1820 Grace Ave, Hollywood — 10-Unit Multifamily, $1.8M (Nov 2025)
Updated April 28, 2026
Units: 10 · Sale price: $1,775,000 · Price per unit: $177,500 · Closed: November 2025
A 10-unit mid-size multifamily property at 1820 Grace Ave in Hollywood, sold November 2025 for $1,775,000 — approximately $177,500 per unit.
2025 LA multifamily transaction volume hit $6.5 to $7.9 billion across 557 deals. Institutional buyers returned in force; pricing stabilized in most 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 21st largest of the 24 Hollywood apartment buildings Michael Sterman has closed.
At $177,500 a unit it sits 37% below 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: 1301 N Orange Dr (3 units, $1,046,000).
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
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
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
Thinking about selling? Get a no-obligation evaluation on your building.
Request Free Evaluation →