Looking for a Glendale multifamily broker? Michael Sterman, Senior Managing Director Investments at Marcus & Millichap and founder of the Sterman Multifamily Group, has closed $1.38B across 248 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 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.
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.
Request a Free Glendale Building Evaluation →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.
A sample of Glendale apartment buildings Michael Sterman has closed. Each links to the full deal record.
| Address | Units | Price | Closed |
|---|---|---|---|
| 1113 Linden Ave | 5 | $1,425,000 | 2025-12 |
| 1623 Victory Blvd | 20 | $4,950,000 | 2025-05 |
| 1134 E Doran St | 8 | $2,075,000 | 2025-05 |
| 1228 Mariposa St | 7 | $1,900,000 | 2024-11 |
| 330 Langley St | 7 | $1,700,000 | 2024-10 |
| 1117-1119 Linden Ave | 17 | $6,100,000 | 2023-08 |
| 615 S Glendale Ave | 27 | $2,925,000 | 2015-06 |
| 1355 Hilda Ave | 7 | $2,100,000 | 2014-12 |
| 1345 Hilda Ave | 9 | $2,325,000 | 2014-12 |
| 3250 Fairesta St | 92 | $24,250,000 | 2014-07 |
| 1036 Linden Ave | 6 | $1,325,000 | 2014-04 |
| 234 West Fairview Avenue | 19 | $4,520,000 | 2012-04 |
Computed from this desk’s own closed record in Glendale, not from a market report. Price per unit falls as buildings get larger, so comparing a six-unit building to a forty-unit building on price per door compares two different products — which is why this is banded by size rather than given as a single number. Across all 12 closings the median is $258,854 per unit.
| Building size | Closings | Median per unit | Range per unit |
|---|---|---|---|
| 4–10 units | 7 | $259,375 | $220,833 – $300,000 |
| 11–25 units | 3 | $247,500 | $237,895 – $358,824 |
| 26–50 units | 1 | $108,333 (one sale, not a median) | — |
| 51+ units | 1 | $263,587 (one sale, not a median) | — |
How these figures are calculated, and what we do not claim →
The ten Los Angeles submarkets this desk has closed the most buildings in, on our own transactions rather than a published index. Top to bottom the median per door runs close to four times — which is why a citywide per-unit figure is close to useless for pricing a specific building.
| Submarket | Buildings | Units | Median per unit | Size range |
|---|---|---|---|---|
| Hollywood | 24 | 562 | $282,589 | 3–75 |
| Koreatown | 21 | 465 | $158,958 | 4–96 |
| West Hollywood | 21 | 206 | $354,286 | 2–22 |
| Sherman Oaks | 17 | 349 | $237,708 | 6–47 |
| Palms | 13 | 337 | $296,875 | 7–118 |
| Glendale | 12 | 224 | $258,854 | 5–92 |
| Van Nuys | 12 | 380 | $171,801 | 4–68 |
| North Hollywood | 11 | 191 | $271,429 | 5–46 |
| Reseda | 8 | 506 | $156,639 | 10–138 |
| Santa Monica | 8 | 100 | $616,667 | 3–27 |
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.
Michael Sterman has spent 14 years specializing exclusively in Los Angeles multifamily, closing 248 transactions worth $1.38B. 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.
Michael sells across all of Los Angeles — see the citywide multifamily broker overview for the full closed record and median price per unit in every submarket, or read how much your LA apartment building is worth for how a Glendale building actually gets valued.
Thinking about selling? Get a no-obligation evaluation on your building.
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