Does LA rent control apply to Century City apartment buildings?

It depends on the specific building's construction date. Much of Century City's residential stock was built after 1978 as part of the district's 1960s-onward development, which would make it Costa-Hawkins exempt rather than RSO-covered — but confirm your specific building rather than assuming.

What do apartment buildings sell for in Century City?

The one Sterman Multifamily Group closing in Century City (2014, 16 units) traded at $495K per unit — high-value pricing consistent with the district's luxury Westside position.

Is the new Metro line actually coming to Century City?

Yes — the D Line (Purple Line) extension's Century City/Constellation station is under construction as part of a funded project extending through Miracle Mile, Beverly Hills, Century City, and Westwood, expected to open in 2027.

Century City Apartment Buildings

Century City is not a high-volume multifamily submarket, and that scarcity is the story. Built on the former 20th Century Fox studio backlot starting in 1963, it is one of LA's most prominent commercial and luxury-residential districts — dense, high-rise, and expensive — but genuinely thin on multifamily transaction volume compared to Koreatown or Hollywood.

Selling an apartment building here? Century City multifamily broker — Michael Sterman's record, comparables and process →

Jurisdiction

LA City

Rent control regime

LA City RSO (pre-1978) + Costa-Hawkins (post-1995)

Sterman closings here

1 transaction

Typical sale

With tenants in place

Century City apartment building sales — the closed record

Buildings closed	1
Units	16
Total volume	$7.9 million
Price per unit	$495K

One closing is a real price at a real address, not a comp set. Pricing a Century City building should draw on the adjacent submarkets too — the full record is in the Sterman Transaction Index.

Every Century City building in the record

Address	Units	Price	Closed
1835 Holmby Avenue	16	$7,920,000	2014-04

Selling guide

Michael's Take

Century City is a different kind of Westside asset than Santa Monica or West LA — smaller multifamily footprint, dominated by high-rise commercial and luxury residential, and genuinely scarce multifamily transaction volume. The one building I've closed here, in 2014, traded at $495K per unit — high-value, low-volume, exactly what you'd expect from a submarket this dense and this expensive.

— Michael Sterman, Senior Managing Director Investments, Marcus & Millichap

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Century City Apartment Buildings

Century City apartment building sales — the closed record

Every Century City building in the record

Selling an apartment building in Century City

Living in Century City

Sterman closings in Century City

Questions about selling in Century City

Thinking about selling in Century City?

Century City apartment building sales — the closed record

Every Century City building in the record

Selling an apartment building in Century City

Living in Century City

Sterman closings in Century City

Questions about selling in Century City

Common seller questions

Other LA submarkets

Alhambra

Arleta

Atwater Village

Baldwin Hills

Beverly Hills

Beverlywood

Boyle Heights

Brentwood

Burbank

Canoga Park

Chatsworth

Culver City

Thinking about selling in Century City?