Los Feliz
Los Feliz is an established Central Los Angeles neighborhood combining hillside residential areas with active commercial corridors and a diverse multifamily housing stock. Its location provides convenient access to Hollywood, Silver Lake and other major areas of Central Los Angeles, while nearby Griffith Park, neighborhood dining and retail, and transit access contribute to its appeal among renters. The area includes everything from smaller vintage apartment buildings to larger multifamily properties, creating opportunities across a range of investment strategies. For multifamily owners and investors, location, property condition, existing tenancy and proximity to neighborhood amenities can all play an important role in individual asset performance and long-term value.
MARKET OVERVIEW
Source: CoStar | Los Feliz Multifamily | 2025
Units Sold
331
Rent Growth (YoY)
0.5%
Average Cap Rate
5.9%
Vacancy Rate
2.7%
Average Price Per Unit
$278,219
Average Rent
$2,399
Average Sale Price
$4.2M
Total Transactions
22
EMPLOYMENT DRIVERS
Los Feliz benefits from convenient access to major employment centers throughout Hollywood, East Hollywood, Downtown Los Angeles and Glendale. Entertainment and media, healthcare, professional services and neighborhood retail and dining contribute to the surrounding employment base, while the area's central location provides residents with access to a broad range of jobs throughout Greater Los Angeles.
TENANT PROFILE
Los Feliz has a predominantly renter-oriented population, attracting professionals, singles, couples and smaller households drawn to its central location, established residential character and access to neighborhood amenities. The area's mix of apartments, walkable commercial corridors and proximity to Griffith Park contribute to consistent renter appeal across a variety of multifamily property types.