What Your Los Angeles Multifamily Property is Worth in 2025 - A Buyer’s Perspective By The Beverly Group

In 2025, Los Angeles multifamily property owners find themselves in a market that is quieter, pickier, and much more sensitive to actual property performance than was the case a handful of years ago. Asking prices range, but actual figures aren't known until a buyer makes a real offer.

We are buyers, no brokers. Instead of pitching a listing or trying to chase comps, we actually underwrite the property as if the property was already owned by our company, and that’s where the valuation that really matters is created.

How We Think About Value in This Market

The story of 2025 is this: soft on the outside, disciplined on the inside. Pricing is no longer about pricing a ‘typical’ Los Angeles multifamily property, for example. It’s about pricing your property.

These include some of the key factors that make the needle move to a greater extent than people expect:

1. Stability of the Rent Roll

Two properties can have the same rent, but they can trade differently after you understand the turnover patterns. It is because of long-term lessees, unpredictable turnover, and discount rents. These matters affect properties differently. People assess a property's trend, not merely the numbers.

2. Condition Behind the Walls

Paint and flooring can be updated. The authenticity of value is made through plumbing age, electrical uniformity, roof quality, and what can be anticipated about the next 10 years, as defined by these systems of functionality. Properties that have perfect, albeit old, maintenance tend to be better than newer properties that lack good maintenance.

3. Real Upside vs. Theoretical Upside

Every seller hears about ADU potential and value add, but buyers distinguish between what works and what doesn’t.

Clean ADU paths, unit makeovers, and unit layout optimization. These earn rewards. Lifts, of course, don't.

4. Location on the Block – Not Just the ZIP Code

Los Angeles is a micro-market city. One side of the same street can be different from the other. Traffic patterns, sound, parking, and leasing demand affect what a property is worth, even if the properties look the same.

5. Expense Behavior

Insurance, Utilities, Garbage, Repairs – these aren't new costs, but the trend line is what matters. It's not just the price, but what the trend is that buyers see.

Why Seller Expectations Can Miss the Mark Compared to Buyer Reality

Most of these owners get this information about pricing from a broker or a neighbor or from a website that creates estimates designed for a single-family residence. Multifamily properties in Los Angeles do not operate that way. Buyers price the world that they're going to inherit, and not the world that is featured in a pitch deck.

Evaluating a Building Before a Purchase Offer is Made

The Beverly Group is a direct buyer, and therefore our valuation method is similar to that performed for underwriting purposes. We review:

• rent roll

• trailing expense and income patterns

• a unit-by-unit condition check

• systems and infrastructure note

• parking, storage, and layout potential

• renovation pathways that pay for themselves

• ADU and ED-1 feasibility

• comp sets from closed trades, not from listings

Because we are owners with an infrastructure to buy, renovate, and manage properties here in LA, we can come to real numbers quickly in a way that brokers cannot.

Why Many Owners Prefer Direct Sale Over a Public Process

Many sellers come to us because they prefer a quick and discreet sale without the headache of marketing and disrupting tenants.

If you’re considering selling, we will give you a real offer we will close on. If you're trying to determine if now is the time to exit or simply curious about your property's position, we can give you a confidential value range. No listing agreements. No pressure. No public process.

Only the number that matters: What you can sell your property for today.

Contact us for a valuation