Los Angeles has a housing shortage. Rents remain expensive. Homeownership is out of reach for many households. City and state leaders continue pushing for more housing. There is just one problem. Some developers say the numbers no longer make sense. Multifamily property values in Los Angeles County have fallen dramatically. The average sale price per apartment unit dropped from $397,289 in 2022 to $280,591 in 2026, according to Kidder Mathews data reported by the Los Angeles Times. That is nearly…
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Los Angeles Needs Apartments. Developers Say They Can’t Afford to Build Them.
Los Angeles has a housing shortage. Rents remain expensive. Homeownership is out of reach for many households. City and state leaders continue pushing for more housing.
