Multifamily market guide
Selling an apartment building in Palms / Mar Vista
Palms has one of the highest concentrations of apartment buildings on the Westside, and Mar Vista adds a mix of small multifamily on larger lots. Both benefit from the Expo Line, Culver City jobs and steady renter demand.
What drives value in Palms / Mar Vista
- Rent levels versus nearby market comps
- Proximity to the Expo Line, Culver City and the 10 and 405
- Building size, unit mix and parking
- Measure ULA threshold at the expected price
Ask us for recent Palms / Mar Vista 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.
Palms / Mar Vista FAQ
Owner questions
What buyers are active in Palms?
Palms draws value-add investors, local family owners trading up, and 1031 exchange buyers who want stable rental demand near transit.
Is Mar Vista in the City of Los Angeles?
Yes. Mar Vista and Palms are LA neighborhoods, so the LA RSO and Measure ULA apply.
General information, not legal or tax advice. Rules and thresholds change; we confirm them for each sale.