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
What is my Mid-Wilshire Apartment Building Worth?
The value of a Mid-Wilshire apartment building depends on more than recent sale comps. Unit mix, current rents, rental upside, property condition, parking, location, tenant profile, and local rent control regulations can all significantly impact pricing. At The Glaser Group, we evaluate each property based on its in-place income, future upside, and current investor demand in the Mid-Wilshire multifamily market.
Whether you own a small apartment building near Miracle Mile, a value-add asset near Wilshire Boulevard, or a larger multifamily property near Hancock Park, Koreatown, or Beverly Grove, our team can provide a confidential opinion of value based on your rent roll, expenses, building condition, and comparable sales throughout Mid-Wilshire and the surrounding neighborhoods.
Our Recent Multifamily Sales Mid-Wilshire
624-630 S Dunsmuir Ave, Los Angeles, CA 90036
Sale Price: $4,525,000
Units: 16
Year Built: 1930
Property Type: Two side-by-side Spanish-style 8-unit apartment buildings in Miracle Mile
Buyer Type: All-cash multifamily investor
Seller Situation: Family trust selling its final Los Angeles properties after long-term ownership
Result: Represented both buyer and seller; generated 7 offers; negotiated a fully non-contingent, all-cash deal; closed escrow in 14 days
he Glaser Group represented both the buyer and seller in the sale of 624-630 S Dunsmuir Ave, two side-by-side Spanish-style 8-unit apartment buildings in the heart of Miracle Mile. Delivered with seven vacant units, the properties offered the buyer a rare opportunity to unlock immediate value while also benefiting from eligible 6% rent increases on all occupied units from day one.
Our team previously represented the same family trust in the sale of a 10-unit building down the block in 2022. Two years later, the sellers returned to The Glaser Group to sell their remaining Los Angeles apartment properties. We implemented a targeted marketing process that generated 7 offers and ultimately secured a completely non-contingent, all-cash buyer.
The transaction closed in a smooth 14-day escrow, with the deal non-contingent from day one. Spanning a combined 15,088 square feet on separate R4-zoned parcels totaling 15,597 square feet of land, the buildings featured large 1-bedroom/1-bath units with offices, averaging approximately 943 square feet each, along with 12 uncovered parking spaces, a shared on-site laundry room, and partially replaced copper plumbing.
1074 S Genesee, Los Angeles, CA 90019
Sale Price: $2,175,000
Units: 4
Year Built: 1933
Property Type: Spanish Colonial Revival fourplex in Carthay Square / Wilshire Vista
Buyer Type: Multifamily investor sourced through a competitive marketing process
Seller Situation: Sellers had limited traction selling the property themselves and wanted to reinvest their proceeds into new opportunities
Result: Generated 4 competitive offers within 10 days; sold for $544K per unit, $430.35 per square foot, a 5.25% cap rate, and a 13.48 GRM; set a new benchmark as the highest-priced fourplex sale within a one-mile radius over the prior 24 months
The Glaser Group represented the sellers in the sale of 1074 S Genesee Ave, a Spanish Colonial Revival fourplex located in the highly desirable Carthay Square / Wilshire Vista neighborhood of Los Angeles. The property featured a unique and spacious unit mix, offering buyers a rare opportunity to acquire a character asset in one of Mid-Wilshire’s most sought-after multifamily submarkets.
The sellers had previously sold the adjacent property themselves, but after experiencing limited traction with this building, they interviewed several brokers and ultimately selected The Glaser Group based on our local track record and multifamily expertise. Our team re-listed the property, repositioned the marketing, and generated four competitive offers within 10 days.
The property sold for $2,175,000, equating to $544K per unit, $430.35 per square foot, a 5.25% cap rate, and a 13.48 GRM. At the time of sale, this represented a new benchmark as the highest-priced fourplex sold within a one-mile radius over the prior 24 months. The successful closing allowed the sellers to transition out of the challenges of Los Angeles property ownership and reinvest their proceeds into new opportunities.
1138 Cardiff Ave, Los Angeles, CA 90035
Sale Price: $2,100,000
Units: 7
Year Built: 1954
Property Type: Pico-Robertson 7-unit apartment building adjacent to Beverly Hills
Buyer Type: Local multifamily investor who owned a similar property nearby
Seller Situation: Private “mom and pop” owner ready to retire from day-to-day property management
Result: Generated 9 offers; received multiple all-cash offers; closed at a 4.49% cap rate and 13.16 GRM
The Glaser Group represented a private “mom and pop” seller in the sale of 1138 Cardiff Ave, a 7-unit apartment building located in Pico-Robertson, directly adjacent to Beverly Hills. After years of hands-on ownership and day-to-day management, the seller was ready to retire and selected our team based on our track record in the neighborhood.
Our marketing process generated 9 offers, including several all-cash offers, and ultimately resulted in a successful closing with a local buyer who owned a similar property just around the corner. The property sold for $2,100,000, closing at a 4.49% cap rate and 13.16 GRM.
The building featured 6,338 square feet of living area with five 1-bedroom/1-bath units and two 2-bedroom/2-bath units, along with community laundry, parking for up to six vehicles, a completed soft-story retrofit, and installed earthquake gas shut-off valves. Nestled between Beverly Hills and Century City, Pico-Robertson continues to be one of Los Angeles’ most desirable multifamily rental markets.
Considering Selling a Mid-Wilshire Apartment Building?
These Mid-Wilshire sales show how buyer demand, rent control, unit mix, property condition, location, and the right marketing process can impact both pricing and certainty of close. If you own an apartment building in Mid-Wilshire, The Glaser Group can provide a confidential opinion of value based on your rent roll, expenses, tenant profile, building condition, current income, rental upside, and active investor demand throughout Mid-Wilshire and the surrounding neighborhoods.
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 $250 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.
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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.
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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.
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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.
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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.
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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
Nearby Multifamily Markets We Serve
Looking for multifamily expertise beyond Beverly Hills? The Glaser Group advises apartment building owners across nearby Westside and Central Los Angeles submarkets. Explore our local multifamily broker pages for market-specific sales experience, valuation guidance, and recent case studies.
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