Units: 30 · Sale price: $9,910,000 · Price per unit: $330,333 · Closed: May 2022
A 30-unit larger multifamily property at 18634 Clark St in Tarzana, sold May 2022 for $9,910,000 — approximately $330,333 per unit.
2022 LA multifamily held at peak pricing through mid-year, then began the rate-driven repricing that would define 2023.
Tarzana is western Valley LA City multifamily. Local operator buyer pool dominates, with less institutional depth than central LA submarkets.
Larger multifamily at this scale draws institutional and private equity capital with deeper underwriting processes and longer hold horizons.
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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