530 N Spaulding Ave, Fairfax — 4-Unit Multifamily, $3.2M (Jul 2022)
Updated April 28, 2026
Units: 4 · Sale price: $3,250,000 · Price per unit: $812,500 · Closed: July 2022
A 4-unit small multifamily property at 530 N Spaulding Ave in Fairfax, sold July 2022 for $3,250,000 — approximately $812,500 per unit.
2022 LA multifamily held at peak pricing through mid-year, then began the rate-driven repricing that would define 2023.
Multifamily property in the Sterman Multifamily Group transaction archive.
Small multifamily properties in this range trade primarily among private investors, family offices, and 1031 exchangers.
Set against the rest of the Fairfax record, this is the 3rd largest of the 5 Fairfax apartment buildings Michael Sterman has closed.
At $812,500 a unit it sits 91% above the Fairfax median of $425,000. 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 Fairfax closings the same year: 107 N Kings Rd (3 units, $2,365,026).
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Related
- Selling Multifamily Property in Fairfax
- 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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