11307 Morrison St, North Hollywood — 29-Unit Multifamily, $6.5M (Dec 2013)

Updated April 28, 2026

Units: 29 · Sale price: $6,520,000 · Price per unit: $224,827 · Closed: December 2013

A 29-unit mid-size multifamily property at 11307 Morrison St in North Hollywood, sold December 2013 for $6,520,000 — approximately $224,827 per unit.

2013 was early in the sustained LA multifamily expansion that would run through 2022. Transaction activity was climbing; buyer pool was broadening quarter over quarter.

North Hollywood has seen elevated new construction activity in recent years, creating a mixed age profile that buyers underwrite carefully by vintage.

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 North Hollywood record, this is the 3rd largest of the 11 North Hollywood apartment buildings Michael Sterman has closed.

At $224,828 a unit it sits below the North Hollywood median of $271,429 — which is what size does to a per-unit number. This building is larger than the median North Hollywood closing at 14 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.

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 North Hollywood
• North 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.