Updated April 28, 2026
Units: 8 · Sale price: $4,525,000 · Price per unit: $565,625 · Closed: July 2019
A 8-unit small multifamily property at 1700 Malcolm Ave in West Los Angeles, sold July 2019 for $4,525,000 — approximately $565,625 per unit.
2019 LA multifamily held at peak-cycle pricing. Late-cycle discipline was visible in buyer underwriting, particularly on assets requiring active management.
West LA is a core institutional hold for LA multifamily. Mixed building ages — pre-1978 RSO alongside post-1995 Costa-Hawkins exempt inventory.
Small multifamily properties in this range trade primarily among private investors, family offices, and 1031 exchangers.
Set against the rest of the West Los Angeles record, this is the 3rd largest of the 6 West Los Angeles apartment buildings Michael Sterman has closed.
At $565,625 a unit it traded essentially on the West Los Angeles median of $575,000, across those 6 closings.
Other West Los Angeles closings the same year: 1600 Camden Ave (8 units, $4,808,000).
This address appears in the archive more than once: it also closed April 2022 at $5,125,000. Two verified prices on one building are worth more than any estimate.
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
This building has appeared in the archive 2 times. See the full transaction history for 1700 Malcolm Ave, West Los Angeles.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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