As we close out Q1 2026, the Westside LA rental market continues to show resilience and opportunity. Here's what we're seeing across our portfolio and the broader market.
Rental Demand Remains Strong
Vacancy rates across Venice, Santa Monica, and Mar Vista remain well below the citywide average. Units in walkable, transit-adjacent neighborhoods are leasing faster than ever — often within days of listing. The continued influx of tech and entertainment industry professionals to the Westside is a key driver.
Pricing Trends
Average asking rents for 1-bedroom apartments on the Westside have increased approximately 3-4% year-over-year. Two-bedroom units in Venice and Santa Monica are seeing even stronger growth, with premium units commanding $3,500–$4,200/month depending on amenities and proximity to the beach.
What Investors Should Watch
- ADU development: Accessory Dwelling Units continue to gain traction as the city streamlines permitting. This represents a meaningful value-add opportunity for existing property owners.
- Insurance costs: Property insurance premiums have risen 15-25% across coastal LA. Investors should factor this into their underwriting.
- Rent control updates: The city is considering adjustments to the allowable annual rent increase for RSO units. Stay tuned for updates from LA Housing Department.
- Interest rates: With rates stabilizing in the mid-6% range for investment properties, acquisition activity is picking up compared to the slowdown of 2024.
Our Outlook
We remain bullish on Westside multifamily. The combination of constrained supply, strong demand, and quality-of-life advantages makes this one of the most compelling markets in the country. We're actively seeking acquisitions in the 5–30 unit range across our core neighborhoods.
Have questions about the market or interested in discussing investment opportunities? Get in touch with our team.