Arlington Heights
Arlington Heights is an established Central Los Angeles neighborhood characterized by a mix of smaller multifamily properties, vintage apartment buildings and lower-density residential housing. Its central location provides convenient access to Koreatown, Mid-Wilshire, West Adams, Downtown Los Angeles and other nearby employment and commercial centers. Major surface streets and transit routes connect residents to destinations throughout the region, while neighborhood-serving retail and services support the area’s residential base. For multifamily owners and investors, property condition, existing tenancy, lot characteristics, development potential and proximity to major corridors can all influence individual asset performance and long-term value.
MARKET OVERVIEW
Source: CoStar | Arlington Heights Multifamily | 2025
Units Sold
212
Rent Growth (YoY)
0.7%
Average Cap Rate
6.0%
Vacancy Rate
4.4%
Average Price Per Unit
$198,137
Average Rent
$1,844
Average Sale Price
$2.2M
Total Transactions
18
EMPLOYMENT DRIVERS
Arlington Heights benefits from its central location and access to employment centers throughout Koreatown, Mid-Wilshire, Downtown Los Angeles and the USC area. Residents can reach jobs in education, healthcare, government, professional services, retail and hospitality, while businesses along Pico, Washington and nearby commercial corridors contribute to local employment. Connections to major surface streets and public transportation further expand access to employment opportunities throughout Central and West Los Angeles.
TENANT PROFILE
Arlington Heights has a predominantly renter-oriented population that includes working professionals, families, multigenerational households and long-term residents. The neighborhood’s central location and access to employment centers, public transportation and everyday services contribute to its appeal among renters. Its combination of smaller apartment properties, vintage multifamily buildings and lower-density housing accommodates a range of household types, while the area’s established residential character supports continued demand for rental housing.