Palms is the LA submarket most sellers underwrite wrong. It sits geographically on the Westside — tucked between West LA and Culver City — but regulatorily it is LA City, with the full weight of the Rent Stabilization Ordinance applying to most of its inventory.
Selling an apartment building here? Palms multifamily broker — Michael Sterman's record, comparables and process →
| Buildings closed | 13 |
| Units | 337 |
| Total volume | $97.7 million |
| Median price per unit | $297K |
| Range | $237K – $424K |
Median and range are drawn from the 13 Palms buildings in the Sterman Transaction Index — Michael Sterman's own closed book, not a market-wide estimate. Per-unit pricing tracks building size as much as location, so compare against buildings of similar unit count rather than against the submarket average.
| Address | Units | Price | Closed |
|---|---|---|---|
| 3121 S Canfield Ave | 9 | $2,135,000 | 2026-04 |
| 10915-10921 Rose Ave | 20 | $4,975,000 | 2024-05 |
| 10751 Rose Ave | 118 | $31,700,000 | 2022-12 |
| 3701 Westwood Blvd | 7 | $2,700,000 | 2020-10 |
| 3720 Midvale Ave | 7 | $2,300,000 | 2020-08 |
| 3701 Westwood Blvd | 7 | $2,800,000 | 2020-03 |
| 3750 Jasmine Ave | 40 | $10,300,000 | 2019-08 |
| 3327 Livonia Ave | 18 | $7,000,000 | 2019-03 |
| 10829 Palms Blvd | 17 | $7,200,000 | 2018-01 |
| 1946-1954 South Bedford St | 32 | $9,500,000 | 2016-12 |
| 2020 Preuss Rd | 20 | $6,025,000 | 2016-10 |
| 3200 Cheviot Vista Pl | 24 | $6,325,000 | 2016-10 |
| 3649 Midvale Ave | 18 | $4,750,000 | 2015-12 |
Palms is dense, walkable, and demographically attractive. Proximity to Sony Pictures, Culver City's tech employers, and the Expo Line keeps tenant demand structurally high. The submarket's pre-1978 inventory is among the...
Read the full seller's guide →Living in townPalms is a dense Westside LA neighborhood between Culver City and Mar Vista, characterized by 1960s-era multifamily inventory at scale and proximity to the Expo Line.
See the full neighborhood profile →Closings14 Sterman Multifamily Group closings in Palms. See the full transaction record.
See all 14 Palms closings →FAQ4 common questions about selling an apartment building in Palms — answered.
Read the full FAQ →Palms is the dense mid-Westside multifamily market. Inventory is overwhelmingly pre-1978 apartment stock. The Expo Line is a specific pricing input for buildings within walking distance of stations.
Michael Sterman will walk through comparables, buyer pool, and timing specific to your building — no obligation, no pitch.
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