Updated April 28, 2026
Units: 4 · Sale price: $1,600,000 · Price per unit: $400,000 · Closed: July 2020
A 4-unit small multifamily property at 530 N Spaulding in West Hollywood, sold July 2020 for $1,600,000 — approximately $400,000 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.
West Hollywood has its own rent stabilization ordinance distinct from LA City RSO, and a buyer pool that treats the submarket as a premium Westside-adjacent hold.
Small multifamily properties in this range trade primarily among private investors, family offices, and 1031 exchangers.
Set against the rest of the West Hollywood record, this is the 19th largest of the 21 West Hollywood apartment buildings Michael Sterman has closed.
At $400,000 a unit it sits above the West Hollywood median of $354,286, which is the ordinary pattern for a building of this size: at 4 units it is smaller than the median West Hollywood closing at 8, and smaller buildings carry higher per-door pricing.
Other West Hollywood closings the same year: 8355 Blackburn Ave (21 units, $6,550,000), 1235 N Ogden Dr (9 units, $3,395,000).
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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