Updated April 28, 2026
Units: 6 · Sale price: $1,765,000 · Price per unit: $294,166 · Closed: May 2026
A 6-unit small multifamily property at 1421 S Shenandoah St in Mid-City, sold May 2026 for $1,765,000 — approximately $294,166 per unit.
2026 opened with transaction volume on pace to exceed $7 billion and active institutional bidding across submarkets. The December 2025 RSO rewrite was beginning to reprice pre-1978 LA City inventory through the year.
Multifamily property in the Sterman Multifamily Group transaction archive.
Small multifamily properties in this range trade primarily among private investors, family offices, and 1031 exchangers.
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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