Los Angeles Multi-Family Homes for Sale & Real Estate Listings

Los Angeles’ multi‑family inventory includes low-rise garden-style apartment buildings, mid-rise walk-ups, luxury Class A mid- and high-rise apartments, and value-add B/C buildings. There are also some mixed-use properties with ground-floor retail.

Vacancy in the LA multi-family market recently measured around 5.2–5.3%, indicating a modest softening in demand as new supply comes online.

Rental growth is subdued: asking rents are up only 0.6%–0.7% year-over-year, reflecting limited pricing power for many property owners.

Yes — the market is stabilizing, especially for Class A/luxury segments. Limited new supply in those tiers and a controlled construction pipeline make it attractive for investors targeting high-end properties.

Average sales prices have softened in recent quarters, with prices around $270,000–$280,000 per unit in some broker-reported deals.

Construction remains constrained: while new development continues, the pipeline is more conservative compared to other metros, with a smaller share of inventory under construction.

No — demand is strongest in high-end Class A properties. Lower-tier B/C assets face weaker absorption, largely due to affordability headwinds.

Private and regional investors are especially active, leveraging local market expertise and deal flexibility.

Key challenges include slow rent growth, high financing costs, and economic pressures on lower‑income renters. These factors could limit upside in value-add B/C buildings.

Investors should prioritize well-located, professionally managed properties in strong submarkets (e.g., downtown, Koreatown) and consider Class A units where demand remains more resilient. Also, assess long-term rents versus financing costs carefully to model cash flow.