11116 Aqua Vista St, Studio City — 39-Unit Multifamily, $8.1M (Mar 2015)
Updated April 28, 2026
Units: 39 · Sale price: $8,050,000 · Price per unit: $206,410 · Closed: March 2015
A 39-unit larger multifamily property at 11116 Aqua Vista St in Studio City, sold March 2015 for $8,050,000 — approximately $206,410 per unit.
By 2015, LA multifamily transaction volume had returned to pre-2008 levels. Institutional and 1031 capital were both active across the full range of submarkets.
Studio City is Valley floor LA City multifamily, mixed building ages, stable buyer pool.
Larger multifamily at this scale draws institutional and private equity capital with deeper underwriting processes and longer hold horizons.
Set against the rest of the Studio City record, this is the largest of the 3 Studio City apartment buildings Michael Sterman has closed.
At $206,410 a unit it sits below the Studio City median of $322,857 — which is what size does to a per-unit number. This building is larger than the median Studio City closing at 7 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 Studio City closings the same year: 12849 Bloomfield Street (5 units, $1,800,000).
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Related
- Selling Multifamily Property in Studio City
- 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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