Updated August 27, 2026
13 buildings, 337 units, $97.7M.
| Year | Closings | Median per unit |
|---|---|---|
| 2015 | 1 | $263,889 (one sale) |
| 2016 | 3 | $296,875 |
| 2018 | 1 | $423,529 (one sale) |
| 2019 | 2 | $323,194 |
| 2020 | 3 | $385,714 |
| 2022 | 1 | $268,644 (one sale) |
| 2024 | 1 | $248,750 (one sale) |
| 2026 | 1 | $237,222 (one sale) |
Years resting on a single closing are labeled as one sale. Palms transacts more steadily than most submarkets in this record — closings in eight separate years — which makes this table more informative than the equivalent for Santa Monica or Reseda, though still a small sample.
| Building size | Closings | Median per unit | Range |
|---|---|---|---|
| 4–10 units | 4 | $357,143 | $237,222 – $400,000 |
| 11–25 units | 6 | $282,569 | $248,750 – $423,529 |
| 26–50 units | 2 | $277,188 | $257,500 – $296,875 |
| 51+ units | 1 | $268,644 (one sale, not a median) | — |
Note how little the bands separate. In West Hollywood the small band prices 43% above the larger one. In Palms the gap across the main bands is far narrower, and the whole record spans under two times from cheapest door to dearest — the tightest range of the ten submarkets covered.
The single-sale bands are labeled and excluded from the machine-readable data on this page. One of them is the 118-unit property at 10751 Rose Ave, which is far larger than anything else here and should not be used as a reference for an ordinary Palms building.
Three structural reasons, set out in why Palms prices more predictably than anywhere: a near-uniform postwar stock across one and a half square miles, a high-turnover tenant base that keeps rent gaps small, and a consistent Westside income-buyer pool.
None of those is a sampling accident. They are facts about the neighborhood that would produce this result on any sufficient sample.
The retrofit position. Palms is dense with the walk-up-over-parking type the City of Los Angeles soft-story ordinance targets, and in a submarket where buildings otherwise look alike, this is one of the few genuine differentiators.
Proximity to the Metro E Line station, for the small number of sites where redevelopment economics actually work — what the Expo Line did to Palms.
And condition, which in a market of similar buildings does more work than it does where vintage varies widely.
Thirteen buildings across eleven years. One desk's record, not a market index, containing no cap rates, rents or income figures because the archive does not hold them.
What it is good for is unusual: in Palms, unlike most of this record, a per-door figure from these pages is a reasonable starting point for a specific building. That is worth stating plainly because it is not true anywhere else covered.
The full list is at the Palms closing record in full.
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