Updated April 28, 2026
Units: 36 · Sale price: $7,200,000 · Price per unit: $200,000 · Closed: September 2014
A 36-unit larger multifamily property at 14833 Magnolia Ave in Sherman Oaks, sold September 2014 for $7,200,000 — approximately $200,000 per unit.
2014 was an active year for LA multifamily — deepening buyer pool, increasing transaction volume, pricing compressing steadily in core submarkets.
Sherman Oaks is the Valley floor's most-demanded multifamily submarket. Mixed building ages — pre-1978, 1980s, and post-1995 — trade at distinct price points on the same street.
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 Sherman Oaks record, this is the 3rd largest of the 17 Sherman Oaks apartment buildings Michael Sterman has closed.
At $200,000 a unit it sits below the Sherman Oaks median of $237,708 — which is what size does to a per-unit number. This building is larger than the median Sherman Oaks closing at 16 units, and per-door pricing falls as unit count rises almost everywhere in Los Angeles. A citywide average per unit is not information; the comparable set has to match the building's size.
Other Sherman Oaks closings the same year: 14900 Moorpark Ave (47 units, $9,000,000), 4433 Murietta Ave (24 units, $5,705,000), 14258 Dickens St (11 units, $1,900,000).
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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