Historical Reports Archive · The Small Multifamily Report
90004 · 90027 · 90028 Subscriber Edition

The Small Multifamily Report

2–4 Unit Investment Property Intelligence

Zip Codes 90004 · 90027 · 90028

Central Los Angeles, California

Published Quarterly

Independent Market Intelligence for Apartment Owners and Investors

Full historical transaction data is restricted to subscribers.
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6
Quarterly Editions
Q1 2025 — Q2 2026
97
Total Closings Tracked
All three zip codes
+18%
Price/Unit Growth
Q1 2025 → Q2 2026
4.1%
Current Median Cap Rate
Down from 5.1% (2023)

Q2 2026
Issue No. 6
Current Issue
Fourplex Values Hit 11-Year High as Inventory Falls Below 15 Active Listings
$438K
Avg/Unit
↑ 6.2%
4.1%
Cap Rate
↓ 0.3 pts
18
Avg DOM
↓ 9 days
Q1 2026
Issue No. 5
Archived
Spring Buyers Absorb Limited Inventory; Western Ave. Corridor Leads Appreciation
$421K
Avg/Unit
↑ 4.8%
4.2%
Cap Rate
↓ 0.2 pts
21
Avg DOM
↓ 6 days
Q4 2025
Issue No. 4
Archived
Year-End Surge: 22 Closings in Q4 as 1031 Exchange Activity Drives December Volume
$408K
Avg/Unit
↑ 3.6%
4.3%
Cap Rate
↓ 0.1 pts
24
Avg DOM
↓ 3 days
Q3 2025
Issue No. 3
Archived
Summer Slowdown Reverses in September; Los Feliz Estate Sales Drive Premium Pricing
$394K
Avg/Unit
↑ 2.1%
4.4%
Cap Rate
↓ 0.1 pts
27
Avg DOM
↑ 2 days
Q2 2025
Issue No. 2
Archived
Buyers Return After Rate Stabilization; Multiple Offers Reappear on Well-Priced Fourplexes
$386K
Avg/Unit
↑ 1.8%
4.5%
Cap Rate
— Stable
27
Avg DOM
↓ 4 days
Q1 2025
Issue No. 1
Inaugural Issue
Inaugural Issue: Establishing the Baseline — 2–4 Unit Market Intelligence Launches in Central LA
$371K
Avg/Unit
Baseline
4.6%
Cap Rate
Baseline
31
Avg DOM
Baseline

Edition 90004 Koreatown 90027 Los Feliz 90028 Hollywood Combined Avg Transactions
Q2 2026 $412,000 $518,000 $389,000 $438,000 16
Q1 2026 $399,000 $501,000 $374,000 $421,000 19
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