1046 N Ogden Dr, West Hollywood — 10-Unit Multifamily, $2.7M (Dec 2025)

Updated April 28, 2026

Units: 10 · Sale price: $2,725,000 · Price per unit: $272,500 · Closed: December 2025

A 10-unit mid-size multifamily property at 1046 N Ogden Dr in West Hollywood, sold December 2025 for $2,725,000 — approximately $272,500 per unit.

2025 LA multifamily transaction volume hit $6.5 to $7.9 billion across 557 deals. Institutional buyers returned in force; pricing stabilized in most submarkets.

West Hollywood has its own rent stabilization ordinance distinct from LA City RSO, and a buyer pool that treats the submarket as a premium Westside-adjacent hold.

Mid-size multifamily in this unit range attracts both private investors and smaller institutional buyers, particularly on value-add theses.

Set against the rest of the West Hollywood record, this is the 6th largest of the 21 West Hollywood apartment buildings Michael Sterman has closed.

At $272,500 a unit it sits below the West Hollywood median of $354,286 — which is what size does to a per-unit number. This building is larger than the median West Hollywood closing at 8 units, and per-door pricing falls as unit count rises almost everywhere in Los Angeles. A citywide average per unit is not information; the comparable set has to match the building's size.

Other West Hollywood closings the same year: 527 N Orlando Ave (6 units, $1,900,000), 6216 Orange St (5 units, $1,625,000).

This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.

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Related

• Selling Multifamily Property in West Hollywood
• West Hollywood: the neighborhood, its buildings and what they sell for
• How to Sell a Multifamily Property in Los Angeles
• Request a free evaluation of your building
• Verify this sale independently — search public records and coverage for this transaction yourself

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Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.