South & Central LA Apartment Building Sales
Explore 20 closed transactions totaling $33.17M in the South & Central LA market. Data from the LAAA Team at Marcus & Millichap.
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Transactions
$33.17M
Total Volume
5.99%
Avg Cap Rate
$200,167
Avg $/Unit
7
Avg Units
2012
Since
Cap rate, price per unit and unit count are averaged across apartment sales only: 15 of these 20 closed transactions are apartment sales. A sale with no figure recorded is left out of that average, so cap rate draws on 12.
LAAA Team Track Record Since 2012
South & Central LA Multifamily Market Overview
South and Central LA offer the highest cap rates and most affordable entry points in the entire Los Angeles multifamily market. Across 20 closed transactions totaling $33.2M in volume, the LAAA Team has documented an average price per unit of $200,000 across its 15 apartment sales, and an average cap rate of 5.99% across the 12 of those with a rate recorded, making this submarket the primary destination for cash flow-focused investors entering the LA basin.
The corridors along Broadway, Figueroa Street, Vermont Avenue, Central Avenue, and Manchester Boulevard contain a deep inventory of 1950s through 1970s apartment buildings ranging from 4-unit fourplexes to 30+ unit complexes. Workforce housing demand is exceptionally strong, driven by proximity to USC, Downtown LA, the burgeoning Inglewood entertainment district anchored by SoFi Stadium and the Intuit Dome, and manufacturing employment centers throughout the South LA industrial corridor.
The Metro Crenshaw/LAX Line, connecting Expo Line stations through Leimert Park, Hyde Park, and Inglewood to LAX, has introduced new transit connectivity that is attracting development interest along the K Line corridor. West Adams and Jefferson Park, straddling the Expo Line between Downtown and Culver City, have seen the most rapid appreciation in South LA, with renovated units commanding rents that would have been unthinkable a decade ago.
Significant affordable housing development incentives, including Opportunity Zones, Low-Income Housing Tax Credits, and the city's Transit Oriented Communities program, provide additional investment pathways in this submarket. The Los Angeles RSO applies to pre-1978 buildings within the city boundaries, while independent cities like Inglewood, Hawthorne, and Compton operate under AB 1482 statewide protections. South and Central LA represent an emerging market with a rapid appreciation trajectory, where investors benefit from strong current cash flow while positioned for long-term value growth as infrastructure investment continues.
Market Snapshot
Source: CoStar | South La Multifamily | 2026 Q1Rents by Unit Type
Investment Activity (Trailing 12 Mo)
City Breakdown
South Los Angeles
12$20.58M volume
Avg cap: 6.04%
Avg $/unit: $190,100
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Boyle Heights
2$3.15M volume
Avg cap: 6.51%
Avg $/unit: $334,822
Downtown LA
2$3.67M volume
Avg cap: 6.86%
Avg $/unit: $128,333
Baldwin Hills
1$2.30M volume
Avg cap: 4.53%
Avg $/unit: $230,000
Spring Valley
1$1.49M volume
Avg cap: 4.65%
Avg $/unit: $185,625
Compton
1$1.20M volume
Lincoln Heights
1$780,000 volume
Avg cap: 7.07%
Avg $/unit: $78,000
South & Central LA Market Area
LAAA Team Closings in South & Central LA
20 transactions totaling $33.17M by Glen Scher, Filip Niculete & the LAAA Team
3555 Siskiyou St
Los Angeles • 2026
$1,100,000Units
7$/Unit
$157,143
819 Beacon Ave
Los Angeles • 2025
$1,925,000Units
15Cap
6.86%$/Unit
$128,333
10727 S Central Ave
Los Angeles • 2023
$995,000
1322 W Maryland St
Los Angeles • 2022
$1,750,000
542 W 76th St
Los Angeles • 2022
$1,325,000Units
6Cap
5.12%$/Unit
$220,833
841 W 74th St
Los Angeles • 2022
$600,000Units
4Cap
5.86%$/Unit
$150,000
343 W 89th St
Los Angeles • 2021
$2,475,000Units
10Cap
5.27%$/Unit
$247,500
324 W 51st St
Los Angeles • 2021
$1,095,000Units
4$/Unit
$273,750
11700 Normandie Ave
Los Angeles • 2021
$1,486,500Units
6Cap
4.98%$/Unit
$247,750
2469 E 7th St
Los Angeles • 2021
$2,050,000Units
4Cap
6.51%$/Unit
$512,500
806 W 47th St
Los Angeles • 2021
$3,225,000
4009 S Muirfield Rd
Los Angeles • 2019
$2,300,000Units
10Cap
4.53%$/Unit
$230,000
810 West 42nd Place
Los Angeles • 2019
$750,000Units
5Cap
5.18%$/Unit
$150,000
3932 North Bonita Street
Spring Valley • 2017
$1,485,000Units
8Cap
4.65%$/Unit
$185,625
3207 West 73rd Street
Los Angeles • 2015
$760,000Units
8Cap
-3.53%$/Unit
$95,000
255-269 South Mariposa Avenue
Los Angeles • 2015
$6,150,000
14803 South Stanford Avenue
Compton • 2015
$1,200,000
238 South Avenue 21
Los Angeles • 2014
$780,000Units
10Cap
7.07%$/Unit
$78,000
9617-9623 South San Pedro Street
Los Angeles • 2013
$970,000Units
7Cap
8.20%$/Unit
$138,571
8823 South Figueroa Street
Los Angeles • 2013
$750,000Units
4Cap
7.69%$/Unit
$187,500
Source: LAAA Team Closed Transactions
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