Updated April 28, 2026
Units: 12 · Sale price: $2,085,000 · Price per unit: $173,750 · Closed: October 2016
A 12-unit mid-size multifamily property at 2266 West Adams Blvd in West Adams, sold October 2016 for $2,085,000 — approximately $173,750 per unit.
2016 was mid-cycle for LA multifamily. Pricing had firmed meaningfully from post-2008 lows. Strong bid across stabilized inventory.
Multifamily property in the Sterman Multifamily Group transaction archive.
Mid-size multifamily in this unit range attracts both private investors and smaller institutional buyers, particularly on value-add theses.
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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