LA CITY APARTMENT SALES METRICS (2026 VS 2025)
A look at first-half 2026 multifamily sales activity in the City of Los Angeles, what the numbers reveal, and what it means for apartment owners.
JANUARY - JUNE 2026
Sales Metrics in Los Angeles City 5-50 Units (RSO Buildings)
JANUARY - JUNE 2025
Sales Metrics in Los Angeles City 5-50 Units (RSO Buildings)
$203,055
SALE PRICE/UNIT
$198,937
SALE PRICE/UNIT
4.1
MONTHS TO SALE
4.1
MONTHS TO SALE
3K
SOLD UNITS
2.6K
SOLD UNITS
-9.1%
SALE VS ASKING PRICE
-7.1%
SALE VS ASKING PRICE
$2.3M
AVG SALE PRICE
$2.3M
AVG SALE PRICE
$600M
SALES VOLUME
$510M
SALES VOLUME
6.3%
CAP RATE
5.9%
CAP RATE
Sales By Buyer Type
6%
Owner/User
4%
Institutional
90%
Private
Sales Volume Percent
The chart above summarizes first-half 2026 versus first-half 2025 activity for RSO apartment transactions ranging from 5 to 50 units.
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Cap rates increased modestly to 6.3%, while the average price per unit rose slightly to $203,000 per door. Transaction volume climbed by nearly $100 million, and months to sale remained flat at 4.1 months. However, the sale-to-ask ratio rose to -9.1%, highlighting a widening gap between seller expectations and buyers’ willingness to meet those pricing expectations, as well as a mix of price discovery.
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Although interest rates remain elevated, The Dilanian Real Estate Advisors continues to identify private buyers executing unique business plans with a positive long-term outlook on the Los Angeles apartment market. As reflected in the data, approximately 90% of buyers are private individuals.
CUSTOMIZED STRATEGY
TARGETED ANALYSIS
Each listing is approached with a customized marketing strategy, paired with our deep relationships with Los Angeles’ top apartment buyers, allowing sellers to achieve strong pricing and favorable terms in any market cycle.
While this chart aggregates transactions across multiple Los Angeles submarkets, we would be happy to provide a more targeted pricing analysis specific to your apartment building.
STRATEGIC GUIDANCE
It remains a challenging market to transact in, and Eric has been candid with certain owners—advising them to hold rather than sell. However, if a 1031 exchange into another property or a Delaware Statutory Trust is part of the conversation, please reach out for a confidential discussion.
Ready to Discuss Your
Apartment Building?
Whether you're buying, selling, exchanging, or simply exploring your options, Eric Dilanian provides trusted multifamily brokerage and investment advisory services throughout Los Angeles.
