Updated August 27, 2026
Across the ten submarkets in this desk's record, the usual warning is that the median cannot price a specific building. Koreatown's per-door figures span more than seven times. Reseda's span six.
Palms spans under two. It is the tightest range in the record, and it makes this the one submarket where a per-door reference is genuinely reliable.
| 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) | — |
Three things produce it.
Palms is one and a half square miles of largely the same building: the 1950s to 1970s wood-frame stucco walk-up, raised over open tuck-under parking, repeated block after block. It is the densest concentration of that single type anywhere in this record.
Where a submarket mixes 1920s courtyard buildings, Art Deco mid-rises and modern podium construction, per-door figures spread. Where nearly everything was built to the same brief in the same three decades, they do not.
Roughly nine in ten residents here rent, in a neighborhood among the densest in Los Angeles County. The tenant base — young, mobile, working across the Westside tech corridor — turns over more readily than the decades-long tenancies that define Koreatown.
Higher turnover compresses the rent gap, and the rent gap is the single largest source of building-to-building price variation in rent-stabilized submarkets. Where most buildings sit at a similar distance from market, most buildings price similarly.
Westside investors buying income, at check sizes that a wide range of buyers can reach. Not a contest between developers, institutions and private individuals each pricing a different thing — which is what produces wide dispersion elsewhere.
A Palms per-door reference is unusually likely to apply to your building. That is rare in this record and it is genuinely useful — an owner here can get close to a realistic number from comparables alone.
But two exceptions sit inside this record. The 118-unit property at 10751 Rose Ave is far larger than anything else here and does not belong in a small-building comparison. And 3701 Westwood Blvd traded twice within seven months at slightly different prices — that pair is a reminder that even in a predictable submarket, individual transactions have individual circumstances.
And predictability is not the same as immunity. Palms is inside the City of Los Angeles, so Measure ULA, the soft-story retrofit ordinance and the Rent Stabilization Ordinance all apply. A building with an outstanding retrofit will price below this range regardless of how tight the range is.
The full record is at the Palms closing record in full.
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