4936 Whitsett Ave, Valley Village — 9-Unit Multifamily, $2.2M (May 2018)
Updated April 28, 2026
Units: 9 · Sale price: $2,200,000 · Price per unit: $244,444 · Closed: May 2018
A 9-unit small multifamily property at 4936 Whitsett Ave in Valley Village, sold May 2018 for $2,200,000 — approximately $244,444 per unit.
2018 LA multifamily was at or near cyclical peak pricing. Institutional capital remained active across asset classes. Transaction volume was high.
Valley Village is central Valley LA City RSO territory, with demographics favoring stable tenant retention.
Small multifamily properties in this range trade primarily among private investors, family offices, and 1031 exchangers.
Set against the rest of the Valley Village record, this is the smallest of the 4 Valley Village apartment buildings Michael Sterman has closed.
At $244,444 a unit it sits 7% below the Valley Village median of $263,472. 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 Valley Village closings the same year: 5222-5228 Hermitage (20 units, $5,650,000).
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Related
- Selling Multifamily Property in Valley Village
- 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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