The Reonomy platform helps you search off-market for apartment buildings and other properties in any market nationwide, then get in contact with the owner directly to strike a deal or easily win new business.
When it comes to investing in real estate, apartment buildings are among the top choices for investors.
This is because the property is multi family in nature and can be anywhere from low budget to high budget, low-rise to high-rise, while allowing the investors to choose how involved they want to be in the process.
Such a multi family investment can be either short or long term, but can still turn a good profit for investors due to frequent turnaround and a high volume of residents.
How to Find Apartment Buildings for Sale in Los Angeles
In Los Angeles, the apartment market can be especially niche. If you find the right apartment building to invest in, however, the city can be incredibly rewarding.
Knowing which online platforms to use when searching for apartment buildings in Los Angeles will put you a step ahead in your search, and a step ahead of your competitors.
You can even go off-market to find your ideal property before anyone else even knows about it.
Below, we’ll show you the best on and off-market search platforms to use when looking for Los Angeles apartment buildings for sale.
Commercial and Residential Real Estate Listings
There are a variety of different search engines when it comes to finding commercial real estate. The first place you might turn to are commercial real estate listings.
The best listings platforms to find apartments for sale in Los Angeles are Showcase, MW Realty, Apartmentbuildings.com, Trovit, Realtor.com, CityFeet, and Zillow.
Showcase features commercial real estate in many big cities across the United States.
Specific to Los Angeles, Showcase has over 1,400,000 different multi family housing units to choose from. Investors and other real estate professionals can narrow down their search by filters like price, location, size, and type of apartment building.
A plus of using Showcase for your apartment searching is that each of their listings goes through a verification process by one of the industry’s largest research organizations.
MW Realty is unique in that it has its roots in Downtown Los Angeles. Because the company began in Los Angeles, it is an excellent resource when it comes to finding great apartment buildings in the area.
They also provides full service property management and brokerage, which can help make your job easier in the long run.
MW is a private real estate firm that offers its clients an analytical edge in their real estate search with things like financial analysis and property management strategies.
Investors looking for a concise search that will result in a wise investment should definitely include MW Realty at the top of their listings platforms list.
ApartmentBuildings.com features only properties that are currently on-market.
The website does require that you become a member in order to make a search, but they do have nearly 200 apartment buildings to choose from in the Los Angeles area.
Apartmentbuildings.com is currently only featuring real estate in California, Arizona, Texas, New York, and Florida so it is a search engine for very specific criteria and needs.
Trovit is an all-encompassing searching platform and features not only real estate, but also cars and jobs.
The site features over 140,000 homes and apartment buildings for sale in Los Angeles alone. Investors can search using filters like building type, price, amenities, square footage, and more.
Realtor.com is operated by Move, Inc. and is many real estate professionals first stop when it comes to searching for new property to invest in.
This is because Realtor.com has earned itself a reputation of offering a comprehensive list of for-sale properties, along with other information and tools to make real estate searches easier and more accurate to your specific needs.
Currently, Realtor.com has over 2,700 multi family and apartment buildings in Los Angeles.
With over 200 online partners, CityFeet is among the top real estate listings sites. CityFeet connects real estate industry professionals in a way that makes searching for real estate easy.
CityFeet features multiple filters for your search, as well. This gives you the ability to specify which type of building you’re interested in and other important factors like location and price. CityFeet only features property that is currently on-market.
Zillow is unique because it follows the entire process of buying a home. This includes buying, selling, renting, remodeling, and even financing.
The database features over 110 million homes for sale or rent, both on-market and off-market.
Zillow also watches the market and posts Zestimates for the value of a house along with other relevant market information. This allows you to be as informed as possible about the type of neighborhood and the other surrounding factors when it comes to investing in real estate in Los Angeles.
For Sale by Owner Listings
For sale by owner listings are another excellent way of finding apartments for sale in Los Angeles.
Investing in or buying an apartment that’s for sale by owner allows you to communicate and work directly with the owner instead of paying high broker fees that often are a part of purchasing real estate.
Searching for buildings that are for sale by owner is best done by using online listings platforms that help consolidate all of the listings into one concise, searchable database.
The top sites featuring for sale by owner buildings are Rex Homes, Apartment Owners.com, FSBO, and Buildings by Owner.
Apartment-Owners.com specializes in the Los Angeles area, which makes it the perfect place to begin your search for apartments for sale by owner in Los Angeles.
Apartment-Owners even personally visits each property to ensure that what they’re listing on their website is accurate and up to date. The website includes both on and off-market housing.
FSBO, which stands for “For Sale by Owner,” is a listings platform that exclusively features homes that are for sale by owner in the United States.
The platform has an interactive map which makes choosing a neighborhood to look at is very easy. FSBO also has multiple filters like the apartment size and price and if you already know a listing’s ID number, you can also use that to search.
Buildings by Owner
Similar to FSBO, Buildings by Owner is also exclusive to real estate that is for sale by owner.
There are properties for sale and for lease, as well as a variety of property types like commercial, residential, office, and multi family. There are filters to choose from in order to narrow down your search by location, property type, price, and size.
How to Search Different Platforms for Apartment Buildings in Los Angeles
Making a search for an apartment building for sale in Los Angeles can be a bit tricky when it comes to looking for something specific.
Below, we’ll show you how to search for a 4-unit apartment building on Zillow and a 30-40 unit apartment building on Reonomy.
4-Unit Apartment Building Search on Zillow
The first step when searching for a Los Angeles-based 4-unit apartment building on Zillow is to specify the location.
You can do this by typing in Los Angeles in the search bar. This will take you to a results page with filters to choose from, an interactive map, and a few of the top listings in the area.
First, be sure to specify that you are looking for a 4-unit apartment building. In order to do that, simply click into the “more” option at the top and scroll to the very bottom where it asks for keywords.
The keywords to use in this case are “4-unit apartment building.” This will bring up a results page showing only apartment buildings with 4-units in Los Angeles.
Of course, there are other filters that you can add on to your search that will meet your specific needs as well. These filters can be added by using the top filter bar and making your selections.
30-40 Unit Apartment Building Search on Reonomy
To take your search off-market, you can use the Reonomy platform.
Once you’ve signed up for Reonomy, your property search is completely wide open. You can dive into the Los Angeles real estate market on a number of different levels.
For example, let’s say you’re looking for a 30-40 unit apartment building in Los Angeles.
You can search the entire MSA of Los Angeles, the county of Los Angeles, the city of Los Angeles, or a specific neighborhood, zip code, or street name within LA.
Start by entering the Location tab and entering the geography you’d like to search within. Here, we search within the MSA of Los Angeles, which has over 700,000 commercial properties in total.
With a location in place, visit the Asset Type tab to add the relevant “Multi Family (General)” filter. Here you can also add filters for any other property type you’d like to see, including many other sub-classes of multi family.
Next, you can visit the Building & Lot tab to add the number of units, along with any other building specifications you prefer, including the size of the building, and whether or not it’s in an Opportunity Zone.
Searching for multi family properties with 30-40 units still leaves us with more than 3,000 properties in Los Angeles.
At this point, it’s important to consider the fact that Reonomy is not a listings platform, but an off-market search discovery platform.
How do you identify the properties amongst the lot that are likely to sell? With sales history filters.
In the Sales tab, you can add filters for:
- Most recent sale date
- Most recent sale price
- Sale price per square foot
- Multi-parcel/property sales
By adding a filter for properties that haven’t sold in the last 7-10 years, you can quickly find owners that are likely to field offers.
Filtering for apartment buildings that haven’t sold in the last 10 years still leaves you with nearly 1,500 properties in the Los Angeles area.
There, it’s very simple to get the contact information for property owners to reach out to owners directly, and efficiently, make your pitch, and win new business.
In a lot of cases, while Reonomy will get you the most depth and breadth of search and connect you with owners, it can sometimes be best to mix and match a combination of free and paid sources to make sure you’re covering all of your bases.