14930 Magnolia Ave, Sherman Oaks — 8-Unit Multifamily, $2M (Jan 2016)

Updated April 28, 2026

Units: 8 · Sale price: $2,040,000 · Price per unit: $255,000 · Closed: January 2016

A 8-unit small multifamily property at 14930 Magnolia Ave in Sherman Oaks, sold January 2016 for $2,040,000 — approximately $255,000 per unit.

2016 was mid-cycle for LA multifamily. Pricing had firmed meaningfully from post-2008 lows. Strong bid across stabilized inventory.

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.

Small multifamily properties in this range trade primarily among private investors, family offices, and 1031 exchangers.

Set against the rest of the Sherman Oaks record, this is the 15th largest of the 17 Sherman Oaks apartment buildings Michael Sterman has closed.

At $255,000 a unit it sits above the Sherman Oaks median of $237,708, which is the ordinary pattern for a building of this size: at 8 units it is smaller than the median Sherman Oaks closing at 16, and smaller buildings carry higher per-door pricing.

This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.

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Related

• Selling Multifamily Property in Sherman Oaks
• Sherman Oaks: 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

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Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.