866 Hilldale Ave, West Hollywood — 8-Unit Multifamily, $4.2M (May 2019)
Updated April 28, 2026
Units: 8 · Sale price: $4,200,000 · Price per unit: $525,000 · Closed: May 2019
A 8-unit small multifamily property at 866 Hilldale Ave in West Hollywood, sold May 2019 for $4,200,000 — approximately $525,000 per unit.
2019 LA multifamily held at peak-cycle pricing. Late-cycle discipline was visible in buyer underwriting, particularly on assets requiring active management.
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 $525,000 a unit it sits 48% 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.
This address appears in the archive more than once: it also closed October 2017 at $4,025,000. Two verified prices on one building are worth more than any estimate.
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
This building has appeared in the archive 2 times. See the full transaction history for 866 Hilldale Ave, West Hollywood.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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