Updated April 28, 2026
Units: 15 · Sale price: $1,333,000 · Price per unit: $88,866 · Closed: May 2015
A 15-unit mid-size multifamily property at 1322-1328 Linwood Ave in Downtown LA, sold May 2015 for $1,333,000 — approximately $88,866 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.
Multifamily property in the Sterman Multifamily Group transaction archive.
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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