925 South Sherbourne Avenue, Fairfax — 13-Unit Multifamily, $3.3M (May 2013)

Updated April 28, 2026

Units: 13 · Sale price: $3,300,000 · Price per unit: $253,846 · Closed: May 2013

A 13-unit mid-size multifamily property at 925 South Sherbourne Avenue in Fairfax, sold May 2013 for $3,300,000 — approximately $253,846 per unit.

2013 was early in the sustained LA multifamily expansion that would run through 2022. Transaction activity was climbing; buyer pool was broadening quarter over quarter.

Multifamily property in the Sterman Multifamily Group transaction archive.

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 Fairfax record, this is the largest of the 5 Fairfax apartment buildings Michael Sterman has closed.

At $253,846 a unit it sits below the Fairfax median of $425,000 — which is what size does to a per-unit number. This building is larger than the median Fairfax closing at 4 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.

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 Fairfax
• 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.