Updated April 28, 2026
Units: 7 · Sale price: $2,660,000 · Price per unit: $380,000 · Closed: January 2017
A 7-unit small multifamily property at 422 S Arnaz Dr in Fairfax, sold January 2017 for $2,660,000 — approximately $380,000 per unit.
2017 LA multifamily pricing approached cycle peaks. Buyer discipline was tightening on value-add deals even as top-line pricing continued to advance.
Multifamily property in the Sterman Multifamily Group transaction archive.
Small multifamily properties in this range trade primarily among private investors, family offices, and 1031 exchangers.
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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