East Hollywood
East Hollywood is a centrally located Los Angeles multifamily market positioned between Hollywood, Los Feliz, Silver Lake and Koreatown. The neighborhood features a diverse mix of apartment properties and benefits from convenient access to major employment, entertainment and commercial centers throughout Central Los Angeles. Its transit accessibility, established residential character and proximity to surrounding neighborhoods support a broad renter base. For multifamily owners and investors, East Hollywood offers a range of opportunities, with property condition, existing tenancy, location, development activity and proximity to major commercial corridors all playing an important role in individual asset performance and long-term value.
MARKET OVERVIEW
Source: CoStar | East Hollywood Multifamily | 2025
Units Delivered
394
Rent Growth (YoY)
0.5%
Average Cap Rate
5.6%
Vacancy Rate
5.3%
Average Price Per Unit
$271,741
Average Rent
$2,032
Absorption Rate
0.6%
Total Transactions
39
DEVELOPMENT PIPELINE
East Hollywood has 233 units currently under construction, a significant reduction from recent development levels. Only 98 units began construction in 2025, and CoStar reports that no new projects had started during 2026 as of the report date.
This follows an unusually large wave of supply, including the recently completed 735-unit development at 5420 W. Sunset Boulevard, developed by American Commercial Equities.
The largest current project is Voltaire Villas (72 units), while the largest proposed project is a 251-unit development at 1350 N. Western Avenue associated with The Georgetown Company.
TENANT PROFILE
East Hollywood proper has a large immigrant and younger renter population and comparatively lower household incomes. Its relative affordability and central location also attract young professionals.