4428 Moorpark Way, Toluca Lake — 5-Unit Multifamily, $1.3M (Mar 2013)
Updated April 28, 2026
Units: 5 · Sale price: $1,320,000 · Price per unit: $264,000 · Closed: March 2013
A 5-unit small multifamily property at 4428 Moorpark Way in Toluca Lake, sold March 2013 for $1,320,000 — approximately $264,000 per unit.
2013 was early in the sustained LA multifamily expansion that would run through 2022. Transaction activity was climbing; buyer pool was broadening quarter over quarter.
Toluca Lake is a small, stable Valley submarket. Buildings transact infrequently but pricing holds when they do.
Small multifamily properties in this range trade primarily among private investors, family offices, and 1031 exchangers.
Set against the rest of the Toluca Lake record, this is the smallest of the 4 Toluca Lake apartment buildings Michael Sterman has closed.
At $264,000 a unit it sits 22% below the Toluca Lake median of $337,625. 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.
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Related
- Selling Multifamily Property in Toluca Lake
- 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.
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