11840 Kittridge St, North Hollywood — 46-Unit Multifamily, $8.6M (Jul 2016)

Updated April 28, 2026

Units: 46 · Sale price: $8,575,000 · Price per unit: $186,413 · Closed: July 2016

A 46-unit larger multifamily property at 11840 Kittridge St in North Hollywood, sold July 2016 for $8,575,000 — approximately $186,413 per unit.

2016 was mid-cycle for LA multifamily. Pricing had firmed meaningfully from post-2008 lows. Strong bid across stabilized inventory.

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

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

At $186,413 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.

Other North Hollywood closings the same year: 5237 Willowcrest Ave (5 units, $2,450,000).

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 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.