1522 N Vista, Hollywood — 24-Unit Multifamily, $8.5M (Nov 2015)

Updated April 28, 2026

Units: 24 · Sale price: $8,526,000 · Price per unit: $355,250 · Closed: November 2015

A 24-unit mid-size multifamily property at 1522 N Vista in Hollywood, sold November 2015 for $8,526,000 — approximately $355,250 per unit.

By 2015, LA multifamily transaction volume had returned to pre-2008 levels. Institutional and 1031 capital were both active across the full range of submarkets.

Hollywood is one of the most-demanded mid-city LA submarkets, with deep institutional interest and a predominantly pre-1978 building mix that now falls under the revised LA City RSO.

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 Hollywood record, this is the 9th largest of the 24 Hollywood apartment buildings Michael Sterman has closed.

At $355,250 a unit it sits 26% above the Hollywood median of $282,589. 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 Hollywood closings the same year: 1255 N Orange (33 units, $10,513,500), 1310 N Gardner St (16 units, $3,500,000).

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 Hollywood
• Hollywood: 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.