1235 N Ogden Dr, West Hollywood — 9-Unit Multifamily, $3.4M (Jun 2020)
Updated April 28, 2026
Units: 9 · Sale price: $3,395,000 · Price per unit: $377,222 · Closed: June 2020
A 9-unit small multifamily property at 1235 N Ogden Dr in West Hollywood, sold June 2020 for $3,395,000 — approximately $377,222 per unit.
2020 LA multifamily absorbed a Q2 COVID shock and recovered through H2. Pricing held for stabilized inventory; transaction volume returned by year-end.
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 8th largest of the 21 West Hollywood apartment buildings Michael Sterman has closed.
At $377,222 a unit it sits 6% above the West Hollywood median of $354,286. Per-unit price tracks condition and the in-place rent roll as much as location, so the gap is a starting question rather than a verdict.
Other West Hollywood closings the same year: 8355 Blackburn Ave (21 units, $6,550,000), 530 N Spaulding (4 units, $1,600,000).
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
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
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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