1230 N Berendo St, Los Feliz — 48-Unit Multifamily, $6.3M (Jun 2016)

Updated April 28, 2026

Units: 48 · Sale price: $6,335,000 · Price per unit: $131,979 · Closed: June 2016

A 48-unit larger multifamily property at 1230 N Berendo St in Los Feliz, sold June 2016 for $6,335,000 — approximately $131,979 per unit.

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

Los Feliz is central LA, heavily pre-1978 RSO, with strong tenant demand and tight institutional interest on clean stabilized inventory.

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 Los Feliz record, this is the largest of the 5 Los Feliz apartment buildings Michael Sterman has closed.

At $131,979 a unit it sits below the Los Feliz median of $225,000 — which is what size does to a per-unit number. This building is larger than the median Los Feliz closing at 11 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 address appears in the archive more than once: it also closed June 2014 at $4,060,000. Two verified prices on one building are worth more than any estimate.

This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.

---

Related

• Selling Multifamily Property in Los Feliz
• 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

---

This building has appeared in the archive 2 times. See the full transaction history for 1230 N Berendo St, Los Feliz.

Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.