Hollywood's Multifamily Market in 2026: Coastal Compression vs. Inland Upside
Hollywood's multifamily market splits cleanly into two lanes in 2026: legacy coastal assets along Hollywood Beach trading at sub-5% cap rates with zero value-add runway, and inland properties (Young Circle, downtown Hollywood, the Hard Rock corridor) where the real upside lives. Most institutional buyers are chasing stabilized beach product for preservation capital; most value-add operators are hunting the 20-50 unit range east of I-95 but west of A1A, where you can still find properties trading at replacement cost or below with functional obsolescence you can fix in 12-18 months. That inland zone is where the kicker is right now.
The typical Hollywood multifamily buyer in 2026 breaks into three profiles: South Florida private equity groups looking for 100+ unit complexes they can reposition and syndicate, individual high-net-worth investors buying 8-24 unit walk-ups as cash-flowing holds, and 1031 exchange buyers rotating out of single-tenant retail or office into recession-resistant multifamily income. All three groups are active, and pricing reflects it. Asking prices for stabilized properties are holding in the $200K-$275K per unit range depending on vintage and proximity to the beach; value-add opportunities with deferred maintenance or below-market rents are trading closer to $150K-$180K per unit if you can find them off-market.
Where the Deals Are: Submarket Breakdown
Hollywood's multifamily inventory concentrates in four distinct submarkets, and each has its own pricing and buyer dynamics.
Hollywood Beach
The Broadwalk district and the blocks immediately west of A1A are institutional-buyer territory. These are legacy 1960s-1980s garden-style complexes and mid-rise buildings with ocean proximity premiums baked in. Cap rates compress to 4.2%-4.8% on stabilized assets, and asking prices routinely hit $250K-$300K per unit. Buyers here are chasing preservation capital, not IRR, and they're comfortable with minimal cash-on-cash returns in exchange for long-term appreciation and tenant demand stability. Value-add runway is nonexistent unless you're willing to gut-renovate units during lease turnover, which takes years in a rent-controlled submarket.
If you're hunting yield, skip the beach. If you're parking 1031 proceeds and want a trophy hold, this is where you look.
Young Circle and Downtown Hollywood
The Young Circle Arts Park district and the blocks radiating south toward Polk Street are where the value-add opportunities concentrate. This is Hollywood's urban core, walkable to restaurants, the ArtsPark, and the Tri-Rail station. Properties here tend to be smaller (12-40 units), older (1950s-1970s vintage), and functionally obsolete in ways that are fixable: outdated kitchens, inefficient layouts, deferred exterior maintenance, below-market rents locked in by long-term tenants who haven't seen a lease renewal adjustment in 3-5 years.
Asking prices in this submarket range from $160K-$220K per unit depending on condition. The kicker: you can often negotiate 10-15% below asking if the seller is an estate situation or an out-of-state owner who inherited the asset and doesn't want to manage it remotely. I have a ton of buyers right now targeting this exact profile, and the challenge is sourcing deals before they hit the MLS and get bid up by retail buyers.
Renovation budgets typically run $15K-$25K per unit (new kitchens, updated baths, fresh paint, exterior cosmetics), and rent bumps post-renovation are running $200-$350 per unit per month based on what's trading nearby. You're looking at stabilized yields in the 6.5%-7.5% range if you execute the value-add thesis correctly.
Hard Rock Corridor (Seminole Hard Rock Hotel & Casino District)
The blocks north and west of the Hard Rock complex along State Road 7 and Stirling Road are seeing the most institutional interest outside the beach. These are newer (1990s-2010s) garden-style and mid-rise complexes with professional management in place, amenity packages (pools, fitness centers, gated access), and tenant profiles skewing toward casino employees, healthcare workers at Memorial Regional, and young professionals.
Pricing here sits between the beach and downtown: $200K-$250K per unit for stabilized assets, cap rates in the 5.2%-5.8% range. These are defensive holds, not value-add plays. Buyers are typically South Florida syndicators assembling portfolios or out-of-state investors looking for turnkey multifamily with institutional comps to justify their basis.
The opportunity in this submarket is less about repositioning and more about timing: properties occasionally hit the market when a private-equity fund reaches the end of its hold period and liquidates. Those sales tend to price at or slightly below replacement cost if the seller has a deadline. Worth watching.
East of I-95, West of A1A (The Value-Add Sweet Spot)
This is the zone I spend most of my time sourcing deals: the residential blocks between Federal Highway and the Intracoastal, roughly from Sheridan Street south to Pembroke Road. Properties here are older (1960s-1980s), smaller (15-50 units), owner-operated or mom-and-pop managed, and frequently off-market because the seller hasn't decided to sell yet.
Asking prices when these do surface are all over the map depending on how motivated the seller is: I've seen everything from $140K per unit (estate sale, property needs work) to $210K per unit (fully renovated, seller thinks it's worth beach pricing because it's three blocks from the ocean). The realistic trading range is $165K-$190K per unit for assets with moderate deferred maintenance and upside potential.
The value-add thesis here mirrors Young Circle: cosmetic renovations, rent bumps, lease-up to market, and either hold long-term or flip to an institutional buyer at a stabilized 5.5% cap. The challenge is deal sourcing. Most of these properties never hit Crexi or LoopNet because the seller gets three unsolicited offers from local operators before they even think about listing it.
Who's Buying Hollywood Multifamily in 2026
The buyer pool breaks into three segments, and knowing which one you're competing against (or selling to) determines how you price and position the deal.
South Florida private equity and syndicators are chasing 75+ unit complexes they can reposition, rebrand, and either syndicate to accredited investors or flip to an institutional buyer in 3-5 years. They're bidding aggressively on anything that pencils at a 15%+ IRR with moderate leverage, and they're comfortable with bridge debt at 8-9% if the value-add story holds. These groups move fast, close in 45-60 days, and don't waste time on deals under $10M.
Individual high-net-worth investors (doctors, attorneys, business owners, successful entrepreneurs) are buying 8-30 unit properties as long-term holds. They're often cash buyers or putting 40-50% down, and they care more about cash flow stability than IRR. This group will pay a premium for turnkey assets with professional management in place, and they'll walk from anything that requires a gut renovation or major capital expenditure in year one.
1031 exchange buyers rotating out of single-tenant NNN retail, small office buildings, or industrial warehouses are the most price-insensitive segment of the market right now. They have 45 days to identify replacement property and 180 days to close, and if the asset class matches their timeline and the price is within 10% of their relinquished-property proceeds, they'll write the offer. I just closed a 22-unit property in the Young Circle district to a 1031 buyer who paid $215K per unit (above asking) because the building was stabilized, the rent roll was clean, and the closing timeline matched his exchange deadline. If you're selling a stabilized multifamily asset in Hollywood and you can accommodate a 60-day close, positioning the deal to 1031 buyers is the fastest path to a clean exit at or above asking price.
Learn more about how 1031 exchanges work and how to structure your multifamily sale to attract exchange buyers.
Pricing Dynamics: What Multifamily Is Trading At Right Now
Hollywood multifamily pricing in 2026 reflects a bifurcated market: coastal assets trade at replacement cost or above, inland assets trade at discounts to replacement cost if there's functional obsolescence or deferred maintenance.
Stabilized properties (95%+ occupied, market rents, no deferred maintenance) are pricing in these ranges by submarket:
- Hollywood Beach: $250K-$300K per unit, 4.2%-4.8% cap rates
- Hard Rock corridor: $200K-$250K per unit, 5.2%-5.8% cap rates
- Young Circle / downtown: $180K-$220K per unit, 5.8%-6.5% cap rates
- East of I-95 (non-beach): $165K-$210K per unit, 6.0%-6.8% cap rates
Value-add opportunities (below-market rents, deferred capex, functional obsolescence) are trading 15-25% below those stabilized comps, but sourcing them requires off-market relationships because they rarely survive more than 72 hours on the MLS before they're under contract.
I think the realistic bid-ask spread right now is 8-12% on listed properties and closer to 15-20% on off-market opportunities where the seller hasn't anchored to a broker's CMA yet. If you're a buyer, your edge is speed and certainty of close. If you're a seller, your edge is timing the market before interest rates move again or before a wave of new construction hits the Hard Rock corridor and pressures rents.
Use the cap rate calculator to stress-test what a property should trade at based on actual NOI and market comps.
How I Source Deals in Hollywood (and Why It Matters)
Most of the Hollywood multifamily deals I close never hit the public market. The kicker in this submarket is that the best opportunities are owned by aging landlords who bought 20-30 years ago, collected rent checks for decades, and are now thinking about estate planning or liquidity events but haven't committed to selling yet.
I source these deals through three channels:
Owner referrals. I represent landlords in Hollywood and throughout Broward County on leasing and property management, and when an owner mentions they're thinking about selling in the next 12-24 months, I'm the first call. That gives my buyers a 6-18 month head start before the property goes to market.
Off-market outreach. I run targeted campaigns to property owners in the Young Circle and east-of-I-95 submarkets, offering to provide a no-obligation market valuation and connecting them with pre-qualified buyers if the timing makes sense. Most owners don't respond, but the 5-10% who do are usually serious about transacting if the price is right.
Broker reciprocity. I work closely with other commercial brokers in Broward County (colleagues at KW Commercial, boutique firms, and institutional shops), and we share deal flow when a buyer mandate matches an off-market seller. That network is how I found the 22-unit Young Circle deal mentioned earlier, and it's how I'm sourcing most of my current inventory.
If you're a buyer looking for multifamily opportunities in Hollywood that aren't competing with 15 other bidders on Crexi, the move is to get on the off-market opportunities list so I can route you deals before they're broadly marketed.
The Value-Add Thesis: What Actually Pencils in 2026
The value-add playbook for Hollywood multifamily in 2026 is straightforward, but execution matters more than the pro forma.
Buy a 20-40 unit property in the Young Circle or east-of-I-95 submarket at $165K-$180K per unit. Budget $18K-$25K per unit for cosmetic renovations (kitchens, baths, flooring, paint, exterior touch-ups). Assume 6-9 months to stabilize occupancy and push rents to market (current market rents in these submarkets are running $1,400-$1,750 per month for renovated 1BR units and $1,800-$2,200 for 2BR units). Exit at a 5.5%-6.0% stabilized cap to an institutional buyer or hold long-term at a 7%+ cash-on-cash yield.
The numbers work if you can source the deal off-market and avoid paying the fully-marketed premium. They fall apart if you overpay on the front end or underestimate renovation costs.
The biggest execution risk right now is contractor availability and material costs. Renovation timelines that used to take 90 days are stretching to 120-150 days because subcontractors are booked solid, and material costs are sticky even though lumber and steel have cooled from their 2022 peaks. Budget conservatively, pad your contingency reserve, and assume slower lease-up than your pro forma suggests.
Hollywood Multifamily: The Competitive Landscape
Hollywood competes directly with Fort Lauderdale, Pompano Beach, and Dania Beach for the same tenant and buyer pool, and understanding the competitive dynamics helps you price deals correctly.
Compared to Fort Lauderdale, Hollywood trades at a 50-75 basis point cap rate premium (meaning lower prices per unit) because Fort Lauderdale has better walkability, a stronger downtown core, and more institutional capital chasing deals. Compared to Pompano Beach, Hollywood prices are roughly equivalent, but Pompano has newer inventory and less functional obsolescence in the value-add segment. Compared to Dania Beach, Hollywood commands a 10-15% price premium because the Hard Rock corridor and Hollywood Beach drive stronger tenant demand.
If you're a buyer choosing between submarkets, the question is whether you want liquidity (Fort Lauderdale has the deepest buyer pool) or value (Hollywood and Pompano offer better entry pricing with comparable rent growth).
For more on how Hollywood compares to the broader Broward County multifamily market, check the county-level market report.
What I'm Seeing Right Now (March 2026)
I have three active buyer mandates for Hollywood multifamily right now: one syndicator looking for 75+ unit complexes in the Hard Rock corridor at sub-6% cap rates, one 1031 buyer looking for a stabilized 15-25 unit property anywhere east of I-95 with a 60-day close, and one high-net-worth individual looking for an 8-12 unit walk-up in Young Circle or downtown Hollywood that cash flows Day 1 with minimal capex.
On the sell side, I'm preparing two off-market pitches: a 28-unit property two blocks north of Young Circle (1970s vintage, 60% renovated, seller wants $5.8M or best offer) and a 16-unit walk-up near Hollywood Beach (fully stabilized, seller is an estate situation and will likely accept 8-10% below the initial ask if we move fast).
The kicker: both of those deals will likely close before they ever see Crexi, LoopNet, or the MLS. That's how Hollywood multifamily works in 2026. The best opportunities move through broker networks and private buyer lists, not public portals.
If you're looking for multifamily opportunities in Hollywood or anywhere in Broward County, the move is to get on the off-market list now so you're seeing deals 30-60 days before the retail market does. Sign up here or reach out directly and let's talk about what you're looking for.
Anthony Conners is a Florida licensed real estate sales associate (license SL3334618) with Atlantic Commercial Advisors, affiliated with KW Commercial and based in Boca Raton. He represents buyers and sellers of multifamily, retail, industrial, hospitality and net lease property across Palm Beach, Broward and Miami-Dade counties. About Anthony · Track record
