1700 Malcolm Ave, West Los Angeles — 8-Unit Multifamily, $5.1M (Apr 2022)
Updated April 28, 2026
Units: 8 · Sale price: $5,125,000 · Price per unit: $640,625 · Closed: April 2022
A 8-unit small multifamily property at 1700 Malcolm Ave in West Los Angeles, sold April 2022 for $5,125,000 — approximately $640,625 per unit.
2022 LA multifamily held at peak pricing through mid-year, then began the rate-driven repricing that would define 2023.
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 $640,625 a unit it sits 11% above the West Los Angeles median of $575,000. 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 West Los Angeles closings the same year: 10793 Ohio Ave (7 units, $3,500,000).
This address appears in the archive more than once: it also closed July 2019 at $4,525,000. 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.
Related
- Selling Multifamily Property in West Los Angeles
- 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
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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