Beverly Hills Multifamily Real Estate Market Overview
Beverly Hills is one of the most prestigious and sought-after locations for multifamily investment on the Westside of Los Angeles. Synonymous with luxury, glamour, and stability, Beverly Hills continues to attract high-net-worth tenants and discerning investors seeking long-term appreciation and resilient cash flow.
The city is centrally located and bordered by Bel Air and the Santa Monica Mountains to the northwest, West Hollywood to the east, and Beverlywood to the south. Major arteries include Sunset Boulevard, Santa Monica Boulevard, Wilshire Boulevard, and the iconic Rodeo Drive. The renowned “Golden Triangle” shopping district serves as a global destination for luxury retail, while the area offers world-class dining, cultural venues like the Wallis Annenberg Center for the Performing Arts, and beautiful green spaces such as Beverly Gardens Park.
For apartment building owners and investors, Beverly Hills stands out due to its exceptional location prestige, strong demand from high-income professionals, and severely limited new housing supply. These factors contribute to premium rental rates, high occupancy, and consistent long-term property appreciation, making Beverly Hills one of Southern California’s most exclusive and stable multifamily submarkets.
2025 Beverly Hills Multifamily Market Statistics at a Glance
Beverly Hills Annual Multifamily Apartment Building Sales Statistics*
Buildings Sold: 28
Avg. Sale Price: $4,765,481
Avg. Price/ Unit: $462,835
Avg. Months to Sale: 3.5 mos.
Avg. Price/ SF: $431
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It is imperative to understand how rent control and Measure ULA exposure will impact the value of your Beverly Hills apartment building
Beverly Hills Multifamily Market Overview 2026
Beverly Hills is an independent city known for its prestige, strong renter demand, and limited multifamily inventory. Cap rates in the area typically range from approximately 4.5% to 5.5%, reflecting the premium location and buyer competition. Price per unit commonly falls in the $350,000 to $550,000+ range, depending on building quality, unit mix, and exact location within the city.
The typical apartment building is a smaller 4- to 20-unit property, often courtyard-style or low-rise, with a mix of pre- and post-1970s construction. Buyer demand comes from high-net-worth individuals, 1031 exchange buyers, and long-term investors seeking stable, trophy Westside assets.
Beverly Hills Rent Control and Measure ULA
Beverly Hills has its own Rent Stabilization Ordinance (separate from the City of Los Angeles LARSO). Most multi-unit buildings are subject to the city’s rules, which currently allow maximum annual increases of approximately 3.3%–3.6% depending on the unit chapter (Chapter 5 or Chapter 6). Buildings not covered by the local ordinance may still fall under AB 1482 statewide protections.
Measure ULA does not apply in Beverly Hills. Because Beverly Hills is an independent municipality, the City of Los Angeles transfer tax surcharges (4% and 5.5%) have no legal force here. This is a meaningful advantage for sellers of higher-value buildings compared with properties located inside the City of Los Angeles.
How to Sell a Beverly Hills Apartment Building
Beverly Hills benefits from limited supply, strong buyer demand, and the absence of Measure ULA. Sellers of long-held properties must still navigate low tax basis, depreciation recapture, and potential 1031 exchange planning.
An experienced Beverly Hills multifamily listing broker who understands Beverly Hills’ local rent stabilization rules and the broader Westside buyer pool can help you evaluate pricing and the optimal path to maximize your net proceeds.
Beverly Hills Multifamily Statistics
Average Rent vs Vacancy Rate- Historical & Estimated
2025 Q3: Beverly Hills, California Multifamily Average Market Asking Rent: $4,531 Average Vacancy Rate: 8.4%Average GRM and Cap Rate- Historical
2025: Beverly Hills, California multifamily Average GRM: 16.4 , Cap Rate 4.3%Number of Multifamily Buildings Sold- Historical
2025: Beverly Hills, California Multifamily Buildings Sold: 28Average Price/Unit and Price/SF- Historical
2025: Beverly Hills, California Multifamily Average Price/Unit Sold: $462,835 Price/SF Sold: $431Historical and estimated market statistics for the Beverly Hills, California multifamily apartment building submarket. The graphs above show the average Price/Unit, Price/SF, GRM, Cap Rate, Average Market Asking Rent and Vacancy for Beverly Hills multifamily apartment buildings for the years 2020-2025. *All data has been obtained from CoStar. Jake Plewa, the Taksa Investment Group and ReMax Commercial cannot guarantee the accuracy of the data above. The graphs and statistics are for information purposes only. Frequently Asked Questions: Beverly Hills Apartment Buildings
Does Measure ULA apply to apartment sales in Beverly Hills?
No. Measure ULA is a City of Los Angeles ordinance and does not apply to properties in Beverly Hills.
Is Beverly Hills under rent control?
Yes. Beverly Hills has its own Rent Stabilization Ordinance. Most multi-unit buildings are covered, with current maximum annual increases of approximately 3.3%–3.6% depending on the specific chapter that applies to the unit. Some buildings may instead fall under AB 1482.
How do I sell an apartment building in Beverly Hills?
Work with a Beverly Hills multifamily listing broker who understands the local Beverly Hills rent stabilization rules, the premium buyer pool, and how to position the asset for maximum value. Accurate pricing, strong marketing, and clear presentation of upside are especially important in this competitive submarket.
Disclaimer The information on this page is provided for general informational purposes only and does not constitute legal, financial, tax, or investment advice. Jake Plewa, the Taksa Investment Group, and RE/MAX Commercial make no representations or warranties regarding the accuracy, completeness, or reliability of any data, statistics, graphs, or market information presented. Market conditions change, and past performance is not indicative of future results. You should independently verify all information and conduct your own thorough due diligence, including consulting qualified professionals, before making any decisions related to the sale or purchase of an apartment building.
What is the typical cap rate and price per unit in Beverly Hills?
Cap rates in Beverly Hills generally range from approximately 4.5% to 5.5%. Price per unit commonly falls between $350,000 and $550,000+, depending on building condition, unit mix, location, and quality.
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