Los Angeles Multifamily Sales Skew Smaller: 61% of Deals Involved 5-9 Units
Key Points
- Unit Count: Majority of sales (61%) involved buildings with 5-9 units (smaller properties saw more activity).
- Property Age: All sold properties were 30+ years old (mature housing stock dominates market).
- Vintage Popularity: A significant portion (24 out of 48) were 61-70 years old (older buildings still attract buyers).
- Location Focus: City of Los Angeles led with 10 out of 48 sales (central hub remains the most active).
- Cap Rate Range: Varied across deals, spanning from high 3% to high 5%
Corto Realty Group, Inc. is a San Diego-based real estate advisory firm specializing in multifamily investing.
Disclaimer: This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy. Prospective User should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, sales price, dates, units, locations, cap rates, etc. Consult your attorney, accountant, or other professional advisor.