Updated August 27, 2026
Three submarkets within a few miles of each other. Three different price levels, three different building types and three different sets of rules. Owners with buildings in more than one of them are routinely surprised by how little the numbers have in common.
All figures below are computed from my own closed record rather than from a published index — the methodology sets out exactly how.
| Hollywood | Koreatown | West Hollywood | |
|---|---|---|---|
| Buildings closed | 24 | 21 | 20 |
| Units | 562 | 465 | 204 |
| Volume | $153.2M | $80.2M | $68.4M |
| Median per unit | $282,589 | $158,958 | $350,754 |
| Building sizes | 3–75 units | 4–96 units | 4–22 units |
The per-door spread from the cheapest of the three to the dearest is more than double. That is the single most useful fact on this page, and it is why applying a citywide per-unit figure to a specific building is close to meaningless.
Two reasons, and the second is bigger than most owners expect.
The buildings are smaller. The West Hollywood record holds nothing above the low twenties in unit count, against Hollywood's range running to seventy-five. Smaller buildings trade higher per door, consistently — a smaller check brings a wider buyer pool, and per-unit rents do not fall with building size.
No Measure ULA. West Hollywood is a separate city, outside the City of Los Angeles transfer tax entirely. On a building of scale that is a percentage of gross price that simply does not exist there — and it is capitalized into what buyers will pay.
The offsetting factor is the rent ordinance: West Hollywood runs its own, adopted within a year of the city incorporating in 1984, and it is not a variant of the LA City RSO. See three names, three rulebooks.
Not because it is a weaker market. Koreatown transacts heavily and the buyer pool is deep.
It prices lower per door largely because the buildings are bigger — the record here runs to buildings several times the size of anything in the West Hollywood book — and because in-place rents on very long-tenanted pre-1978 stock sit further below market. Buyers underwrite the income as it is, and the ordinance governs how quickly that changes.
Koreatown also has more Metro rail than almost any submarket in the city, three D Line stations along Wilshire, which puts a large share of it inside a Transit Oriented Communities tier.
In between, and with the widest internal spread of the three. Hollywood's record runs from small buildings to seventy-five units, from 1920s courtyard blocks to 1960s walk-ups over open parking, and prices accordingly — the reasoning is in why Hollywood doors price so differently.
Hollywood is inside the City of Los Angeles, so RSO, Measure ULA, the soft-story ordinance and the HPOZ program all apply — the full LA City stack.
Do not price your building off the submarket next door. The three are adjacent and the numbers are not comparable, for reasons that have to do with jurisdiction and building size rather than with anything about the neighborhoods themselves.
Establish your own building's size band first. It explains more of the per-door figure than the submarket does.
If you hold in more than one of the three, the cost of exiting differs materially — and that belongs in the decision about which to bring to market first, independently of how each building is performing.
The broker pages carry the banded per-door detail for each: Hollywood · Koreatown · West Hollywood.
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