Issue · August 2026 · Los Angeles Multifamily & Land
County sales data shows 133 City of LA multifamily transactions (5+ units) since June 2026, totaling roughly $360M in volume at a $190K median price per unit. Pace has cooled from June to July — transactions down 10% and volume down 43% — while $/unit actually rose 12%, a sign that smaller, higher-quality deals are clearing while marginal ones sit.
Nationally, more than $160B in multifamily loans mature in 2026, up 50% year-over-year. One client recently chose to sell rather than refinance after facing a roughly $1M cash-in requirement to hit today's underwriting — a scenario playing out across the county as legacy low-rate debt comes due.
The LA City Council has also split its Housing and Homelessness Committee. Imelda Padilla now chairs Housing — a welcome change, as she has shown willingness to meet with property owners directly.
