Units: 24 · Sale price: $3,850,000 · Price per unit: $160,416 · Closed: April 2017
A 24-unit mid-size multifamily property at 12534 Roscoe Blvd in Sun Valley, sold April 2017 for $3,850,000 — approximately $160,416 per unit.
2017 LA multifamily pricing approached cycle peaks. Buyer discipline was tightening on value-add deals even as top-line pricing continued to advance.
Sun Valley is northeastern Valley LA City, predominantly pre-1978 RSO.
Mid-size multifamily in this unit range attracts both private investors and smaller institutional buyers, particularly on value-add theses.
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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