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South Los Angeles Apartment Building Sales

Explore 12 closed transactions totaling $20.58M in South Los Angeles. Data from the LAAA Team at Marcus & Millichap.

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12

Transactions

$20.58M

Total Volume

6.04%

Avg Cap Rate

$190,100

Avg $/Unit

6

Avg Units

2012

Since

Cap rate, price per unit and unit count are averaged across apartment sales only: 9 of these 12 closed transactions are apartment sales. A sale with no figure recorded is left out of that average, so cap rate draws on 7.

LAAA Team Track Record Since 2012

South Los Angeles Multifamily Market Overview

South Los Angeles offers the highest yields and most affordable per-unit pricing in the LA metro. Across 12 transactions totaling $20.6M, the 9 apartment sales average $190,000 per unit across 54 units, and the 7 of those with a recorded cap rate average 6.04%. Proximity to USC, SoFi Stadium, and Metro lines. LA RSO applies.

Market Snapshot

Source: CoStar | South Los Angeles Multifamily | 2026 Q1
26,773Total Units
3.8%↑ from 2.8%Vacancy Rate
$2,075Market Rent/Unit
+1.5%Rent Growth (YoY)
5.2%Market Cap Rate
$276,662Market $/Unit

Rents by Unit Type

Studio$1,580/mo
1 Bedroom$1,819/mo
2 Bedroom$2,211/mo
3 Bedroom$2,841/mo

Investment Activity (Trailing 12 Mo)

Sales Volume$50.5M
Transactions12
Avg Price/Unit$276,662
Avg Cap Rate5.2%

South Los Angeles Market Area

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LAAA Team Closings in South Los Angeles

12 transactions by Glen Scher, Filip Niculete & the LAAA Team

10727 S Central Ave

Los Angeles2023

Price
$995,000

542 W 76th St

Los Angeles2022

Price
$1,325,000
Units
6
Cap
5.12%
$/Unit
$220,833

841 W 74th St

Los Angeles2022

Price
$600,000
Units
4
Cap
5.86%
$/Unit
$150,000

343 W 89th St

Los Angeles2021

Price
$2,475,000
Units
10
Cap
5.27%
$/Unit
$247,500

324 W 51st St

Los Angeles2021

Price
$1,095,000
Units
4
$/Unit
$273,750

11700 Normandie Ave

Los Angeles2021

Price
$1,486,500
Units
6
Cap
4.98%
$/Unit
$247,750

806 W 47th St

Los Angeles2021

Price
$3,225,000

810 West 42nd Place

Los Angeles2019

Price
$750,000
Units
5
Cap
5.18%
$/Unit
$150,000

3207 West 73rd Street

Los Angeles2015

Price
$760,000
Units
8
Cap
-3.53%
$/Unit
$95,000

255-269 South Mariposa Avenue

Los Angeles2015

Price
$6,150,000

9617-9623 South San Pedro Street

Los Angeles2013

Price
$970,000
Units
7
Cap
8.20%
$/Unit
$138,571

8823 South Figueroa Street

Los Angeles2013

Price
$750,000
Units
4
Cap
7.69%
$/Unit
$187,500

Source: LAAA Team Closed Transactions

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Your LA Apartment Investment Advisors

Glen Scher

Glen Scher

Senior Managing Director Investments

(818) 212-2808

Email Glen

License(s): CA: 01962976

Filip Niculete

Filip Niculete

Senior Managing Director Investments

(818) 212-2748

Email Filip

License(s): CA: 01905352

LA Apartment Advisors | Marcus & Millichap

16830 Ventura Blvd, Ste. 100, Encino, CA 91436

LAAA