Can I Sell My Multi-Unit Building in Los Angeles With Tenants in Place?

If you own a multifamily property in Los Angeles, one of the most common questions is: Can I sell my apartment building while tenants are still living there?

The short answer: yes, you can. In fact, the majority of apartment buildings in L.A. are sold with tenants in place. When a sale closes, the buyer simply becomes the new landlord and assumes all responsibilities—collecting rent, honoring leases, and complying with rent control laws.

At The Beverly Group, we purchase properties with tenants in place multiple times each year, so this is a process we know inside and out.

How Tenants Affect the Sale Price

While you can sell your Los Angeles multifamily property with tenants in place, the value of your building depends on several factors:

RSO (Rent Stabilization Ordinance)

Buildings covered by rent control typically trade for less, since rent increases are capped and buyers must underwrite those restrictions.

Current Rent Levels

Apartment units that are already renovated and leased at higher, market rents tend to command stronger pricing. Properties with long-term tenants paying below-market rents are valued lower, since the income stream is constrained.

Condition & Stability

Updated units and reliable tenants increase value. Conversely, deferred maintenance, unresolved violations, or tenant disputes often reduce the purchase price.

Tenant Estoppels

During the sales process, LA real estate buyers may request tenant estoppel certificates—short forms signed by tenants confirming rent, deposits, and lease terms. These documents help verify income and prevent surprises after closing.

The Bottom Line

Yes—you can sell your Los Angeles multifamily property with tenants in place. Whether you own a rent-controlled building, a property with market-rate tenants, or a mix, there are active buyers (like The Beverly Group) ready to purchase based on income and property condition.

Interested in Selling?

At The Beverly Group, we buy multifamily properties across Los Angeles directly from owners. We purchase as-is, with tenants in place, and can move quickly to close on your schedule.

📩 Contact us today to discuss your property confidentially and receive a no-obligation offer.