Updated April 28, 2026
Units: 15 · Sale price: $2,855,000 · Price per unit: $190,333 · Closed: September 2014
A 15-unit mid-size multifamily property at 5328 Harmony Dr in North Hollywood, sold September 2014 for $2,855,000 — approximately $190,333 per unit.
2014 was an active year for LA multifamily — deepening buyer pool, increasing transaction volume, pricing compressing steadily in core submarkets.
North Hollywood has seen elevated new construction activity in recent years, creating a mixed age profile that buyers underwrite carefully by vintage.
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 North Hollywood record, this is the 4th largest of the 10 North Hollywood apartment buildings Michael Sterman has closed.
At $190,333 a unit it sits below the North Hollywood median of $257,414 — which is what size does to a per-unit number. This building is larger than the median North Hollywood closing at 12 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 North Hollywood closings the same year: 5250 Denny Ave (15 units, $2,955,000).
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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