west Los Angeles multifamily real estate overview

West Los Angeles

West Los Angeles (West LA) is a highly desirable and centrally located submarket on the Westside of Los Angeles, prized by multifamily investors for its strong rental demand, convenient location, and balanced mix of residential and commercial appeal.

Bounded by Santa Monica Boulevard to the north, Pico Boulevard and the I-10 Freeway to the south, the I-405 to the west, and areas such as Beverly Glen and Robertson Boulevard to the east, West LA borders several premium neighborhoods including Westwood, Sawtelle (Little Osaka), Rancho Park, Cheviot Hills, and Century City.

The area offers residents a dynamic lifestyle with excellent walkability, diverse dining options upscale shopping, and proximity to world-class cultural institutions like the Getty Center and Hammer Museum. Beautiful parks, easy access to the beaches, and major employment centers further enhance its tenant appeal.

For multifamily investors, West LA remains resilient with stable occupancy rates and consistent demand. While new supply is being delivered in select pockets, limited overall housing inventory and strong barriers to homeownership continue to support healthy rental rates and long-term appreciation in this accessible, amenity-rich Westside location.

2025 West LA Multifamily Market Statistics at a Glance

Westside Los Angeles Annual Multifamily Apartment Building Sales Statistics*

The image shows a black cat sitting on a white surface in front of a black background.
Icon of a price tag with a dollar sign.
Icon of a no smoking sign with a cigarette crossed out.
A black t-shirt with white text that says, 'The best is yet to come'.
Black and white drawing of a character with glasses and a hat, holding what appears to be a guitar or similar stringed instrument.

Buildings Sold: 55

Avg. Sale Price: $4,700,000

Avg. Price Per Unit: $429,407

Avg. Months to Sale: 4.3 mos

Avg. Price Per SF: $411

Get Your Free Property Valuation

Discover What Your Building Is Really Worth Today

Get Started

Average Rent vs Vacancy Rate- Historical & Estimated

West LA historical average vacancy rate and market rent 
2025 Q3: West Los Angeles multifamily apartment buildings Average Rent: $3,073, Vacancy Rate: 9.0%

Average GRM and Cap Rate- Historical

Graph showing West LA multifamily historical average GRM and cap rate for apartment buildings sold 
2025: West Los Angeles multifamily apartment building sold GRM: 13.3 Cap Rate: 5.3%

Number of Multifamily Buildings Sold- Historical

West Los Angeles number of multifamily transactions between 2020 and 2025 
2025: West LA multifamily apartment buildings sold: 56

Average Price/Unit and Price/SF- Historical

West LA average price per unit and SF of apartment buildings sold 
2025: West Los Angeles multifamily apartment building sold Price/Unit: $429,407, Price/SF: $411.91
Historical and estimated market statistics for the West Los Angeles multifamily apartment building submarket. The graphs above show the average Price/Unit, Price/SF, GRM, Cap Rate, Rent and Vacancy for Westside Los Angeles 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.

Los Angeles Apartment Brokerage Services

We are a full-service real estate brokerage specializing in Los Angeles apartment building sales and multifamily transactions. With a powerful nationwide network of lenders, brokers, and industry professionals, we deliver exceptional results for apartment building owners and investors both locally in Greater Los Angeles and across the United States.

Contact Us

  • Our experienced team delivers accurate apartment building valuations and multifamily property valuations throughout Los Angeles. Using in-depth market analysis and recent comparable sales (comps), we help apartment owners determine true market value — ideal for inherited buildings, estate planning, or tax purposes.

  • Our experienced team specializes in representing sellers of Los Angeles apartment buildings and multifamily properties. We provide unmatched buyer exposure through our nationwide network, strategic marketing on LoopNet, CoStar, CREXi, and MLS, and targeted campaigns that attract serious investors fast.

  • Our experienced team expertly guides investors through 1031 exchanges, helping you identify the ideal replacement property — particularly in sought-after NNN properties and triple net lease investments. We manage the full 1031 exchange process with confidence, supported by a proven track record and an extensive network of NNN experts.

  • Whether you're completing a 1031 exchange or seeking a passive investment, our nationwide network connects you with premium NNN properties, triple net lease investments, and high-quality single-tenant replacement properties. We help you find the right assets for steady cash flow and minimal management, backed by deep relationships across the U.S.