Updated April 28, 2026
Units: 31 · Sale price: $6,000,000 · Price per unit: $193,548 · Closed: April 2022
A 31-unit larger multifamily property at 839 S St Andrews Place in Los Angeles, sold April 2022 for $6,000,000 — approximately $193,548 per unit.
2022 LA multifamily held at peak pricing through mid-year, then began the rate-driven repricing that would define 2023.
Core LA metropolitan area multifamily — specific submarket varies; common LA City RSO regulatory profile on pre-1978 inventory.
Larger multifamily at this scale draws institutional and private equity capital with deeper underwriting processes and longer hold horizons.
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.
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