15135 Victory Blvd, Van Nuys — 21-Unit Multifamily, $2.8M (Dec 2018)

Updated April 28, 2026

Units: 21 · Sale price: $2,750,000 · Price per unit: $130,952 · Closed: December 2018

A 21-unit mid-size multifamily property at 15135 Victory Blvd in Van Nuys, sold December 2018 for $2,750,000 — approximately $130,952 per unit.

2018 LA multifamily was at or near cyclical peak pricing. Institutional capital remained active across asset classes. Transaction volume was high.

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.

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 Van Nuys record, this is the 8th largest of the 12 Van Nuys apartment buildings Michael Sterman has closed.

At $130,952 a unit it sits 24% below the Van Nuys median of $171,801. Per-unit price tracks condition and the in-place rent roll as much as location, so the gap is a starting question rather than a verdict.

Other Van Nuys closings the same year: 6535 Haskell Ave (54 units, $9,350,000), 7317 Haskell Ave (48 units, $9,650,000).

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.