107 N Kings Rd, Fairfax — 3-Unit Multifamily, $2.4M (Feb 2022)
Updated April 28, 2026
Units: 3 · Sale price: $2,365,026 · Price per unit: $788,342 · Closed: February 2022
A 3-unit small multifamily property at 107 N Kings Rd in Fairfax, sold February 2022 for $2,365,026 — approximately $788,342 per unit.
2022 LA multifamily held at peak pricing through mid-year, then began the rate-driven repricing that would define 2023.
Multifamily property in the Sterman Multifamily Group transaction archive.
Small multifamily properties in this range trade primarily among private investors, family offices, and 1031 exchangers.
Set against the rest of the Fairfax record, this is the smallest of the 5 Fairfax apartment buildings Michael Sterman has closed.
At $788,342 a unit it sits above the Fairfax median of $425,000, which is the ordinary pattern for a building of this size: at 3 units it is smaller than the median Fairfax closing at 4, and smaller buildings carry higher per-door pricing.
Other Fairfax closings the same year: 530 N Spaulding Ave (4 units, $3,250,000).
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Related
- Selling Multifamily Property in Fairfax
- 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
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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