12569 Van Nuys Blvd, Pacoima — 62-Unit Multifamily, $10.9M (Nov 2015)
Updated April 28, 2026
Units: 62 · Sale price: $10,950,000 · Price per unit: $176,612 · Closed: November 2015
A 62-unit larger multifamily property at 12569 Van Nuys Blvd in Pacoima, sold November 2015 for $10,950,000 — approximately $176,612 per unit.
By 2015, LA multifamily transaction volume had returned to pre-2008 levels. Institutional and 1031 capital were both active across the full range of submarkets.
Pacoima is northern Valley LA City inventory, predominantly pre-1978 RSO, value-add oriented.
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 Pacoima record, this is the 3rd largest of the 4 Pacoima apartment buildings Michael Sterman has closed.
At $176,613 a unit it sits above the Pacoima median of $153,691, which is the ordinary pattern for a building of this size: at 62 units it is smaller than the median Pacoima closing at 65, and smaller buildings carry higher per-door pricing.
Other Pacoima closings the same year: 12711 Branford St (100 units, $17,750,000).
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Related
- Selling Multifamily Property in Pacoima
- 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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