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.
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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