Transaction activity is up double digits for the year, Inglewood is recovering, and notices of default are quietly climbing in the background.
County sales data shows Los Angeles multifamily transaction volume up 22% year-to-date against the prior year — a meaningful rebound after two soft years, even as underlying distress indicators continue to build in the background.
Notices of default rose 175% year-over-year, a sign that pressure from higher-rate refinances and thinner rent growth is starting to show up in the data, even while sales activity itself is picking up.
The Rent Stabilization Ordinance cap remains fixed at 3% this cycle. Meanwhile the Tenant Opportunity to Purchase Act (TCOPA) continues to move forward for unincorporated LA County, and AB 628 is advancing alongside it.
On the operating side, waste hauling rate increases are hitting owners across the board — a smaller line item than debt service, but one worth underwriting accurately going into next year's budgets.
Inglewood pricing has traced a clear U-shape through the cycle — a dip followed by a Q2 2026 recovery back to roughly $260K per unit. It's one of the clearer signs that buyer appetite is returning to South Bay-adjacent submarkets specifically, not just the county as a whole.
A fresh Reonomy pull across South LA, Inglewood, and South Bay ownership records is informing this cycle's outreach — surfacing owners with hold periods, loan maturities, and equity positions that line up with today's market.
Buyers and sellers active in these submarkets: this is a good moment to talk through timing.
One email a month, straight to your inbox. Built for owners, buyers, and anyone tracking multifamily fundamentals across Los Angeles.
No spam, unsubscribe anytime.