1421 S Shenandoah St, Mid-City — 6-Unit Multifamily, $1.8M (May 2026)
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.
Set against the rest of the Mid-City record, this is the 2nd largest of the 4 Mid-City apartment buildings Michael Sterman has closed.
At $294,167 a unit it sits 15% above the Mid-City median of $256,458. 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 Mid-City closings the same year: 1655 Carmona Ave (6 units, $1,100,000).
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Related
- Selling Multifamily Property in Mid-City
- How to Sell a Multifamily Property in Los Angeles
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- 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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