6262-6322 Reseda Blvd, Tarzana — 118-Unit Multifamily, $27.1M (Oct 2020)
Updated April 28, 2026
Units: 118 · Sale price: $27,100,000 · Price per unit: $229,661 · Closed: October 2020
A 118-unit larger multifamily property at 6262-6322 Reseda Blvd in Tarzana, sold October 2020 for $27,100,000 — approximately $229,661 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.
Tarzana is western Valley LA City multifamily. Local operator buyer pool dominates, with less institutional depth than central LA submarkets.
Larger multifamily at this scale draws institutional and private equity capital with deeper underwriting processes and longer hold horizons.
Set against the rest of the Tarzana record, this is the largest of the 3 Tarzana apartment buildings Michael Sterman has closed.
At $229,661 a unit it traded essentially on the Tarzana median of $229,661, across those 3 closings.
This address appears in the archive more than once: it also closed July 2015 at $22,000,000. Two verified prices on one building are worth more than any estimate.
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Related
- Selling Multifamily Property in Tarzana
- 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
This building has appeared in the archive 2 times. See the full transaction history for 6262-6322 Reseda Blvd, Tarzana.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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