14949 Vanowen St, Van Nuys — 30-Unit Multifamily, $5.5M (Dec 2016)

Updated April 28, 2026

Units: 30 · Sale price: $5,450,000 · Price per unit: $181,666 · Closed: December 2016

A 30-unit larger multifamily property at 14949 Vanowen St in Van Nuys, sold December 2016 for $5,450,000 — approximately $181,666 per unit.

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

Van Nuys LA multifamily trades bimodally — stabilized Class B and value-add Class C often trading at meaningfully different prices depending on the specific asset story.

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 Van Nuys record, this is the 7th largest of the 12 Van Nuys apartment buildings Michael Sterman has closed.

At $181,667 a unit it sits above the Van Nuys median of $171,801, which is the ordinary pattern for a building of this size: at 30 units it is smaller than the median Van Nuys closing at 34, 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 Van Nuys
• Van Nuys: 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.