Mid-City Apartment Building Sales
Explore 5 closed transactions totaling $9.25M in Mid-City. Data from the LAAA Team at Marcus & Millichap.
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Transactions
$9.25M
Total Volume
4.32%
Avg Cap Rate
$385,062
Avg $/Unit
7
Avg Units
2012
Since
Cap rate, price per unit and unit count are averaged across apartment sales only: 4 of these 5 closed transactions are apartment sales. A sale with no figure recorded is left out of that average, so cap rate draws on 3.
LAAA Team Track Record Since 2012
Mid-City Multifamily Market Overview
Mid-City is a tree-lined corridor near the Miracle Mile, LACMA, and Hancock Park. Across 5 transactions totaling $9.3M, the 4 apartment sales average $385,000 per unit across 28 units, and the 3 of those with a recorded cap rate average 4.32%. Metro Purple Line extension coming. LA RSO applies.
Market Snapshot
Source: CoStar | Mid-Wilshire Multifamily | 2026 Q1Rents by Unit Type
Investment Activity (Trailing 12 Mo)
Mid-City Market Area
LAAA Team Closings in Mid-City
5 transactions by Glen Scher, Filip Niculete & the LAAA Team
1420 Cochran Ave
Los Angeles • 2025
$1,150,000Units
13$/Unit
$88,462
1818 Clyde Ave
Los Angeles • 2022
$1,350,000
1626 South La Brea Ave
Los Angeles • 2021
$2,700,000Units
4Cap
5.07%$/Unit
$675,000
1048 S Orange Dr
Los Angeles • 2019
$1,850,000Units
4Cap
3.71%$/Unit
$462,500
1630 S Gramercy Pl
Los Angeles • 2018
$2,200,000Units
7Cap
4.18%$/Unit
$314,286
Source: LAAA Team Closed Transactions
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