12747 Mercer St, Pacoima — 68-Unit Multifamily, $8.7M (Feb 2016)
Updated April 28, 2026
Units: 68 · Sale price: $8,726,000 · Price per unit: $128,323 · Closed: February 2016
A 68-unit larger multifamily property at 12747 Mercer St in Pacoima, sold February 2016 for $8,726,000 — approximately $128,323 per unit.
2016 was mid-cycle for LA multifamily. Pricing had firmed meaningfully from post-2008 lows. Strong bid across stabilized inventory.
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 2nd largest of the 4 Pacoima apartment buildings Michael Sterman has closed.
At $128,324 a unit it sits below the Pacoima median of $153,691 — which is what size does to a per-unit number. This building is larger than the median Pacoima closing at 65 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 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.
Thinking about selling? Get a no-obligation evaluation on your building.
Request Free Evaluation →