Looking for a Glendale multifamily broker? Michael Sterman, Senior Managing Director Investments at Marcus & Millichap and founder of the Sterman Multifamily Group, has closed $1.41 billion across 254 Los Angeles apartment building transactions over 14 years — including 12 in Glendale alone. If you own an apartment building in Glendale and are weighing a sale, this is the team that prices it against Glendale's real buyer pool and rules — not a generic LA average.
Glendale Multifamily Market Snapshot
195,000
Glendale residents
12
Sterman closings in Glendale
204
Units sold here
2025
Most recent closing
Glendale is its own city with its own regulatory regime. It sits east of Burbank and north of LA, with strong demographic demand driven by employment, school districts, and transit access to Downtown LA. The inventory is mixed — pre-1978, 1980s construction, post-1995 Costa-Hawkins exempt, all present across different parts of the city. The buyer pool treats Glendale as a Valley-adjacent market with cleaner regulatory exposure than LA City. Institutional capital is active but more selective than in core LA submarkets. Local operators and family offices with existing Glendale holdings drive a meaningful share of transaction flow.
Price per unit runs $300,000 to $425,000 as of Q1 2026. Days on market average 100 to 160 days on clean deals. Pricing looks similar to Sherman Oaks on its face — but the regulatory profile makes them different investments. Sherman Oaks is LA City (RSO exposure for pre-1978 inventory). Glendale is not. A Glendale building and a Sherman Oaks building at the same apparent price are not on the same trajectory.
What Is My Glendale Apartment Building Worth?
Value in Glendale turns on vintage, rent-control status, your in-place rents versus market, and which buyer pool fits your building — not a single neighborhood average. Michael underwrites your specific Glendale building the way a real buyer will, then tells you what it should bring and how to get there. No obligation.
Local family offices are the most consistent buyer pool. Many have held Glendale portfolios since the 1980s or 1990s. They acquire both on- and off-market, often with less price-aggression than institutional but more reliability at close.
Institutional and PE value-add is selective — interested in deals above $5M with clean physical condition and rent roll.
1031 exchangers treat Glendale as a solid reinvestment destination, particularly for California exchangers who want to stay in LA metro but outside LA City regulatory risk.
Recent Glendale Multifamily Sales
A sample of Glendale apartment buildings Michael Sterman has closed. Each links to the full deal record.
What Makes a Glendale Building Sell Fast — or Slow
Fast: clean rent roll, documented capital improvements, no open code violations, operating statements matching tax returns, AB 1482 compliance documented. Slow: any regulatory compliance gaps (city-specific ordinances), unpermitted work, deferred capital visible at inspection. Glendale buildings that are well-prepared close in 100-130 days. Compromised ones drift longer or see price concessions.
Frequently Asked Questions About Selling Multifamily in Glendale
Does the 2026 LA City RSO rewrite affect Glendale buildings?
No. Glendale operates under its own municipal regulatory regime. LA City RSO does not apply. AB 1482 is the backstop for most Glendale multifamily.
How does Glendale compare to Sherman Oaks or Burbank?
Glendale sits near Sherman Oaks on pricing but with different regulatory exposure (Sherman Oaks is LA City RSO for pre-1978 inventory, Glendale is not). Burbank is most similar in profile — both are LA-adjacent cities with their own regulatory regimes.
Who is buying Glendale multifamily in 2026?
Primarily local family offices with long Glendale holding histories, selective institutional and PE value-add on $5M+ deals, and 1031 exchangers. Buyer pool is steady.
Should I 1031 into Glendale from my LA City RSO building?
For many sellers, yes — it's a common rebalancing move that exchanges LA City legislative risk for Glendale stability. The math depends on specific basis, trajectory, and replacement timeline. Michael Sterman is Senior Managing Director Investments at Marcus & Millichap with deep focus on Glendale, Burbank, and LA-adjacent city submarkets.— Glendale is among his most active submarkets by deal count.
Does the 2026 LA City RSO rewrite affect Glendale apartment buildings?
No. Glendale is a separate city with its own rent stabilization framework. The LA City RSO rewrite effective July 2026 applies only to LA City multifamily inventory — Glendale buildings operate under AB 1482 (no local rent control) instead, which is a separate regulatory track.
Does Measure ULA apply to Glendale sales?
No. Measure ULA is an LA City transfer tax that applies only to real estate sales within LA City limits above a specific dollar threshold. Glendale is outside LA City and is not subject to Measure ULA on sales here.
Meet Your Glendale Multifamily Expert
Michael Sterman has spent 14 years specializing exclusively in Los Angeles multifamily, closing 254 transactions worth $1.41 billion. He knows how Glendale buildings are valued, who buys them, and what it takes to get a clean deal closed here. CA DRE License #01911703.
What Owners Say About Working With Michael
★★★★★
“I highly recommend Michael Sterman and his group. I just closed escrow on a 36 unit MF which Michael obtained the buyer. Michael handled the sale and escrow process extremely professionally. I have been a MF real estate broker myself for 45 years; I know who is a pro and who is not.”
Robert Corry
Verified Google review
★★★★★
“In Los Angeles multifamily, there's a huge gap between agents who talk about deals and agents who actually understand how they work. Michael Sterman is firmly in the second camp. What sets them apart isn't just market knowledge—it's judgment. They understand rent control realities, tenant issues, expense creep, cap-ex tradeoffs, and how underwriting changes block by block in LA. They're responsive, direct, and strategic—no fluff, no wasted time. If you're serious about buying or selling multifamily in Los Angeles, you want someone like Sterman on your side.”
Michael Maltzman
Verified Google review
★★★★★
“I've worked with Michael Sterman on multiple transactions and couldn't recommend him more highly. He has sold three properties to me and has also sold a property for me. He's professional, responsive, and gets deals done efficiently. A true pro.”