7237-7261 Amigo Ave, Reseda — 61-Unit Multifamily, $6.7M (Mar 2014)
Updated April 28, 2026
Units: 61 · Sale price: $6,700,000 · Price per unit: $109,836 · Closed: March 2014
A 61-unit larger multifamily property at 7237-7261 Amigo Ave in Reseda, sold March 2014 for $6,700,000 — approximately $109,836 per unit.
2014 was an active year for LA multifamily — deepening buyer pool, increasing transaction volume, pricing compressing steadily in core submarkets.
Reseda is predominantly pre-1978 LA City RSO inventory. Buyer pool skews local operators and value-add syndicators; institutional participation is more selective than in core LA.
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 Reseda record, this is the 5th largest of the 8 Reseda apartment buildings Michael Sterman has closed.
At $109,836 a unit it sits 30% below the Reseda median of $156,639. Per-unit price tracks condition and the in-place rent roll as much as location, so the gap is a starting question rather than a verdict.
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Related
- Selling Multifamily Property in Reseda
- Reseda: the neighborhood, its buildings and what they sell for
- 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.
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