Multifamily market guide
Selling an apartment building in Westwood
Westwood surrounds UCLA, which keeps demand steady from students, staff and medical center workers. Apartment buildings here range from small courtyard buildings to large mid-rise properties along Wilshire and in North Village.
What drives value in Westwood
- Walking distance to UCLA and the medical center
- Unit mix (studios and one-bedrooms versus larger units)
- Rent control status and lease turnover
- Future transit access along Wilshire
Ask us for recent Westwood 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.
Westwood FAQ
Owner questions
Does UCLA demand help my building value?
Yes. Steady student and staff demand supports occupancy and turnover to market rents, which buyers value.
Does Measure ULA apply in Westwood?
Yes. Westwood is part of the City of Los Angeles.
General information, not legal or tax advice. Rules and thresholds change; we confirm them for each sale.