Hollywood Multifamily Broker: Apartment Building Sales
Hollywood sits at the center of the city, between West Hollywood to the west, the Hollywood Hills to the north, and East Hollywood to the east. It pairs one of the highest Walk Scores in Los Angeles with Metro B Line stations and a steady flow of entertainment-industry renters, which keeps demand for apartments broad. Most of the apartment buildings that sold here in 2026 were older buildings, so rent control and building condition shape pricing as much as location does, and newer buildings trade on a different footing. This page uses real 2026 sales to show what buyers have paid.
Get a Free Broker Opinion of Value in HollywoodTransit Access
- Metro B Line (Red): Hollywood/Western, Hollywood/Vine, and Hollywood/Highland stations
- Metro and DASH bus service along Sunset, Hollywood, and Santa Monica Blvds
- Quick access to the US-101 freeway
Local Retail
- Hollywood Blvd and Hollywood & Highland, home to the Dolby Theatre
- Sunset Blvd restaurant, nightlife, and entertainment corridor
- Hollywood & Vine and the surrounding dining district
Major Employers
- Paramount Pictures and other studio lots along Melrose, Sunset, and Gower
- Entertainment, media, and production companies clustered around Sunset and Hollywood Blvds
- Tourism and hospitality employers, including hotels, venues, and the nearby Hollywood Bowl
Hollywood Multifamily Sales So Far This Year
Buildings built before 1978 fall under the LA Rent Stabilization Ordinance (RSO) and trade differently than newer buildings under AB 1482, so we break them out separately. Confirmed Hollywood sales through September 2026. Figures are shown only when there are enough sales to be meaningful.
Built Before 1978 (RSO)
- Median Price Per Unit
- $210,400
- 23 Hollywood sales
- Median Price Per SF
- $267
- 23 Hollywood sales
- Typical Cap Rate
- 5.83% – 7.06%
- 18 Hollywood sales
Built 1978 or Later (AB 1482)
- Median Price Per Unit
- $708,929
- 6 Hollywood sales
- Median Price Per SF
- $395
- 6 Hollywood sales
- Typical Cap Rate
- 5.34% – 6.63%
- 5 Hollywood sales
Curious what your own Hollywood property could be worth? Try our free value calculator →
Rent Control in Hollywood, in Plain English
Hollywood is inside the City of Los Angeles, so most older apartment buildings here fall under LA’s Rent Stabilization Ordinance (RSO). Rent control is the biggest single factor in what a buyer will pay, because buyers price in how far below market the current rents are. Here is how to tell which rules cover your building.
- Rent can rise once a year by the city’s set percentage: 3% from July 1, 2026 to June 30, 2027
- Tenants can only be evicted for reasons the ordinance allows
- No-fault move-outs require relocation payments
- The building must be registered with the LA Housing Department every year
- LA’s Just Cause Ordinance limits evictions
- Once a building is more than 15 years old, the statewide AB 1482 cap (5% plus inflation, up to 10%) may apply
- Confirm the status of your units with the city or an attorney
Three rent control rules every Hollywood seller should know
- Market rent comes back only when a tenant leaves on their own. Under the state’s Costa-Hawkins law, you can set a new rent when a tenant moves out voluntarily. That reset is the upside buyers are paying for.
- You can only raise rent if your registration is current. LA requires every RSO building to be registered and its fees paid each year. Buyers check this, and gaps become credits in escrow.
- Relocation payments rise every July. If a buyer plans to renovate or redevelop, the relocation cost for each tenant is part of their math, and it shows up in their offer.
How Many Units Before Measure ULA Hits a Hollywood Building?
Measure ULA, the City of LA’s “mansion tax,” takes 4% of the entire price once a sale goes over $5.4 million, and 5.5% at $10.9 million or more. At Hollywood’s median of $210,400 per unit for older buildings, that line arrives at about 26 units. Here is what that looks like.
Illustration only, using the median price per unit for Hollywood buildings built before 1978 (January-September 2026). Your building’s price depends on its own rents and condition. ULA thresholds for closings after June 30, 2026, from the City of Los Angeles Office of Finance.
Going from 25 to 26 units adds about $210,400 in value but can add roughly $218,816 in tax. If your building is anywhere near the line, price it with the tax in mind and compare offers on what you keep, not the headline number. Our guide to Measure ULA thresholds walks through the “dead zone” above each line.
Three Moves to Make Before You List a Hollywood Building
Take this year’s rent increase first
Buyers pay for the rent roll they see. If you have skipped the 3% RSO increase, serve the notices before you list (one increase per 12 months, and only with current registration).
Have your soft-story certificate ready
LA requires older wood-frame buildings with weak ground floors (think tuck-under parking) to be retrofitted, and most deadlines have passed. Buyers and lenders expect the city’s certificate of compliance. Find yours, or the permits showing the work is underway, before a buyer asks.
Know your “rent gap”
List each unit’s rent, move-in year, and what a vacant unit would rent for today. The gap between the two is the upside buyers are paying for. Having it ready shows that upside and keeps the price conversation on your terms.
What Hollywood Apartment Buildings Sell For
Older, rent-controlled buildings in Hollywood sold for a median of $210,400 per unit in January-September 2026, across 23 sales, with cap rates typically between 5.83% and 7.06%. Here is how that compares with the other neighborhoods we cover.
Source: Highlight Multifamily Group analysis of CoStar sold multifamily comps. Neighborhoods with fewer than 3 sales are left out.
What to Gather Before Selling a Hollywood Apartment Building
- Current rent roll with each tenant’s move-in date and current rent
- This year’s LA Housing Department registration and proof the fees are paid
- Copies of the last rent increase notices served
- Soft-story certificate of compliance, or permits for work underway
- Your SB 721 balcony and stair inspection report, if the building has elevated wood balconies, decks, or stairs (see our SB 721 guide)
- A zoning printout for your parcel from the city’s ZIMAS site
- Two years of operating expenses and utility bills
- Any buyout agreements, relocation payments, or pending tenant matters
Not sure where to start? We will walk you through it as part of a free Broker Opinion of Value. Request yours here.
Thinking of Selling an Apartment Building in Hollywood?
Hollywood Multifamily FAQs
What is the price per unit for an apartment building in Hollywood?
Among buildings built before 1978 sold in Hollywood so far in 2026, the median price per unit was $210,400 across 23 sales, and the median price per square foot was $267. Figures are through September 2026 and move with the market.
What cap rate do Hollywood apartment buildings sell for?
Buildings built before 1978 sold in Hollywood in 2026 had a typical cap rate range of 5.83% – 7.06%, based on 18 sales that reported one (the middle half of those sales). Cap rates vary with building age, condition, and rent levels, so your building can sit above or below the range.
Does rent control apply to apartment buildings in Hollywood?
Hollywood is in the City of Los Angeles. Buildings with a certificate of occupancy issued before October 1, 1978 are generally covered by the Rent Stabilization Ordinance, and newer buildings typically fall under the statewide AB 1482 cap. Rent control affects value because buyers price in below-market rents, as we explain in our guides.
2026 AB 1482 rent cap · Selling with rent-controlled tenants
How much can landlords raise rent on rent-controlled apartments in Hollywood?
Under the LA Rent Stabilization Ordinance, the allowable increase is 3% from July 1, 2026 through June 30, 2027. Rent can go up once every 12 months, with proper notice, and only if the building's registration with the LA Housing Department is current.
Does Measure ULA apply to Hollywood apartment buildings?
Yes. Hollywood is in the City of Los Angeles, so sales above $5.4 million pay a 4% ULA tax on the entire price, and sales at $10.9 million or more pay 5.5%. At Hollywood's 2026 median of $210,400 per unit for older buildings, a building of about 26 units or more is likely to cross the $5.4 million line.
How do I find out if my Hollywood apartment building is rent controlled?
Look up your address on the City of Los Angeles’ ZIMAS site. Under the Housing section, the Rent Stabilization Ordinance (RSO) field says Yes if at least one unit in the building is covered, so a building can be only partly covered. Buildings first occupied on or before October 1, 1978 are generally covered, and newer buildings typically fall under the statewide AB 1482 cap. The LA Housing Department answers questions at (866) 557-7368.
What apartment buildings has Highlight sold in Hollywood?
Highlight has closed sales in Hollywood, including 5431-5441 Lemon Grove Ave (development site, $2.38M), and 853 N Ridgewood Pl (2 units, $750,000). Every closed sale is listed with its details on our closed sales page.
5431-5441 Lemon Grove Ave · 853 N Ridgewood Pl · All closed sales
Why do investors buy apartment buildings in Hollywood?
Hollywood is in Central LA, with a Walk Score of 95 (Walker's Paradise; Central Hollywood is the most walkable neighborhood in LA) and a Transit Score of 67. Transit includes Metro B Line (Red): Hollywood/Western, Hollywood/Vine, and Hollywood/Highland stations. Nearby employers and anchors include Paramount Pictures and other studio lots along Melrose, Sunset, and Gower, Entertainment, media, and production companies clustered around Sunset and Hollywood Blvds, and Tourism and hospitality employers, including hotels, venues, and the nearby Hollywood Bowl. Walkable, transit-connected neighborhoods with local jobs tend to keep renter demand steady.
Are there apartment buildings for sale in Hollywood right now?
We do not have an active Hollywood listing at the moment. Contact us and we will tell you about upcoming and off-market opportunities as they arise.
What is my Hollywood apartment building worth?
Start with our free property value calculator, which prices your building using Hollywood's own 2026 sales. Then request a free Broker Opinion of Value for a number based on your actual rent roll, expenses, and condition.
Free property value calculator · Free Broker Opinion of Value
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