7722 Reseda Boulevard, Reseda — 138-Unit Multifamily, $14.5M (May 2013)

Updated April 28, 2026

Units: 138 · Sale price: $14,500,000 · Price per unit: $105,072 · Closed: May 2013

A 138-unit larger multifamily property at 7722 Reseda Boulevard in Reseda, sold May 2013 for $14,500,000 — approximately $105,072 per unit.

2013 was early in the sustained LA multifamily expansion that would run through 2022. Transaction activity was climbing; buyer pool was broadening quarter over quarter.

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 largest of the 8 Reseda apartment buildings Michael Sterman has closed.

At $105,072 a unit it sits below the Reseda median of $156,639 — which is what size does to a per-unit number. This building is larger than the median Reseda closing at 66 units, and per-door pricing falls as unit count rises almost everywhere in Los Angeles. A citywide average per unit is not information; the comparable set has to match the building's size.

Other Reseda closings the same year: 6653 Darby Avenue (31 units, $2,965,000).

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.