14024 Oxnard St, Van Nuys — 44-Unit Multifamily, $7.5M (Dec 2015)
Updated April 28, 2026
Units: 44 · Sale price: $7,500,000 · Price per unit: $170,454 · Closed: December 2015
A 44-unit larger multifamily property at 14024 Oxnard St in Van Nuys, sold December 2015 for $7,500,000 — approximately $170,454 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.
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.
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 Van Nuys record, this is the 5th largest of the 12 Van Nuys apartment buildings Michael Sterman has closed.
At $170,455 a unit it traded essentially on the Van Nuys median of $171,801, across those 12 closings.
Other Van Nuys closings the same year: 6823-6827 Hayvenhurst Ave (10 units, $1,460,000).
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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