Updated April 28, 2026
Units: 4 · Sale price: $1,700,000 · Price per unit: $425,000 · Closed: October 2016
A 4-unit small multifamily property at 630 N Genesee in Fairfax, sold October 2016 for $1,700,000 — approximately $425,000 per unit.
2016 was mid-cycle for LA multifamily. Pricing had firmed meaningfully from post-2008 lows. Strong bid across stabilized inventory.
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.
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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