648 S Dunsmuir Ave, Hancock Park — 7-Unit Multifamily, $1.7M (Nov 2024)
Updated April 28, 2026
Units: 7 · Sale price: $1,700,000 · Price per unit: $242,857 · Closed: November 2024
A 7-unit small multifamily property at 648 S Dunsmuir Ave in Hancock Park, sold November 2024 for $1,700,000 — approximately $242,857 per unit.
2024 LA multifamily began the recovery — transaction volume rebuilt toward $6.9B, institutional capital returned to active bidding, pricing stabilized.
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 Hancock Park record, this is the smallest of the 6 Hancock Park apartment buildings Michael Sterman has closed.
At $242,857 a unit it sits above the Hancock Park median of $230,519, which is the ordinary pattern for a building of this size: at 7 units it is smaller than the median Hancock Park closing at 22, and smaller buildings carry higher per-door pricing.
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Related
- Selling Multifamily Property in Hancock Park
- 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.
Thinking about selling? Get a no-obligation evaluation on your building.
Request Free Evaluation →