13415 Victory Boulevard, Van Nuys — 7-Unit Multifamily, $730K (Nov 2012)
Updated April 28, 2026
Units: 7 · Sale price: $730,000 · Price per unit: $104,285 · Closed: November 2012
A 7-unit small multifamily property at 13415 Victory Boulevard in Van Nuys, sold November 2012 for $730,000 — approximately $104,285 per unit.
In 2012, LA multifamily transaction volume was rebuilding from the post-2008 trough. Pricing was beginning to firm as institutional capital returned to the asset class.
Van Nuys LA multifamily trades bimodally — stabilized Class B and value-add Class C often trading at meaningfully different prices depending on the specific asset story.
Small multifamily properties in this range trade primarily among private investors, family offices, and 1031 exchangers.
Set against the rest of the Van Nuys record, this is the 10th largest of the 12 Van Nuys apartment buildings Michael Sterman has closed.
At $104,286 a unit it sits 39% below the Van Nuys median of $171,801. 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 Van Nuys closings the same year: 15111 Archwood Street (68 units, $7,650,000).
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Related
- Selling Multifamily Property in Van Nuys
- Van Nuys: 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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