Multifamily market guide
Selling an apartment building in Mid-City / Beverlywood
Mid-City and Beverlywood sit between Beverly Hills, Century City and Culver City. The area has a large stock of older apartment buildings with good access to the 10, Pico and the Metro D Line extension along Wilshire.
What drives value in Mid-City / Beverlywood
- Rent control status and how far rents are below market
- Proximity to Beverly Hills, Century City and transit
- Building condition and deferred maintenance
- Measure ULA threshold at the expected price
Ask us for recent Mid-City / Beverlywood sales, current cap rates and price per unit for buildings like yours.
- Rent control
- City of Los Angeles Rent Stabilization Ordinance (RSO). It generally covers buildings with two or more units first occupied on or before October 1, 1978. Allowed annual increases are set by the city, and units can reset to market rent on vacancy under state law (Costa-Hawkins).
- Transfer taxes
- Measure ULA transfer tax applies to City of Los Angeles sales above set price thresholds, adjusted every year, on top of the normal county and city transfer tax. Sales just above a threshold can net less than sales just below it, so pricing strategy matters.
- Statewide rules
- Buildings not covered by local rent control are often covered by California AB 1482, which caps annual increases and requires just cause for most evictions in buildings over 15 years old.
Mid-City / Beverlywood FAQ
Owner questions
Is Beverlywood part of Beverly Hills?
No. Beverlywood is in the City of Los Angeles, so the LA RSO and Measure ULA apply. Beverly Hills is a separate city with its own rules.
Is there buyer demand for older Mid-City buildings?
Yes. Value-add buyers look for older buildings with below-market rents and room to renovate units as they turn over.
General information, not legal or tax advice. Rules and thresholds change; we confirm them for each sale.