Price per unit is the sale price divided by total unit count. For LA multifamily in 2026, ranges run $225,000 (Western Valley) to $700,000+ (Westside premium).
Price per unit is the simplest comparable metric in multifamily. Calculate by dividing total purchase price by total unit count. A 20-unit building selling for $6 million is $300,000 per unit.
It's useful as a sanity check and for cross-submarket comparison, but it doesn't account for unit size, condition, rent roll, or regulatory regime. Two buildings at the same price per unit can have dramatically different investment cases.
LA metro average Q1 2026: roughly $278,000 per unit (Kidder Mathews). Range: $225,000 (Reseda, Canoga Park) to $700,000+ (Century City, premium Westside). Specific submarket and building-age cohort drive the number more than any metro-wide average.
From the Sterman LA Multifamily Glossary — defined the way a broker with $1.41 billion across 254 closed transactions actually uses these terms.
Michael Sterman, Senior Managing Director Investments, Marcus & Millichap.
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