7254 Canby Ave, Reseda — 10-Unit Multifamily, $1.4M (Jul 2016)
Updated April 28, 2026
Units: 10 · Sale price: $1,355,000 · Price per unit: $135,500 · Closed: July 2016
A 10-unit mid-size multifamily property at 7254 Canby Ave in Reseda, sold July 2016 for $1,355,000 — approximately $135,500 per unit.
2016 was mid-cycle for LA multifamily. Pricing had firmed meaningfully from post-2008 lows. Strong bid across stabilized inventory.
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.
Mid-size multifamily in this unit range attracts both private investors and smaller institutional buyers, particularly on value-add theses.
Set against the rest of the Reseda record, this is the smallest of the 8 Reseda apartment buildings Michael Sterman has closed.
At $135,500 a unit it sits 13% 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.
Thinking about selling? Get a no-obligation evaluation on your building.
Request Free Evaluation →