Mid-Wilshire
Mid-Wilshire is a centrally located Los Angeles multifamily market characterized by established residential neighborhoods, major commercial corridors and a diverse mix of apartment properties. The area includes older multifamily housing alongside newer residential and mixed-use development, creating opportunities across a range of property types and investment strategies. Its location provides convenient access to major employment, retail, cultural and entertainment destinations throughout Central and West Los Angeles. For multifamily owners and investors, proximity to transit and commercial corridors, property condition, existing tenancy and surrounding development activity can all play an important role in individual asset performance and long-term value.
MARKET OVERVIEW
Source: CoStar | Mid-Wilshire Multifamily | 2025
Units Delivered
116
Rent Growth (YoY)
-0.8%
Average Cap Rate
5.6%
Vacancy Rate
6.2%
Average Price Per Unit
$313,432
Average Rent
$2,848
Absorption Rate
0.6%
Total Transactions
75
DEVELOPMENT PIPELINE
Mid-Wilshire has 856 units currently under construction, equal to roughly 2.1% of existing inventory. CoStar characterizes development as active but measured, with high land costs, zoning constraints and limited infill opportunities restricting large-scale construction.
The largest active project is The Daphne, a Holland Partner Group development with 311 market-rate units and 82,500 SF of retail across from The Grove. Wiseman Residential also has a 125-unit project underway on Pico Boulevard.
TENANT PROFILE
Mid-Wilshire has a comparatively affluent renter base attracted to its central location, established neighborhoods, amenities and proximity to employment centers. The report also notes that high single-family home values keep some higher-income households in the rental market longer.