Units: 16 · Sale price: $4,750,000 · Price per unit: $296,875 · Closed: September 2021
A 16-unit mid-size multifamily property at 4331 Ventura Canyon Ave in Sherman Oaks, sold September 2021 for $4,750,000 — approximately $296,875 per unit.
2021 was LA multifamily's cyclical peak. Pricing compressed aggressively across submarkets. Transaction volume reached approximately 1,200 deals — the highest in over a decade.
Sherman Oaks is the Valley floor's most-demanded multifamily submarket. Mixed building ages — pre-1978, 1980s, and post-1995 — trade at distinct price points on the same street.
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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