Looking for a North Hills 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 — including 2 in North Hills alone. If you own an apartment building in North Hills and are weighing a sale, this is the team that prices it against North Hills's real buyer pool and rules — not a generic LA average.
North Hills Multifamily Market Snapshot
53,000
North Hills residents
2
Sterman closings in North Hills
57
Units sold here
2014
Most recent closing
North Hills is a central San Fernando Valley neighborhood built out in the postwar decades — originally an agricultural community, then developed as the suburb of Sepulveda, renamed North Hills in 1991. Most of the multifamily stock here dates to that era, which means the same starting assumption applies as in most older Valley neighborhoods: confirm whether LA City RSO covers your specific building before you price it, rather than assuming either way.
What Is My North Hills Apartment Building Worth?
Value in North Hills 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 North Hills building the way a real buyer will, then tells you what it should bring and how to get there. No obligation.
The buyer pool here skews toward value-add operators and local investors comfortable with older Valley rent rolls and a hands-on management approach — the same kind of disciplined, cash-flow-focused buyer active in Pacoima, Winnetka, and similar working Valley submarkets, rather than institutional capital chasing a growth story.
Recent North Hills Multifamily Sales
A sample of North Hills apartment buildings Michael Sterman has closed. Each links to the full deal record.
Frequently Asked Questions About Selling Multifamily in North Hills
Who is the best multifamily broker in North Hills?
There's no single citywide answer — the best multifamily broker for your North Hills building is the one who has closed comparable buildings in North Hills recently and can prove it. Michael Sterman has closed 2 multifamily buildings in North Hills, 57 units, as part of $1.46B across 259 LA transactions overall. Verify any broker's track record with the five tests in "How to Choose the Best Multifamily Broker in Los Angeles."
Is multifamily property in North Hills covered by LA rent control?
Likely, if the building predates 1978 — much of North Hills' stock dates to the postwar Sepulveda-era buildout. Confirm your specific building's construction date.
What do apartment buildings sell for in North Hills?
Across the two Sterman Multifamily Group closings in North Hills (2013-2014, 25 and 32 units), price per unit ran $102K to $116K.
Does the 2026 LA City RSO rewrite affect North Hills apartment buildings?
Likely yes for older buildings. North Hills is within the City of Los Angeles, and much of its multifamily stock dates to the postwar Sepulveda-era buildout, which typically means pre-1978 construction covered by LA City RSO — including the rewrite approved by City Council in December 2025, effective July 1, 2026. Confirm your building's specific construction date.
Meet Your North Hills Multifamily Expert
Michael Sterman has spent 14 years specializing exclusively in Los Angeles multifamily, closing 259 transactions worth $1.46B. He knows how North Hills 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.”