Updated April 28, 2026
Units: 7 · Sale price: $3,586,956 · Price per unit: $512,422 · Closed: January 2021
A 7-unit small multifamily property at 7269 Union Park Ave in Utah, sold January 2021 for $3,586,956 — approximately $512,422 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.
Multifamily property in the Sterman Multifamily Group transaction archive.
Small multifamily properties in this range trade primarily among private investors, family offices, and 1031 exchangers.
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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