$150,000
3207 West 73rd Street
Los Angeles • 2015
$760,000Units
8Cap
-3.53%$/Unit
$95,000
255-269 South Mariposa Avenue
Los Angeles • 2015
$6,150,000
14803 South Stanford Avenue
Compton • 2015
$1,200,000
238 South Avenue 21
Los Angeles • 2014
$780,000Units
10Cap
7.07%$/Unit
$78,000
9617-9623 South San Pedro Street
Los Angeles • 2013
$970,000Units
7Cap
8.20%$/Unit
$138,571
8823 South Figueroa Street
Los Angeles • 2013
$750,000Units
4Cap
7.69%$/Unit
$187,500
Source: LAAA Team Closed Transactions
Selected Deal Stories
Our Active Listings in South & Central LA
No active public listings at this time.
Contact us for off-market opportunities in South & Central LA.
South & Central LA Multifamily Investment FAQs
The team's historical South and Central LA apartment sample averages $201,206 per unit across 14 sales with usable price and unit counts. The overall transaction record runs from 03/25/2013 through 06/23/2026. A current valuation requires the property's income, expenses, condition, unit mix, rent restrictions and relevant recent comparable sales.
The team's recorded apartment cap rates average 6.12% across 11 historical sales with a positive recorded rate. This is an average of qualifying LAAA closings, not the cap rate available on every South LA property now. Compare sale date, actual net operating income, condition and required capital work before drawing a pricing or return conclusion.
The answer depends on the property and the buyer's plan. Review actual collections, vacancy, operating costs, repair needs, rent-rule coverage and financing terms. The team's published transactions provide examples to compare, but historical averages do not establish future appreciation or cash flow for a proposed purchase.
The page covers several jurisdictions, so coverage must be checked for the exact address. Review construction and occupancy history, local registrations, leases and any claimed exemption. Local ordinances and statewide protections can both matter. Confirm current requirements with the responsible housing agency and counsel before underwriting rent increases or tenancy changes.
The published record contains 19 transactions totaling $31.7M, dated 03/25/2013 through 06/23/2026. Every recorded closing is listed below. Counts and volume include all recorded property types; cap-rate and price-per-unit averages use only apartment sales with the required recorded figures.
Also Explore
What's Your South & Central LA Apartment Building Worth?
Get a complimentary Broker Opinion of Value from the LAAA Team.