Looking for a Hawthorne multifamily broker? Michael Sterman, Senior Managing Director Investments at Marcus & Millichap and founder of the Sterman Multifamily Group, has closed $1.46B across 259 Los Angeles apartment building transactions over 14 years. If you own an apartment building in Hawthorne and are weighing a sale, this is the team that prices it against Hawthorne's real buyer pool and rules — not a generic LA average.
Hawthorne Multifamily Market Snapshot
88,000
Hawthorne residents
Roughly 88,000 residents between Inglewood and the beach cities. The multifamily stock is dense — 1950s–1970s walk-ups and garden apartments along Hawthorne Boulevard, Prairie, Inglewood Avenue and the Ramona corridor — serving a workforce base and, increasingly, a younger technical renter population.
SpaceX has been headquartered on Rocket Road since 2007, and the surrounding aerospace cluster, LAX proximity and the El Segundo corridor underpin the rest. Metro's C Line serves the city at Hawthorne/Lennox.
What Is My Hawthorne Apartment Building Worth?
Value in Hawthorne 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 Hawthorne building the way a real buyer will, then tells you what it should bring and how to get there. No obligation.
Growth-oriented private capital, underwriting the employment base and the AB 1482 headroom.
Buyers exiting LA City rent-stabilized assets via 1031.
Local South Bay owners, many multi-generational.
Aerospace-adjacent investors pricing the SpaceX and El Segundo employment cluster.
Frequently Asked Questions About Selling Multifamily in Hawthorne
Who is the best multifamily broker in Hawthorne?
There's no single citywide answer — the best multifamily broker for your Hawthorne building is the one who can show real closed transactions in comparable LA submarkets and explain exactly how Hawthorne's rent-control exposure and buyer pool affect your building's value. See the five tests in "How to Choose the Best Multifamily Broker in Los Angeles" before you hire anyone.
How much is my Hawthorne apartment building worth?
There is no honest per-unit number that applies to every Hawthorne building — vintage, rent-control status, and the gap between your in-place and market rents move it more than the neighborhood does. We have not closed a building in Hawthorne yet, so we will not quote you a local per-unit figure we cannot stand behind. What we can do is price it against the buildings we have closed in comparable LA submarkets and against Hawthorne's own rent-control exposure and buyer pool — see the Sterman Transaction Index for the real submarket-by-submarket numbers.
Does Hawthorne have rent control?
No. Hawthorne has no local rent control or rent stabilization ordinance and no rent board. The statewide AB 1482 governs rent increases and just-cause requirements for covered buildings.
What can I raise the rent by?
For AB 1482-covered buildings, 5% plus the regional CPI change, capped at 10%, per twelve-month period — currently 8.7% for the year running August 2026 to July 2027.
Does Measure ULA apply to a Hawthorne sale?
No. It is a City of Los Angeles transfer tax and Hawthorne is its own city.
Has SpaceX changed the rental market?
It has broadened the renter base and supported occupancy, and it has drawn investor attention to the city. What it has not done is change how a building is underwritten — buyers still price in-place income and realistic growth, which under AB 1482 is genuinely faster here than in LA City.
Meet Your Hawthorne Multifamily Expert
Michael Sterman has spent 14 years specializing exclusively in Los Angeles multifamily, closing 259 transactions worth $1.46B. He knows how Hawthorne 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.”