1216-1218 Poinsettia Dr, West Hollywood — 2-Unit Multifamily, $1.1M (Sep 2026)

Updated April 28, 2026

Units: 2 · Sale price: $1,075,000 · Price per unit: $537,500 · Closed: September 2026

A 2-unit small multifamily property at 1216-1218 Poinsettia Dr in West Hollywood, sold September 2026 for $1,075,000 — approximately $537,500 per unit.

2026 opened with transaction volume on pace to exceed $7 billion and active institutional bidding across submarkets. The December 2025 RSO rewrite was beginning to reprice pre-1978 LA City inventory through the year.

West Hollywood has its own rent stabilization ordinance distinct from LA City RSO, and a buyer pool that treats the submarket as a premium Westside-adjacent hold.

Small multifamily properties in this range trade primarily among private investors, family offices, and 1031 exchangers.

Set against the rest of the West Hollywood record, this is the smallest of the 21 West Hollywood apartment buildings Michael Sterman has closed.

At $537,500 a unit it sits above the West Hollywood median of $354,286, which is the ordinary pattern for a building of this size: at 2 units it is smaller than the median West Hollywood closing at 8, 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 West Hollywood
• West 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.