2030 Ivar Ave, Hollywood — 16-Unit Multifamily, $7M (Mar 2022)
Updated April 28, 2026
Units: 16 · Sale price: $7,000,000 · Price per unit: $437,500 · Closed: March 2022
A 16-unit mid-size multifamily property at 2030 Ivar Ave in Hollywood, sold March 2022 for $7,000,000 — approximately $437,500 per unit.
2022 LA multifamily held at peak pricing through mid-year, then began the rate-driven repricing that would define 2023.
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 15th largest of the 24 Hollywood apartment buildings Michael Sterman has closed.
At $437,500 a unit it sits above the Hollywood median of $282,589, which is the ordinary pattern for a building of this size: at 16 units it is smaller than the median Hollywood closing at 19, and smaller buildings carry higher per-door pricing.
Other Hollywood closings the same year: 6700 Franklin Ave (42 units, $17,072,000), 5870 Franklin Ave (38 units, $8,512,500), 1212 N Gower St (16 units, $7,325,000).
This address appears in the archive more than once: it also closed July 2020 at $6,150,000. 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 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
This building has appeared in the archive 2 times. See the full transaction history for 2030 Ivar Ave, Hollywood.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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