South Los Angeles Apartment Building Sales

Explore 12 closed multifamily transactions totaling $20.58M in South Los Angeles. Data from the LAAA Team at Marcus & Millichap.

12

Transactions

$20.58M

Total Volume

6.04%

Avg Cap Rate

$190,100

Avg $/Unit

6

Avg Units

2013

Since

South Los Angeles Multifamily Market Overview

South Los Angeles offers the highest yields and most affordable per-unit pricing in the LA metro. Across 12 transactions totaling $20.6M, average cap rate is 6.04% at $190K per unit across 54 units. Proximity to USC, SoFi Stadium, and Metro lines. LA RSO applies.

Market Metrics

Total Deals

12

Total Volume

$20.58M

Avg Cap Rate

6.04%

Cap Rate Range

4.98% - 8.20%

Avg $/Unit

$190,100

$/Unit Range

$95,000 - $273,750

Avg Units/Deal

6

Deal Types

Apartments: 9, Land: 2, Industrial: 1

Market Snapshot

Source: CoStar | South Los Angeles Multifamily | 2026 Q1
26,773Total Units
3.8%↑ from 2.8%Vacancy Rate
$2,075Market Rent/Unit
+1.5%Rent Growth (YoY)
5.2%Market Cap Rate
$277KMarket $/Unit

Rents by Unit Type

Studio$1,580/mo
1 Bedroom$1,819/mo
2 Bedroom$2,211/mo
3 Bedroom$2,841/mo

Supply & Demand

Under Construction0 units
Delivered (12 mo)9 units
Net Absorption (12 mo)-257 units
Occupancy Rate96.2%

Investment Activity (Trailing 12 Mo)

Sales Volume$50.5M
Transactions12
Avg Price/Unit$277K
Avg Cap Rate5.2%

LAAA Team Closings in South Los Angeles

12transactions by Glen Scher, Filip Niculete & the LAAA Team

10727 S Central Ave

Los Angeles2023

Price
$995,000

542 W 76th St

Los Angeles2022

Price
$1.32M
Units
6
Cap
5.12%
$/Unit
$220,833

841 W 74th St

Los Angeles2022

Price
$600,000
Units
4
Cap
5.86%
$/Unit
$150,000

343 W 89th St

Los Angeles2021

Price
$2.48M
Units
10
Cap
5.27%
$/Unit
$247,500

324 W 51st St

Los Angeles2021

Price
$1.09M
Units
4
$/Unit
$273,750

11700 Normandie Ave

Los Angeles2021

Price
$1.49M
Units
6
Cap
4.98%
$/Unit
$247,750

806 W 47th St

Los Angeles2021

Price
$3.23M

810 West 42nd Place

Los Angeles2019

Price
$750,000
Units
5
Cap
5.18%
$/Unit
$150,000

3207 West 73rd Street

Los Angeles2015

Price
$760,000
Units
8
Cap
-3.53%
$/Unit
$95,000

255-269 South Mariposa Avenue

Los Angeles2015

Price
$6.15M

9617-9623 South San Pedro Street

Los Angeles2013

Price
$970,000
Units
7
Cap
8.20%
$/Unit
$138,571

8823 South Figueroa Street

Los Angeles2013

Price
$750,000
Units
4
Cap
7.69%
$/Unit
$187,500

Source: LAAA Team Closed Transactions

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Your LA Apartment Investment Advisors

Glen Scher

Glen Scher

Senior Managing Director Investments

(818) 212-2808

Email Glen

License(s): CA: 01962976

Filip Niculete

Filip Niculete

Senior Managing Director Investments

(818) 212-2748

Email Filip

License(s): CA: 01905352

LA Apartment Advisors | Marcus & Millichap

16830 Ventura Blvd, Ste. 100, Encino, CA 91436

LAAA