Updated August 27, 2026
Ninety-six units. $8,850,000. June 2015. It is the largest single apartment building in this desk's entire closed record — larger than anything in Hollywood, more than four times the largest West Hollywood building — and it sold for $92,188 a door.
Those two facts look like they are in tension. They are the same fact.
The check narrows the room. A ninety-six-unit building at this price is a different transaction from a twelve-unit building at a tenth of it. Fewer buyers can write it, fewer lenders will finance it on ordinary terms, and the ones who can are institutional or semi-institutional buyers underwriting to a return rather than choosing a building they like.
Per-unit rents do not rise with unit count. A tenant is renting an apartment, not a share of a large asset. Ninety-six units of the same product produce ninety-six times the rent, not more — so the income per door that a buyer capitalizes is flat while the risk and the management burden are not.
Scale is priced in total, discounted per unit. That is the rule across this record, and this building is its clearest single illustration.
Koreatown holds larger buildings than any other submarket covered here, and that is the main reason its median per door sits at the bottom of the ten — not because the neighborhood is weaker. The full argument is in why Koreatown prices lowest per door.
It is also a density story. Koreatown is the densest neighborhood in the United States at roughly 42,600 people per square mile, and buildings of this size are how that density was built. A ninety-six-unit property on a Koreatown lot is ordinary here and would be remarkable almost anywhere else in the city.
Do not price a large building off small-building comparables, and do not let anyone else do it either. The per-door figures from ten- and twenty-unit sales on your own street describe a different product with a different buyer pool.
Expect a narrower process. The right buyer for a building at this scale is found rather than attracted, and the marketing looks different from a twelve-unit listing.
The rent roll carries more weight, not less. With a buyer underwriting to a return, the accuracy of the income and the registration record is the entire negotiation. Discrepancies that a small-building buyer might absorb become priced adjustments at this size.
Every Koreatown closing in the record, with its size and per-door figure, is at the Koreatown closing record in full.
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