Mid-Wilshire Multifamily Broker

Whether you’re selling a rent-controlled asset in the Fairfax District, a pride-of-ownership building near The Grove, or a larger value-add opportunity along Wilshire Boulevard, our structured marketing process and extensive buyer pool are designed to create leverage and maximize net proceeds.

Mid-Wilshire Multifamily Market Snapshot

Mid-Wilshire — encompassing popular neighborhoods like The Grove, Fairfax District, Carthay Square, Pico Robertson and Miracle Mile — remains one of Los Angeles’ most established and supply-dense apartment submarkets. Its central location, walkable retail corridors, and proximity to major employment centers continue to anchor steady renter demand, even as broader market conditions fluctuate.

Over the past year, the market has experienced a period of normalization. Leasing velocity has moderated from the post-pandemic surge, and buyers have become more disciplined in underwriting. However, Mid-Wilshire’s fundamentals remain durable. The area attracts a diverse renter base ranging from young professionals and creatives to long-term residents who value the neighborhood’s cultural amenities, restaurant scene, and connectivity to Beverly Hills, Hollywood, and Downtown.

New development has been active but measured. The most notable project underway is The Daphne, a large mixed-use community across from The Grove that reflects continued institutional confidence in the corridor. While new deliveries introduce short-term competitive pressure for luxury product, they also reinforce Mid-Wilshire’s long-term positioning as a core LA investment market.

Transaction activity has slowed compared to peak pricing years, largely due to higher borrowing costs and broader economic recalibration. That said, well-located assets — particularly those with operational upside or strong in-place cash flow — continue to attract meaningful investor interest. Buyers remain selective, but capital is active for properties that are properly positioned and strategically marketed.

Overall, Mid-Wilshire remains a core, high-barrier multifamily submarket defined by dense inventory, long-term ownership patterns, and consistent investor demand. In transitional market cycles like the current one, pricing outcomes are increasingly driven by presentation, exposure strategy, and buyer targeting rather than just underlying fundamentals.

AVG CAP RATE

~4.5% – 5.5%

AVG PRICE PER UNIT

$350,000 – $450,000

VACANCY RATE

6% – 7%

AVG RENT PER UNIT

$2,700-$2,900

Our Recent Multifamily Sales Mid-Wilshire

624-630 S Dunsmuir Ave, Los Angeles, CA 90036

Sold for $4,525,000 | 16 Units Built in 1930

The Glaser Group represented both the buyer and seller in the sale of two side-by-side Spanish-style 8-unit buildings in the heart of Miracle Mile, Los Angeles. Delivered with seven vacant units, these properties presented a rare opportunity for the buyer to unlock immediate value, with eligible 6% rent increases on all occupied units from day one. The standout details of this transaction include a smooth 14-day escrow, with the deal being non-contingent from day 1 of opening escrow, and an all-cash closing. Our team first represented this family trust on the disposition of their 10-unit building down the block back in 2022, and they came back to us 2 years later ready to sell off their last properties in LA. Overall, it was an extremely successful marketing process, generating 7 offers and ultimately negotiating a completely non-contingent, all-cash deal for our clients.

Spanning a combined 15,088 square feet, each building boasts large, sunlit 1-bedroom, 1-bathroom units with offices, averaging 943 square feet each. The charming architecture, with its hardwood floors and bright, spacious interiors, added undeniable allure to these properties. Situated on separate R4 parcels totaling 15,597 square feet of land, the buildings include 12 uncovered parking spaces, a shared on-site laundry room, and partially replaced copper plumbing. Notably, this was the first time these properties were on the market in over 50 years.

1074 S Genesee, Los Angeles, CA 90019

Sold for $2,175,000 | 4 Units Built in 1933

The Glaser Group represented the Sellers of 1074 S Genesee Avenue in the highly desirable Carthay Square / Wilshire Vista neighborhood of Los Angeles, a Spanish Colonial Revival 4-plex featuring a unique and spacious unit mix.

The property sold for $2,175,000, equating to $544K/Unit, $430.35/SF, 5.25% Cap Rate and 13.48 GRM. This sale set a new benchmark as the highest-priced 4-plex sold within a one-mile radius over the prior 24 months.

The Sellers had previously sold the adjacent property themselves, but after experiencing little traction on this building, they interviewed several brokers and ultimately chose to hire our team due to our extensive track record in the area. We re-listed and strategically marketed the property, resulting in four competitive offers within 10 days and a smooth, successful closing. The Sellers now planned to reinvest their proceeds into new opportunities as they move on from the ongoing challenges of LA property ownership.

1138 Cardiff Ave, Los Angeles, CA 90035

Sold for $2,100,000 | 7 Units Built in 1954

The Glaser Group represented a private “mom & pop” seller on this exclusive 7-unit listing in Pico Robertson. Tired of the day-to-day management and ready for retirement, he chose our team due to our deep track record in the neighborhood. We generated 9 offers on the property, with several of them being all cash, and ultimately closed with a local buyer that owns a similar property just around the corner. The closing metrics with 4.49% Cap Rate and a 13.16 GRM.

1138 Cardiff Ave was a 7-unit property located directly adjacent to Beverly Hills in the coveted Pico-Robertson neighborhood of Los Angeles. This fantastic building featured 6,338 square feet of living area with (5) 1-bed / 1-bath units and (2) 2-bed / 2-bath units. The property also included a community laundry area, parking for up to six vehicles, and essential upgrades such as a completed soft story retrofit and installed earthquake gas shut-off valves.

Nestled between the prestigious neighborhoods of Beverly Hills and the bustling business district of Century City, Pico-Robertson is a prime destination for multifamily living.

See Our Full List of Closings
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Meet Your Mid-Wilshire Multifamily Expert

Jake Glaser: Top 1% Mid-Wilshire Apartment Agent

Jake Glaser is the Principal Broker & Founder of The Glaser Group, specializing in the sale of apartment buildings in Mid-Wilshire & Greater Los Angeles. Jake is one of the highest transacting apartment building brokers in LA, with over $65 million closed in 2025 alone across 35 transactions. He advises his clients in the acquisition and disposition of multifamily properties across the city, ranging from 4-plexes up to large apartment complexes in the $1M - $25M range. In total, he has closed over $225 million of commercial and multifamily volume within LA County, and he is the #1 producing agent at Lyon Stahl Investment Real Estate in Century City.

In addition to multifamily and commercial dispositions, he specializes in 1031 exchanges on a national level, having helped countless clients reposition their portfolios by trading their assets into local and out-of-state multifamily, triple-net, and DST opportunities.

Let’s connect today to start an honest, open dialogue about your unique situation to see how we can better your position, whether it be now or in the future.

Our Team

  • The value of a Mid-Wilshire apartment building depends on several factors, including:

    • Location within the submarket (The Grove, Fairfax District, Carthay Square, Miracle Mile)

    • Current rental income and upside potential

    • Rent control exposure

    • Property condition and renovation level

    • Unit mix and parking

    • Buyer demand at the time of sale

    Well-located assets near The Grove or along Miracle Mile often command premium pricing, especially when positioned properly to both private and 1031 exchange buyers.

  • Most apartment buildings in Mid-Wilshire built before 1978 fall under the City of Los Angeles Rent Stabilization Ordinance (RSO).

    This impacts:

    • Annual rent increase limits

    • Tenant relocation rules

    • Value-add strategies

    • Buyer underwriting assumptions

    Understanding how RSO affects your specific property is critical when preparing for a sale, as buyers will price risk and upside accordingly.

  • Mid-Wilshire attracts a broad buyer pool, including:

    • Local private investors

    • Value-add operators

    • 1031 exchange buyers

    • Institutional groups targeting central LA corridors

    Properties near The Grove and Miracle Mile often appeal to long-term hold investors, while older buildings in Fairfax or Carthay Square may attract renovation-focused buyers seeking operational upside.

    Proper marketing ensures your property reaches all qualified capital sources — not just a limited segment.

  • In most cases, strategically marketing a Mid-Wilshire property to the full buyer pool produces stronger results than limiting exposure.

    Because the submarket attracts diverse capital sources, broad exposure can:

    • Create competitive tension

    • Generate multiple offers

    • Strengthen negotiating leverage

    • Improve pricing and deal terms

    Mid-Wilshire’s depth of investor demand rewards structured marketing campaigns that control timing and communication while maximizing reach.

  • In Mid-Wilshire, property condition plays a significant role in both pricing and buyer pool depth.

    Renovated or well-maintained assets near The Grove, Miracle Mile, or Carthay Square often attract long-term hold investors willing to pay premium pricing for stability and predictable cash flow.

    Older or partially updated buildings in the Fairfax District or surrounding pockets may draw value-add buyers focused on operational upside.

    However, condition alone does not determine value — positioning does.

    Some properties achieve stronger pricing when marketed as stable, yield-driven investments. Others perform better when underwritten as renovation or repositioning opportunities. Understanding how buyers will interpret your building — and crafting the right narrative — can materially impact the final sale outcome.

    In Mid-Wilshire’s diverse buyer landscape, aligning the property story with the correct capital source is often what separates an average result from an exceptional one.

Frequently Asked Questions About Mid-Wilshire Multifamily

  • “Jake & his team assisted me with a complex multifamily property 1031 Exchange. Jake got me out of heavily demanding downleg properties into hands off NNN trophy properties on the upleg. He handled so many uncontrollable variables with great professionalism, and made the whole process as smooth as possible. Because of Jake and his expansive contacts and foresight, we closed my 1031 Exchange 90 days early and have already started to reap the rewards of monthly rental income that much sooner. I would highly recommend Jake & his team to assist anyone with their real estate needs.”

    — Matt Schneider, Casablanca Property Management

  • "Our experience with Jake Glaser could not have been better. From the start of the listing to the close was about 5 weeks. He was always available when we called and answered all our questions quickly and comprehensively. We give him the highest marks for professionalism. Thank you, Jake."

    — Dana Waldhorn, Family Trust

  • "Jake did an excellent job of representing the seller, managing the transaction, coordinating the due diligence, overseeing escrow and the delivery of all documents, etc. that ultimately resulted in a smooth and efficient closing in a very rapid time frame. In addition, his social media and Twitter skills are legendary and inspiring."

    — Jerry Fink, The Bascom Group

  • "Jake Glaser represented my family with the sale of a complicated multifamily property and was nothing short of amazing. From our very first meeting to after the close of the sale, he was easy to work with and beyond responsive, including emails at 1AM! He had buyers within the first week without even hitting MLS. We are so grateful for his hard work, his ability to listen and navigate multiple family members, and his expertise. We will definitely look to him again for future sales."

    — Cathy Flores, Family Trust

  • “We were extremely pleased with the excellent job by Jake on our transaction. He represented us on the purchase of our new multifamily property in Beverly Grove, and his deep understanding of the local market and negotiation skills put us in the best possible position. He was a great communicator, easy to work with, and always put our interests first. I would recommend him to anyone looking to buy or sell LA multifamily.”

    — Daniel Golchian, Physician and CRE Investor

  • "I would highly recommend Jake to anyone that has an investment property in the greater Fairfax/Hollywood area they wish to sell. He works hard to find a buyer for the property, trying all kinds of marketing solutions. He also is great at keeping sellers up to date on what is happening in the marketplace."

    — Edie Brodsky, Retired Realtor & Investor

  • "Jake was our sales broker for two multifamily apartment buildings (8 & 4 plex) in the East Side of LA. My brother, sister and I vetted several brokers and we all felt that Jake was much more service oriented (vs. transactional). Jake is easy to work with, always available, extremely responsive and patient (had to deal with three strong willed siblings)."

    — Juan Garcia, Family Trust

  • "Jake Glaser has represented me exclusively on my last few single tenant NNN acquisitions. He is extremely easy-going but has great follow through and gets results and answers for me. He’s also consulted for me on other NNN related matters even when he couldn’t represent me. I think integrity and perseverance are really important qualities in a real estate broker and that’s why I feel most comfortable having Jake represent me. I also feel like I benefit from Jake’s connection to the nationwide network of Matthews agents, which helps us make informed decisions when considering opportunities across the entire country."

    — David Mozes, CRE Investor & Restaurateur

  • “We really appreciated the time and effort taken to get to know my family and our particular needs. Jake was always willing to answer any of our questions and concerns and patient enough to understand that the worry we felt while going through the 1031 process was normal. Jake and his partner Dan really did help us find exactly what we were looking for. Thank you!”

    — Monica Torres, Family Trust

  • "Jake was incredibly professional and nice to work with! In today's world, finding a honest broker is always worth mentioning. I whole heartedly recommend Jake!"

    — Rod Goldberg, Dadson Laundry

  • “I had the pleasure of having Jake Glaser sell my property. He was straight forward in his approach, was always available to answer questions, and did a wonderful job throughout escrow. It was as smooth transition and he comes highly recommended.”

    — Yaniv Farbenbloom, Physician and CRE Investor/Syndicator

  • "Jake was a knowledgeable advocate in the sale of the property. He provided helpful guidance throughout the entire sale process. He was always available when questions arose, and went beyond the extra mile whenever necessary."

    — Anthony Stein, Family Trust

  • “I used Jake Glaser to sell our beloved 5-unit apartment building in Los Angeles. He made the process so easy, was beyond calm during every little thing that came up, and got us the most money for our property. I would definitely (and already have) recommend Jake and Matthews™ to anyone selling a multi-unit...As I told Jake at the end “let’s do this again!” 

    — Kristin Stanley, Private Investor

  • “Jake Glaser represented our acquisition of a multifamily property in Los Angeles. Jake’s experience and expertise helped make the transaction enjoyable, easy and fast. He made himself available at all times for us, while going above and beyond to assist us with everything needed. Jake is always factual and accurate and always had our best interests in mind. His responses were always immediate and our communication was excellent.”

    — Aryeh Hoffman, Hoffman Brothers Realty

  • "Jake was highly responsive and had strong knowledge of various real estate topics."

    — CT Tsui, Multifamily Developer

  • “We had a great experience with Jake and are very grateful for his help. We would definitely want his help again in the future.”

    — Lida Aghakhanyan, Private Investor

Curious what an apartment building in Mid-Wilshire could sell for?

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