Updated April 28, 2026

Units: 54 · Sale price: $9,350,000 · Price per unit: $173,148 · Closed: August 2018
A 54-unit larger multifamily property at 6535 Haskell Ave in Van Nuys, sold August 2018 for $9,350,000 — approximately $173,148 per unit.
2018 LA multifamily was at or near cyclical peak pricing. Institutional capital remained active across asset classes. Transaction volume was high.
Van Nuys LA multifamily trades bimodally — stabilized Class B and value-add Class C often trading at meaningfully different prices depending on the specific asset story.
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 Van Nuys record, this is the 2nd largest of the 12 Van Nuys apartment buildings Michael Sterman has closed.
At $173,148 a unit it traded essentially on the Van Nuys median of $171,801, across those 12 closings.
Other Van Nuys closings the same year: 7317 Haskell Ave (48 units, $9,650,000), 15135 Victory Blvd (21 units, $2,750,000).
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.
Thinking about selling? Get a no-obligation evaluation on your building.
Request Free Evaluation →