Updated April 28, 2026
Units: 18 · Sale price: $5,625,000 · Price per unit: $312,500 · Closed: May 2016
A 18-unit mid-size multifamily property at 1444 N Vista St in Hollywood, sold May 2016 for $5,625,000 — approximately $312,500 per unit.
2016 was mid-cycle for LA multifamily. Pricing had firmed meaningfully from post-2008 lows. Strong bid across stabilized inventory.
Hollywood is one of the most-demanded mid-city LA submarkets, with deep institutional interest and a predominantly pre-1978 building mix that now falls under the revised LA City RSO.
Mid-size multifamily in this unit range attracts both private investors and smaller institutional buyers, particularly on value-add theses.
Set against the rest of the Hollywood record, this is the 13th largest of the 24 Hollywood apartment buildings Michael Sterman has closed.
At $312,500 a unit it sits above the Hollywood median of $282,589, which is the ordinary pattern for a building of this size: at 18 units it is smaller than the median Hollywood closing at 19, and smaller buildings carry higher per-door pricing.
Other Hollywood closings the same year: 1325 N Gardner (27 units, $9,100,000), 5200 Hollywood Blvd (20 units, $3,400,000).
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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