1134 North Sycamore Avenue, Hollywood — 75-Unit Multifamily, $14M (Jun 2013)

Updated April 28, 2026

Units: 75 · Sale price: $14,000,000 · Price per unit: $186,666 · Closed: June 2013

A 75-unit larger multifamily property at 1134 North Sycamore Avenue in Hollywood, sold June 2013 for $14,000,000 — approximately $186,666 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.

Hollywood is one of the most-demanded mid-city LA submarkets, with deep institutional interest and a predominantly pre-1978 building mix that now falls under the revised LA City RSO.

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 Hollywood record, this is the largest of the 24 Hollywood apartment buildings Michael Sterman has closed.

At $186,667 a unit it sits below the Hollywood median of $282,589 — which is what size does to a per-unit number. This building is larger than the median Hollywood closing at 19 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 Hollywood closings the same year: 5455 Lemon Grove Avenue (16 units, $3,200,000).

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 Hollywood
• 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.