923 Westbourne Dr, West Hollywood — 6-Unit Multifamily, $2.7M (Dec 2021)
Updated April 28, 2026
Units: 6 · Sale price: $2,662,500 · Price per unit: $443,750 · Closed: December 2021
A 6-unit small multifamily property at 923 Westbourne Dr in West Hollywood, sold December 2021 for $2,662,500 — approximately $443,750 per unit.
2021 was LA multifamily's cyclical peak. Pricing compressed aggressively across submarkets. Transaction volume reached approximately 1,200 deals — the highest in over a decade.
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 15th largest of the 21 West Hollywood apartment buildings Michael Sterman has closed.
At $443,750 a unit it sits above the West Hollywood median of $354,286, which is the ordinary pattern for a building of this size: at 6 units it is smaller than the median West Hollywood closing at 8, and smaller buildings carry higher per-door pricing.
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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