Looking for a Century City multifamily broker? Michael Sterman, Senior Managing Director Investments at Marcus & Millichap and founder of the Sterman Multifamily Group, has closed $1.46B across 259 Los Angeles apartment building transactions over 14 years — including 1 in Century City alone. If you own an apartment building in Century City and are weighing a sale, this is the team that prices it against Century City's real buyer pool and rules — not a generic LA average.
Century City Multifamily Market Snapshot
1
Sterman closings in Century City
16
Units sold here
2014
Most recent closing
The one building I have closed in Century City — 16 units, in 2014 — traded at $495K per unit, a figure that reflects the district's luxury Westside position, not a citywide or even Westside-wide average. Century City's residential stock skews toward high-rise construction built well after the era that typically triggers LA City RSO coverage, which changes the regulatory conversation for many buildings here relative to older Westside submarkets.
What Is My Century City Apartment Building Worth?
Value in Century City turns on vintage, rent-control status, your in-place rents versus market, and which buyer pool fits your building — not a single neighborhood average. Michael underwrites your specific Century City building the way a real buyer will, then tells you what it should bring and how to get there. No obligation.
Given the scarcity of multifamily transactions, the buyer pool here leans toward well-capitalized private investors and family offices comfortable with a thin comparable set and Westside luxury pricing, rather than institutional value-add funds running a repeatable playbook. A Century City sale is closer to a bespoke transaction than a comp-driven listing process.
Recent Century City Multifamily Sales
A sample of Century City apartment buildings Michael Sterman has closed. Each links to the full deal record.
Frequently Asked Questions About Selling Multifamily in Century City
Who is the best multifamily broker in Century City?
There's no single citywide answer — the best multifamily broker for your Century City building is the one who has closed comparable buildings in Century City recently and can prove it. Michael Sterman has closed 1 multifamily building in Century City, 16 units, as part of $1.46B across 259 LA transactions overall. Verify any broker's track record with the five tests in "How to Choose the Best Multifamily Broker in Los Angeles."
Does LA rent control apply to Century City apartment buildings?
It depends on the specific building's construction date. Much of Century City's residential stock was built after 1978 as part of the district's 1960s-onward development, which would make it Costa-Hawkins exempt rather than RSO-covered — but confirm your specific building rather than assuming.
What do apartment buildings sell for in Century City?
The one Sterman Multifamily Group closing in Century City (2014, 16 units) traded at $495K per unit — high-value pricing consistent with the district's luxury Westside position.
Is the new Metro line actually coming to Century City?
Yes — the D Line (Purple Line) extension's Century City/Constellation station is under construction as part of a funded project extending through Miracle Mile, Beverly Hills, Century City, and Westwood, expected to open in 2027.
Does the 2026 LA City RSO rewrite affect Century City apartment buildings?
It depends heavily on the specific building's construction date. Century City is within the City of Los Angeles, so pre-1978 buildings are typically covered by LA City RSO — including the rewrite effective July 1, 2026 — but much of Century City's residential stock was built well after 1978 as part of the district's 1960s-onward development, which would make it Costa-Hawkins exempt instead. Confirm your specific building's construction date.
Meet Your Century City Multifamily Expert
Michael Sterman has spent 14 years specializing exclusively in Los Angeles multifamily, closing 259 transactions worth $1.46B. He knows how Century City buildings are valued, who buys them, and what it takes to get a clean deal closed here. CA DRE License #01911703.
What Owners Say About Working With Michael
★★★★★
“I highly recommend Michael Sterman and his group. I just closed escrow on a 36 unit MF which Michael obtained the buyer. Michael handled the sale and escrow process extremely professionally. I have been a MF real estate broker myself for 45 years; I know who is a pro and who is not.”
Robert Corry
Verified Google review
★★★★★
“In Los Angeles multifamily, there's a huge gap between agents who talk about deals and agents who actually understand how they work. Michael Sterman is firmly in the second camp. What sets them apart isn't just market knowledge—it's judgment. They understand rent control realities, tenant issues, expense creep, cap-ex tradeoffs, and how underwriting changes block by block in LA. They're responsive, direct, and strategic—no fluff, no wasted time. If you're serious about buying or selling multifamily in Los Angeles, you want someone like Sterman on your side.”
Michael Maltzman
Verified Google review
★★★★★
“I've worked with Michael Sterman on multiple transactions and couldn't recommend him more highly. He has sold three properties to me and has also sold a property for me. He's professional, responsive, and gets deals done efficiently. A true pro.”