Beverly Hills, California area overview and multifamily real estate market statistics

Beverly Hills

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*

The image features an apartment building
Icon of a price tag for Los Angeles Real Estate
The image depicts a door representing the price per unit of Los Angeles apartment buildings
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Black square measurement representing the price per square foot of sold builings in Los Angeles California

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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Average Rent vs Vacancy Rate- Historical & Estimated

Beverly Hills California multifamily vacancy rate and market asking rent for rental units
2025 Q3: Beverly Hills, California Multifamily Average Market Asking Rent: $4,531 Average Vacancy Rate: 8.4%

Average GRM and Cap Rate- Historical

average grm and cap rate for sold multifamily properties in Beverly Hills California
2025: Beverly Hills, California multifamily Average GRM: 16.4 , Cap Rate 4.3%

Number of Multifamily Buildings Sold- Historical

Beverly Hills number of multifamily transactions between 2020 and 2025
2025: Beverly Hills, California Multifamily Buildings Sold: 28

Average Price/Unit and Price/SF- Historical

Beverly Hills California average price per unit and price per sf of sold multifamily apartment buildings
2025: Beverly Hills, California Multifamily Average Price/Unit Sold: $462,835 Price/SF Sold: $431

Historical 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. 

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