330 Langley St, Glendale — 7-Unit Multifamily, $1.7M (Oct 2024)
Updated April 28, 2026
Units: 7 · Sale price: $1,700,000 · Price per unit: $242,857 · Closed: October 2024
A 7-unit small multifamily property at 330 Langley St in Glendale, sold October 2024 for $1,700,000 — approximately $242,857 per unit.
2024 LA multifamily began the recovery — transaction volume rebuilt toward $6.9B, institutional capital returned to active bidding, pricing stabilized.
Glendale operates under its own local rental ordinance distinct from LA City RSO, producing a different buyer underwriting profile than comparable LA City buildings.
Small multifamily properties in this range trade primarily among private investors, family offices, and 1031 exchangers.
Set against the rest of the Glendale record, this is the 8th largest of the 12 Glendale apartment buildings Michael Sterman has closed.
At $242,857 a unit it sits 6% below the Glendale median of $258,854. 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 Glendale closings the same year: 1228 Mariposa St (7 units, $1,900,000).
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Related
- Selling Multifamily Property in Glendale
- Glendale: 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 →