Culver City Multifamily Real Estate Market Overview
Culver City is one of the most desirable and fastest-growing neighborhoods on the Westside of Los Angeles for both residents and real estate investors. Known for its blend of creative energy, tech industry presence, and walkable urban lifestyle, Culver City has experienced strong appreciation and consistent rental demand in recent years.
Culver City is home to major landmarks including Sony Pictures Studios, the historic Helms Bakery District, the Culver City Art District, and the vibrant Downtown Culver City area. The neighborhood offers excellent walkability, beautiful parks, and a thriving cultural scene. Its central Westside location provides convenient access to LAX, Santa Monica, Beverly Hills, Downtown LA, and all major freeways.
For multifamily investors, Culver City stands out due to its strong tenant base of professionals, creatives, and tech employees, limited housing supply, and steady rental growth. The area continues to attract significant investment interest thanks to its ongoing development, excellent infrastructure, and long-term desirability.
2025 Culver City Multifamily Market Statistics at a Glance
Culver City Annual Multifamily Apartment Building Sales Statistics*
Buildings Sold: 12
Avg. Sale Price: $2,585,526
Avg. Price/Unit: $310,263
Avg. Months to Sale: 6 mos
Avg. Price/SF: $358
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It is imperative to understand how rent control and Measure ULA exposure will impact the value of your Culver City apartment building
Culver City Multifamily Market Overview 2026
Culver City is a desirable independent Westside city known for strong renter demand, media/tech employment (Sony, Amazon, etc.), limited older inventory, and growing new supply. Cap rates typically range from approximately 4.5% to 5.5%, with price per unit commonly $300,000–$450,000+ (newer or larger assets can exceed $700,000 per unit).
Most buildings are smaller-to-midsize 2- to 40-unit properties (garden-style, courtyard, or low-rise), with a significant portion of pre-1995 stock subject to Culver City’s own Rent Stabilization Ordinance. Buyers include high-net-worth individuals, 1031 exchangers, private investors, and institutions seeking stable Westside assets outside Los Angeles city limits.
Culver City Rent Control and Measure ULA
Culver City has its own Rent Stabilization Ordinance (adopted 2020, clarified 2026). It covers most multi-unit buildings constructed on or before February 1, 1995. The maximum permissible annual rent increase is 3.25% for increases effective on or after June 1, 2026 through June 30, 2027 (tied to CPI, with a 2% floor and 5% ceiling).
Buildings not covered by Culver City’s ordinance may still fall under AB 1482 statewide protections (generally 5% + CPI, currently 8.7% for the Los Angeles area for increases effective August 1, 2026–July 31, 2027). Measure ULA does not apply in Culver City. As an independent city, it is not subject to the City of Los Angeles transfer tax surcharges.
How to Sell a Culver City Apartment Building
Culver City benefits from strong buyer demand, Westside location appeal, and the absence of Measure ULA. However, its local rent stabilization rules impact cash flow growth and underwriting for covered buildings. Sellers of long-held properties must also navigate low tax basis, depreciation recapture, and potential 1031 exchange planning.
An experienced multifamily broker who understands Culver City’s local rent rules, the Westside buyer pool, and how to present both in-place income and long-term upside can help you evaluate pricing and the optimal path to maximize your net proceeds.
Culver City Multifamily Market Statistics
Average Rent vs Vacancy Rate- Historical & Estimated
2025 Q3: Culver City, California Multifamily Average Rent: $2,500 Average Vacancy Rate: 5.4%
Average GRM and Cap Rate- Historical
2025: Culver City, California multifamily apartment buildings sold average GRM: 13.0, Cap Rate 4.9%Number of Multifamily Buildings Sold- Historical
2025: Culver City, California Multifamily Buildings Sold: 12Average Price/Unit and Price/SF- Historical
2025: Culver City, California multifamily apartment buildings sold average Price/Unit Sold: $310,263 Price/SF Sold: $358Historical and estimated market statistics for the Culver City, 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 Culver City 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: Culver City Apartment Buildings
What is the typical cap rate and price per unit in Culver City?
Cap rates generally range from approximately 4.5% to 5.5%. Price per unit commonly falls between $300,000 and $450,000+, with newer or higher-quality assets commanding premiums (recent larger sales have exceeded $700,000 per unit).
Is Culver City under rent control?
Yes. Culver City has its own Rent Stabilization Ordinance covering most multi-unit buildings built on or before February 1, 1995. The maximum increase for the current period is 3.25%. Some buildings may instead fall under AB 1482.
Does Measure ULA apply to apartment sales in Culver City?
No. Measure ULA is a City of Los Angeles ordinance and does not apply to properties in Culver City.
How do I sell an apartment building in Culver City?
Work with a broker who understands Culver City’s local rent stabilization system, the absence of Measure ULA, the Westside/1031 buyer pool, and how to accurately present both in-place income and long-term upside. Precise pricing and clear communication of the regulatory framework are especially important in this market.
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.
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