15111 Archwood Street, Van Nuys — 68-Unit Multifamily, $7.7M (Oct 2012)

Updated April 28, 2026

Units: 68 · Sale price: $7,650,000 · Price per unit: $112,500 · Closed: October 2012

A 68-unit larger multifamily property at 15111 Archwood Street in Van Nuys, sold October 2012 for $7,650,000 — approximately $112,500 per unit.

In 2012, LA multifamily transaction volume was rebuilding from the post-2008 trough. Pricing was beginning to firm as institutional capital returned to the asset class.

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 largest of the 12 Van Nuys apartment buildings Michael Sterman has closed.

At $112,500 a unit it sits below the Van Nuys median of $171,801 — which is what size does to a per-unit number. This building is larger than the median Van Nuys closing at 34 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 Van Nuys closings the same year: 13415 Victory Boulevard (7 units, $730,000).

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.