10829 Palms Blvd, Palms — 17-Unit Multifamily, $7.2M (Jan 2018)

Updated April 28, 2026

Units: 17 · Sale price: $7,200,000 · Price per unit: $423,529 · Closed: January 2018

A 17-unit mid-size multifamily property at 10829 Palms Blvd in Palms, sold January 2018 for $7,200,000 — approximately $423,529 per unit.

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

Palms sits between LA's Westside and its mid-city core — Westside-adjacent demand with LA City RSO regulatory exposure on a predominantly pre-1978 inventory.

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 Palms record, this is the 9th largest of the 13 Palms apartment buildings Michael Sterman has closed.

At $423,529 a unit it sits above the Palms median of $296,875, which is the ordinary pattern for a building of this size: at 17 units it is smaller than the median Palms closing at 18, and smaller buildings carry higher per-door pricing.

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 Palms
• Palms: 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.