1047 N Stanley Ave, West Hollywood — 10-Unit Multifamily, $3.1M (Jun 2018)

Updated April 28, 2026

Units: 10 · Sale price: $3,075,000 · Price per unit: $307,500 · Closed: June 2018

A 10-unit mid-size multifamily property at 1047 N Stanley Ave in West Hollywood, sold June 2018 for $3,075,000 — approximately $307,500 per unit.

2018 LA multifamily was at or near cyclical peak pricing. Institutional capital remained active across asset classes. Transaction volume was high.

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 $307,500 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: 851 N Hayworth Ave (8 units, $3,675,000).

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.