4484 Murietta Ave, Sherman Oaks — 10-Unit Multifamily, $3M (Apr 2020)
Updated April 28, 2026
Units: 10 · Sale price: $3,000,000 · Price per unit: $300,000 · Closed: April 2020
A 10-unit mid-size multifamily property at 4484 Murietta Ave in Sherman Oaks, sold April 2020 for $3,000,000 — approximately $300,000 per unit.
2020 LA multifamily absorbed a Q2 COVID shock and recovered through H2. Pricing held for stabilized inventory; transaction volume returned by year-end.
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.
Set against the rest of the Sherman Oaks record, this is the 13th largest of the 17 Sherman Oaks apartment buildings Michael Sterman has closed.
At $300,000 a unit it sits above the Sherman Oaks median of $237,708, which is the ordinary pattern for a building of this size: at 10 units it is smaller than the median Sherman Oaks closing at 16, and smaller buildings carry higher per-door pricing.
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Related
- Selling Multifamily Property in Sherman Oaks
- Sherman Oaks: 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.
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