Updated August 27, 2026
Fourteen years of Hollywood closings from this desk, expressed as price per residential unit. 24 buildings, 562 units, $153.2M.
Read the sample sizes before the numbers.
| Year | Closings | Median per unit |
|---|---|---|
| 2012 | 1 | $271,429 (one sale) |
| 2013 | 2 | $193,333 |
| 2015 | 3 | $318,591 |
| 2016 | 3 | $312,500 |
| 2017 | 1 | $293,750 (one sale) |
| 2018 | 3 | $208,333 |
| 2019 | 1 | $414,286 (one sale) |
| 2020 | 1 | $384,375 (one sale) |
| 2021 | 1 | $252,941 (one sale) |
| 2022 | 4 | $421,988 |
| 2023 | 1 | $204,762 (one sale) |
| 2025 | 2 | $263,083 |
| 2026 | 1 | $205,000 (one sale) |
A year with one closing is one closing, and it is labeled that way. It is not a market reading and it should not be treated as one. Only the years with several sales say anything about direction, and even those are a handful of buildings rather than a market index.
That caveat is the honest one, and it is why this page exists alongside a published market report rather than instead of one. What it offers that an index cannot is that every figure is a real transaction with an address behind it, in one submarket, from one desk.
| Building size | Closings | Median per unit | Range |
|---|---|---|---|
| 4–10 units | 4 | $276,833 | $177,500 – $414,286 |
| 11–25 units | 12 | $303,125 | $170,000 – $457,812 |
| 26–50 units | 7 | $252,941 | $157,931 – $406,476 |
| 51+ units | 1 | $186,667 (one sale, not a median) | — |
This is the more useful cut. Price per door falls as buildings get bigger — reliably, and for reasons that have nothing to do with quality. A larger building means a larger check, a smaller pool of buyers able to write it, different financing, and per-unit rents that do not rise with unit count.
Which means comparing a six-unit building to a forty-unit building on price per door compares two different products. An owner working out what their building is worth should start from their own band, not from the overall median of $282,589.
The range inside each band above is wide, and three things account for most of it.
Rent position against the RSO cap. The dominant variable in Hollywood. Long-tenanted buildings carry more theoretical upside and less income today, and buyers price the income today.
Retrofit status. Hollywood is dense with 1950s and 1960s walk-ups over open parking. An outstanding soft-story obligation attracts a discount larger than the work costs — see Hollywood dingbats and the soft-story bill.
Condition and vintage. A 1920s courtyard building and a 1960s dingbat sell to different buyers at different numbers, both of them legitimate.
It is one desk's record in one submarket, not a market index. It contains no cap rates, no rents and no income figures, because the archive does not hold them and inventing them would defeat the purpose. And the sample in any single year is small enough that a year-on-year swing may say more about which two buildings happened to trade than about the market.
What it is good for: sanity-checking a number someone has given you, and understanding which questions actually decide your building's price.
The full list of every closing behind these figures is at the Hollywood closing record in full. How the figures are produced, and what is excluded, is in the methodology.
Request a free evaluation of your building →
Thinking about selling? Get a no-obligation evaluation on your building.
Request Free Evaluation →