851 N Hayworth Ave, West Hollywood — 8-Unit Multifamily, $3.7M (Apr 2018)
Updated April 28, 2026
Units: 8 · Sale price: $3,675,000 · Price per unit: $459,375 · Closed: April 2018
A 8-unit small multifamily property at 851 N Hayworth Ave in West Hollywood, sold April 2018 for $3,675,000 — approximately $459,375 per unit.
2018 LA multifamily was at or near cyclical peak pricing. Institutional capital remained active across asset classes. Transaction volume was high.
West Hollywood has its own rent stabilization ordinance distinct from LA City RSO, and a buyer pool that treats the submarket as a premium Westside-adjacent hold.
Small multifamily properties in this range trade primarily among private investors, family offices, and 1031 exchangers.
Set against the rest of the West Hollywood record, this is the 9th largest of the 21 West Hollywood apartment buildings Michael Sterman has closed.
At $459,375 a unit it sits 30% above the West Hollywood median of $354,286. 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.
Other West Hollywood closings the same year: 1047 N Stanley Ave (10 units, $3,075,000).
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Related
- Selling Multifamily Property in West Hollywood
- West Hollywood: 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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