811-817 Oxford Ave, Koreatown — 26-Unit Multifamily, $3.6M (Feb 2014)

Updated April 28, 2026

Units: 26 · Sale price: $3,605,000 · Price per unit: $138,653 · Closed: February 2014

A 26-unit mid-size multifamily property at 811-817 Oxford Ave in Koreatown, sold February 2014 for $3,605,000 — approximately $138,653 per unit.

2014 was an active year for LA multifamily — deepening buyer pool, increasing transaction volume, pricing compressing steadily in core submarkets.

Koreatown is one of the highest-density multifamily submarkets in LA, overwhelmingly pre-1978 and subject to LA City RSO. Buyer pool includes institutional value-add, 1031 exchangers, and multi-generational family offices.

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 Koreatown record, this is the 6th largest of the 21 Koreatown apartment buildings Michael Sterman has closed.

At $138,654 a unit it sits below the Koreatown median of $158,958 — which is what size does to a per-unit number. This building is larger than the median Koreatown closing at 20 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 Koreatown closings the same year: 240 S Catalina St (20 units, $1,735,000).

This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.

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Related

• Selling Multifamily Property in Koreatown
• Koreatown: 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

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Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.