The Rockwell Group is pleased to announce the closing of 2335 Miramar Street, an eight unit Spanish style multifamily property in the Westlake neighborhood of Los Angeles. The asset traded at $1,065,200, or $133,150 per unit and $240.78 per square foot. The closing sets a strong basis well inside the local trailing comp average of $180,475 per unit.

Built in 1929 and composed of six singles and two one bedroom units, 2335 Miramar sits on a 6,751 square foot lot and totals 4,424 gross square feet. The building features a clay tile roof, hardwood floors, and a covered front balcony, with on site laundry facilities and parking. The property is separately metered for gas and electric. Two singles were already vacant at closing, and several in place rents were sitting well below market, giving the new ownership immediate access to renovation runway. Current cap rate at sale was 5.95% with a GRM of 9.80.

Strategically located just south of MacArthur Park, the property sits at the intersection of Koreatown, Echo Park, Silver Lake, and Downtown Los Angeles. Walk score is 92 and transit score is 75. Westlake remains one of central LA's most consistently in demand rental submarkets, and pre war Spanish multifamily continues to be one of its more finite and durable asset classes. The closing reflects how disciplined pricing on character driven Westlake assets continues to attract capital in the current cycle.

The Rockwell Group is pleased to announce the closing of 2334 Valley Street, an eight unit multifamily property in the Westlake neighborhood of Los Angeles. Previously held by long term ownership, the property traded at $857,520, or $107,190 per unit and $194.54 per square foot. The closing sets a competitive basis well inside the local comp average of $180,475 per unit.

Built in 1953 and composed entirely of one bedroom units, 2334 Valley sits on a 6,517 square foot lot and totals 4,408 gross square feet. The asset is separately metered for gas and electric, offers on site parking and laundry facilities, and presented in place rents well below market across most units. Current cap rate at sale was 5.85% with a GRM of 9.62, reflecting strong rental upside for a value add operator executing a renovation plan.

Strategically located just north of MacArthur Park, the property is positioned at the intersection of Koreatown, Echo Park, Silver Lake, and Downtown Los Angeles, with strong walkability and direct access to the Metro B and D lines. Westlake remains one of central LA's most consistently in demand rental submarkets. The deal reflects how disciplined pricing on small Westlake assets continues to attract capital in the current cycle.

In the competitive Los Angeles multifamily market, strong results come from strategic positioning, intelligent pricing, and understanding investor demand. That was the case at 233 W 88th Street, a three-unit multifamily property in South Los Angeles marketed by The Rockwell Group.

Positioned as a true value-add opportunity with below-market rents and ADU potential, the property attracted immediate investor attention at approximately $165,000 per unit. The result: 20+ offers, non-contingent status on day one, escrow within 15 days, and a final sale price of $520,000 — $25,000 above asking.

The transaction demonstrates an important reality in today’s Los Angeles investment real estate market: successful multifamily sales are not about inflating pricing expectations, but about creating strategic market positioning that drives real competition among qualified buyers.

At The Rockwell Group, the focus is simple — helping Los Angeles multifamily owners maximize value through thoughtful strategy, targeted marketing, and efficient execution.

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Wondering what your apartment building is worth in Los Angeles? Learn how commercial real estate professionals value multifamily properties using cap rate, price per unit, GRM, and real comparable sales. This guide breaks down the exact metrics and local market factors that determine property value in Los Angeles so you can confidently decide whether to sell, refinance, or hold your investment.

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