Mid-Wilshire Multifamily Broker: Apartment Building Sales
Mid-Wilshire, home to the Miracle Mile and Museum Row, gained three new subway stations when the Metro D Line extension opened in May 2026. Its older rent-controlled buildings line the side streets between Wilshire and Pico, from Fairfax to La Brea and beyond. Highlight sold 1201 S Orange Grove Ave, a 5-unit rent-controlled building with structural issues and minimal parking, at full price on an accelerated timeline.
Get a Free Broker Opinion of Value in Mid-WilshireTransit Access
- Metro D Line (Purple): Wilshire/La Brea and Wilshire/Fairfax stations, opened May 8, 2026, with Wilshire/La Cienega just west
- Metro bus lines along Wilshire Blvd, La Brea Ave, and Fairfax Ave
- A direct subway ride to Koreatown and Downtown LA
Local Retail
- Museum Row: LACMA, the Academy Museum, and the Petersen
- La Brea Ave shops and restaurants
- The Grove and the Original Farmers Market (just north)
Major Employers
- Wilshire Blvd office corridor
- LACMA and the Museum Row institutions
- Cedars-Sinai Medical Center and CBS Television City (nearby)
Mid-Wilshire 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 Mid-Wilshire sales through September 2026. Figures are shown only when there are enough sales to be meaningful.
Built Before 1978 (RSO)
- Median Price Per Unit
- $209,375
- 5 Mid-Wilshire sales
- Median Price Per SF
- $277
- 5 Mid-Wilshire sales
- Typical Cap Rate
- 5.63% – 6.41%
- 5 Mid-Wilshire sales
Built 1978 or Later (AB 1482)
- Median Price Per Unit
- $502,500
- 5 Mid-Wilshire sales
- Median Price Per SF
- $375
- 5 Mid-Wilshire sales
- Typical Cap Rate
- Not enough data
- Fewer than 5 Mid-Wilshire sales reporting a cap rate
Curious what your own Mid-Wilshire property could be worth? Try our free value calculator →
The Subway Is Here: What the D Line Means for Mid-Wilshire Apartment Owners
On May 8, 2026, the Metro D Line extension opened three new subway stations along Wilshire Blvd: Wilshire/La Brea, Wilshire/Fairfax, and Wilshire/La Cienega. For the first time, a Mid-Wilshire tenant can ride straight to Koreatown and Downtown LA without a car, and by 2027 the line is projected to reach Beverly Hills, Century City, and Westwood.
- Wilshire/WesternKoreatown
- Wilshire/La BreaOpened May 2026
- Wilshire/FairfaxOpened May 2026
- Wilshire/La CienegaOpened May 2026
- Beverly Hills & Century CityProjected 2027
- WestwoodProjected 2027
Source: LA Metro. Dates for the stations west of La Cienega are projections, not set opening dates.
Put the walk to the station in your marketing
Renters pay for an easy commute, and buyers price in future rent growth. If your building is within a 10 to 15 minute walk of a new station, say so, with the minutes, in the offering. It is one of the few selling points in Mid-Wilshire that did not exist a year ago.
Get a zoning check before you set a price
A new state law, SB 79, took effect July 1, 2026 and allows more housing near major transit stops. Los Angeles is phasing it in, and in historic districts full implementation waits until 2030. If your lot is near a station, a developer may value the land more than an investor values the building. Print your parcel’s zoning from the city’s ZIMAS site and ask us to price it both ways.
Know whether you are in the Miracle Mile HPOZ
Much of the area south of Wilshire between Fairfax and La Brea is a Historic Preservation Overlay Zone, approved by the City Council in 2017. Inside it, exterior changes and new construction go through design review. That matters most to buyers planning to add units or rebuild, so your ZIMAS printout should show it either way.
Our sale of 1201 S Orange Grove Ave, a 5-unit rent-controlled building with structural issues and minimal parking, closed at full price on an accelerated timeline. We have also sold nearby in Arlington Heights, including 1513 Arlington Ave.
Rent Control in Mid-Wilshire, in Plain English
Mid-Wilshire 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 Mid-Wilshire 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 Mid-Wilshire 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 Mid-Wilshire’s median of $209,375 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 Mid-Wilshire 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 $209,375 in value but can add roughly $217,750 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 Mid-Wilshire 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 Mid-Wilshire Apartment Buildings Sell For
Older, rent-controlled buildings in Mid-Wilshire sold for a median of $209,375 per unit in January-September 2026, across 5 sales, with cap rates typically between 5.63% and 6.41%. 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 Mid-Wilshire 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 Mid-Wilshire?
Mid-Wilshire Multifamily FAQs
What is the price per unit for an apartment building in Mid-Wilshire?
Among buildings built before 1978 sold in Mid-Wilshire so far in 2026, the median price per unit was $209,375 across 5 sales, and the median price per square foot was $277. Figures are through September 2026 and move with the market.
What cap rate do Mid-Wilshire apartment buildings sell for?
Buildings built before 1978 sold in Mid-Wilshire in 2026 had a typical cap rate range of 5.63% – 6.41%, based on 5 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 Mid-Wilshire?
Mid-Wilshire 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 Mid-Wilshire?
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 Mid-Wilshire apartment buildings?
Yes. Mid-Wilshire 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 Mid-Wilshire's 2026 median of $209,375 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 Mid-Wilshire 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.
Which Metro subway stations are in Mid-Wilshire?
The Metro D Line extension opened Wilshire/La Brea, Wilshire/Fairfax, and Wilshire/La Cienega stations on May 8, 2026, connecting Mid-Wilshire directly to Koreatown and Downtown LA. Stations in Beverly Hills, Century City, and Westwood are projected to open in 2027.
Is Mid-Wilshire in a historic district?
Part of it is. The Miracle Mile Historic Preservation Overlay Zone (HPOZ), approved by the City Council in 2017, covers much of the area south of Wilshire between Fairfax and La Brea. Inside it, exterior changes and new construction go through design review. Check your parcel on the city’s ZIMAS site before you price a sale.
What apartment buildings has Highlight sold in Mid-Wilshire?
Highlight has closed a sale in Mid-Wilshire: 1201 S Orange Grove Ave (5 units, $1.65M). Every closed sale is listed with its details on our closed sales page.
Why do investors buy apartment buildings in Mid-Wilshire?
Mid-Wilshire is in Central LA, with a Walk Score of 92 (Walker's Paradise; 5200 Wilshire Blvd). Transit includes Metro D Line (Purple): Wilshire/La Brea and Wilshire/Fairfax stations, opened May 8, 2026, with Wilshire/La Cienega just west. Nearby employers and anchors include Wilshire Blvd office corridor, LACMA and the Museum Row institutions, and Cedars-Sinai Medical Center and CBS Television City (nearby). Walkable, transit-connected neighborhoods with local jobs tend to keep renter demand steady.
Are there apartment buildings for sale in Mid-Wilshire right now?
We do not have an active Mid-Wilshire listing at the moment. Contact us and we will tell you about upcoming and off-market opportunities as they arise.
What is my Mid-Wilshire apartment building worth?
Start with our free property value calculator, which prices your building using Mid-Wilshire'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
Nearby markets we serve: Koreatown, West Hollywood, Pico-Union
Own an Apartment Building in Mid-Wilshire?
Get a free, confidential Broker Opinion of Value.