West Hollywood Multifamily Broker
Whether you’re selling a value-add 6-unit apartment building off Fairfax Ave or a trophy asset near the Sunset Strip, our data-driven marketing and established buyer relationships help owners maximize value while navigating a smooth, well-managed sale process.
West Hollywood Multifamily Market Snapshot
West Hollywood is one of the most tightly regulated and structurally unique multifamily markets in Los Angeles. As an independent city with strict rent stabilization, limited developable land, and a renter-heavy population, the submarket has long favored long-term ownership over frequent turnover. Apartment buildings here are typically smaller, older, and heavily rent-controlled, which naturally constrains supply and creates durable value for well-positioned assets.
In recent years, the market has experienced a clear split between newer, high-quality construction and the broader base of legacy buildings that make up the majority of West Hollywood’s inventory. Newly delivered and renovated properties—primarily concentrated along Santa Monica Boulevard and other major corridors—have captured most of the recent leasing activity, while older rent-controlled buildings continue to trade based on long-term fundamentals rather than short-term rent growth. This dynamic has resulted in relatively stable occupancy across the market, even as rent growth has remained muted.
Despite higher interest rates and a slowdown in overall transaction volume, buyer demand in West Hollywood has remained resilient. The most active buyers tend to be private investors, repeat operators, and owner-users who understand the nuances of the city’s rent control ordinance and are comfortable underwriting gradual, long-term cash flow growth. Pricing has adjusted from peak levels, but values have largely stabilized as expectations between buyers and sellers have realigned.
New supply remains modest relative to the size of the market, and zoning restrictions continue to limit large-scale development outside of select transit-oriented areas. As a result, well-located multifamily assets—particularly those with strong in-place operations or clear repositioning paths—continue to attract competitive interest. In West Hollywood, success is less about timing the market and more about understanding how regulation, tenant composition, and micro-location intersect to drive long-term value.
AVG CAP RATE
4.8% - 5.2%
AVG PRICE PER UNIT
$350,000 - $420,000
VACANCY RATE
5.7%
RENTAL GROWTH
0% YoY
What is my West Hollywood Apartment Building Worth?
West Hollywood apartment values are shaped by rent stabilization, current income, unit mix, property condition, parking, buyer demand, and recent comparable sales. Because many West Hollywood multifamily properties are older, rent-controlled, and tightly held, owners benefit from a property-specific valuation rather than relying only on broad market averages.
Glaser Group provides confidential broker opinions of value for West Hollywood apartment building owners considering a sale, 1031 exchange, or long-term hold strategy.
Our Recent Multifamily Sales in West Hollywood
1643 N Formosa Ave, West Hollywood, CA 90046
Sale Price: $2,067,500
Units: 8
Property Type: West Hollywood mid-century asset
Buyer Type: All-cash 1031 exchange buyer
Seller Situation: Long-term owners seeking relief from day-to-day management after a prior team failed to sell the listing
Result: 5 offers within first 2 weeks; all-cash sale with few contingencies & 30-day close
After nearly 25 years of ownership, the sellers of 1643 N Formosa Ave were ready to move on from the day-to-day management of their West Hollywood apartment building. They had previously listed the 8-unit property with another brokerage but were unable to generate offers that met their expectations.
After reviewing our valuation and marketing strategy, the sellers hired Glaser Group to reposition the property and bring it back to market. We generated immediate activity and secured 5 offers within the first 2 weeks of marketing.
We ultimately sourced a 1031 exchange buyer seeking a multifamily investment in a prime West Hollywood pocket. The transaction closed all-cash with few contingencies in 30 days, allowing our clients to exchange into an out-of-state retail investment that improved their cash flow and quality of life.
1016 N Laurel Ave, West Hollywood, CA 90046
Sale Price: $3,275,000
Units: 10
Year Built: 1963
Property Type: West Hollywood rent-controlled apartment building
Buyer Type: Neighboring property owner
Seller Situation: Long-term owners seeking relief from rent control, management issues, and non-paying tenants
Result: Above-ask offer within 1 week; 60-day closing; record pricing above 18 GRM in 3% cap rate range
After nearly 45 years of ownership, the seller of 1016 N Laurel Ave was ready to simplify his real estate holdings after his sister’s passing. The 10-unit West Hollywood apartment building had become increasingly difficult to manage due to strict rent control, overspending by the third-party management company, non-paying tenants, and rent freezes during the COVID eviction moratorium.
Given the challenges at the property, our client decided to sell through a 1031 exchange and transition into a passive DST investment designed to preserve equity, improve cash flow, and simplify future estate planning.
Within one week of bringing the property to market, we secured an above-ask offer from the owner of the neighboring asset. The transaction closed smoothly in 60 days at record pricing, above 18 GRM and in the 3% cap rate range.
1146 N Formosa Ave, West Hollywood, CA 90046
Sale Price: $2,250,000
Units: 8
Year Built: 1956
Property Type: Mid-century West Hollywood multifamily building
Buyer Type: All-cash; adjacent property owner
Seller Situation: Long-term family ownership; three sisters seeking to sell and individually complete 1031 exchanges
Result: Multiple all-cash offers; 30-day escrow; 3.96% cap rate and 15.25 GRM
This mid-century 8-unit apartment building was owned and operated by three sisters for several decades. After many years of ownership, the sellers decided it was time to sell the asset and individually exchange their proceeds into investments better suited to their long-term goals.
The sellers interviewed Glaser Group along with another active West Hollywood apartment broker before selecting our team based on our pricing strategy, buyer network, and track record within West Hollywood city limits.
Within 2 weeks of taking the listing to market, we generated multiple all-cash offers, including an offer from the owner of an adjacent lot. Despite low in-place rents and higher interest rates, we were able to negotiate an aggressive closing price and execute a smooth 30-day escrow. The final closing metrics were a 3.96% cap rate and 15.25 GRM, which were significantly above market averages at the time.
Considering Selling a West Hollywood Apartment Building?
These West Hollywood sales show how rent stabilization, buyer demand, property positioning, and the right marketing process can impact pricing and certainty of close. If you own an apartment building in West Hollywood, Glaser Group can provide a confidential opinion of value based on your rent roll, expenses, tenant profile, property condition, and current buyer demand.
Meet Your West Hollywood Multifamily Expert
Jake Glaser: Top 1% Los Angeles Apartment Agent
Jake Glaser is the Principal Broker & Founder of The Glaser Group, specializing in the sale of apartment buildings in West Hollywood & 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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Most multifamily properties in West Hollywood are subject to the city’s Rent Stabilization Ordinance (RSO), which regulates annual rent increases and outlines requirements related to tenant relocation, capital improvements, and vacancy decontrol. As a result, property values are heavily influenced by in-place rents, tenant profiles, and long-term income stability rather than short-term rent growth.
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West Hollywood’s multifamily inventory primarily consists of small to mid-sized apartment buildings, many of which were built prior to modern rent control exemptions. Properties often feature higher density, limited parking, and strong walkability, making location and tenant demand key drivers of investor interest.
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West Hollywood is a supply-constrained submarket with consistently high rental demand and limited new development. Investor competition is driven by its central location, proximity to major employment centers, and long-term housing demand, resulting in strong pricing despite regulatory considerations.
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Valuations in West Hollywood are based on a combination of in-place income, comparable sales, price per unit metrics, and long-term market fundamentals. Because rent control limits near-term income growth, buyers place significant emphasis on rent rolls, tenant turnover potential, and regulatory compliance when underwriting properties.
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Owners should carefully evaluate tenant composition, rent control status, and potential relocation obligations prior to selling. Understanding how these factors affect buyer demand and pricing is critical, as properly positioned tenant-occupied properties can attract strong investor interest when marketed with accurate expectations and compliance considerations in mind.
Frequently Asked Questions About West Hollywood Multifamily
Nearby Multifamily Markets We Serve
Looking for multifamily expertise beyond West Hollywood? 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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