5200 Hollywood Blvd, Hollywood — 20-Unit Multifamily, $3.4M (Aug 2016)

Updated April 28, 2026

Units: 20 · Sale price: $3,400,000 · Price per unit: $170,000 · Closed: August 2016

A 20-unit mid-size multifamily property at 5200 Hollywood Blvd in Hollywood, sold August 2016 for $3,400,000 — approximately $170,000 per unit.

2016 was mid-cycle for LA multifamily. Pricing had firmed meaningfully from post-2008 lows. Strong bid across stabilized inventory.

Hollywood is one of the most-demanded mid-city LA submarkets, with deep institutional interest and a predominantly pre-1978 building mix that now falls under the revised LA City RSO.

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 Hollywood record, this is the 11th largest of the 24 Hollywood apartment buildings Michael Sterman has closed.

At $170,000 a unit it sits below the Hollywood median of $282,589 — which is what size does to a per-unit number. This building is larger than the median Hollywood closing at 19 units, and per-door pricing falls as unit count rises almost everywhere in Los Angeles. A citywide average per unit is not information; the comparable set has to match the building's size.

Other Hollywood closings the same year: 1325 N Gardner (27 units, $9,100,000), 1444 N Vista St (18 units, $5,625,000).

This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.

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Related

• Selling Multifamily Property in Hollywood
• Hollywood: 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

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Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.