18317-18331 Kittridge St, Reseda — 72-Unit Multifamily, $17M (Feb 2021)

Updated April 28, 2026

Units: 72 · Sale price: $17,000,000 · Price per unit: $236,111 · Closed: February 2021

A 72-unit larger multifamily property at 18317-18331 Kittridge St in Reseda, sold February 2021 for $17,000,000 — approximately $236,111 per unit.

2021 was LA multifamily's cyclical peak. Pricing compressed aggressively across submarkets. Transaction volume reached approximately 1,200 deals — the highest in over a decade.

Reseda is predominantly pre-1978 LA City RSO inventory. Buyer pool skews local operators and value-add syndicators; institutional participation is more selective than in core LA.

Larger multifamily at this scale draws institutional and private equity capital with deeper underwriting processes and longer hold horizons.

Set against the rest of the Reseda record, this is the 3rd largest of the 8 Reseda apartment buildings Michael Sterman has closed.

At $236,111 a unit it sits 51% above the Reseda median of $156,639. 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.

This address appears in the archive more than once: it also closed June 2015 at $12,800,000. 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.

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Related

• Selling Multifamily Property in Reseda
• Reseda: 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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This building has appeared in the archive 2 times. See the full transaction history for 18317-18331 Kittridge St, Reseda.

Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.