By PadMint Pro

10 Fun Facts About Los Angeles County Multifamily!

#1 - There are 67,909 multifamily buildings in Los Angeles 5 units and above!

#2 - There were roughly 2,000 5+ unit transfers that occured in 2018.

#3 - There are 174,050 2-4 unit buildings in Los Angeles.

#4 - There were roughly 4,600 2-4 unit transactions that occured in 2018.

#5 - Multifamily sales from June 2017 through June 2018 totaled $10 Billion!

#6 - The average sales price per unit came in at $275,000, a record for the market and almost doubles the average national price!

#7 - Total occupied apartments are 562,060

#8 - Apartments percent of all housing in Los Angeles equals 35% (New York is the only one higher at 45%)

#9 - In 2018 rents grew about 3 percent which was the same rate as the nation

#10 - The average asking rent for all LA apartments is now at $1,850 per month. One-bedroom units at an average of $1,675 and two-bedroom units around $2,140.