Looking for a North Hollywood 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 11 in North Hollywood alone. If you own an apartment building in North Hollywood and are weighing a sale, this is the team that prices it against North Hollywood's real buyer pool and rules — not a generic LA average.
North Hollywood is central Valley floor, transit-proximate via the Red Line, and has anchored much of the Valley's new apartment development since 2018. The result is a mixed inventory: substantial pre-1978 LA City RSO stock, meaningful 1980s and 1990s inventory, and a growing post-1995 cohort. Tenant demand is strong across the mix. Rent growth is constrained by regulatory regime on the older stock but more durable on newer inventory.
Price per unit runs $275,000 to $375,000. Days on market average 100 to 160 days on clean transactions. Vintage is the dominant pricing variable. Post-1995 Costa-Hawkins exempt trades tightest. Mid-vintage 1978-1994 (AB 1482 only) sits in the middle. Pre-1978 LA City RSO trades wider — and the pre-1978 gap is expanding in 2026. Buyer underwriting in 2026 explicitly distinguishes these three cohorts. Pricing your NoHo building against the wrong vintage comp is how sellers mis-price.
Value in North Hollywood 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 Hollywood building the way a real buyer will, then tells you what it should bring and how to get there. No obligation.
Request a Free North Hollywood Building Evaluation →Institutional PE value-add is active on pre-1978 with rent capture thesis and on stabilized post-1995. Disciplined underwriting; clean diligence preferred.
1031 exchangers are steady on all vintages, especially post-1995 stabilized.
Local family offices and Valley operators are consistent off-market buyers, particularly on pre-1978 where relationships with existing tenants matter for the operational handoff.
A sample of North Hollywood apartment buildings Michael Sterman has closed. Each links to the full deal record.
| Address | Units | Price | Closed |
|---|---|---|---|
| 5712 Camellia Ave | 14 | $3,800,000 | 2026-09 |
| 10833-10835 Camarillo St | 8 | $2,900,000 | 2025-09 |
| 10933 Huston St | 40 | $13,175,000 | 2025-01 |
| 10833 Camarillo St | 8 | $2,900,000 | 2024-09 |
| 11500 Riverside Dr | 5 | $1,450,000 | 2023-09 |
| 5237 Willowcrest Ave | 5 | $2,450,000 | 2016-10 |
| 11840 Kittridge St | 46 | $8,575,000 | 2016-07 |
| 5328 Harmony Dr | 15 | $2,855,000 | 2014-09 |
| 5250 Denny Ave | 15 | $2,955,000 | 2014-09 |
| 11307 Morrison St | 29 | $6,520,000 | 2013-12 |
| 5229 Satsuma Avenue | 6 | $740,000 | 2012-10 |
Computed from this desk’s own closed record in North Hollywood, 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 11 closings the median is $271,429 per unit.
| Building size | Closings | Median per unit | Range per unit |
|---|---|---|---|
| 4–10 units | 5 | $362,500 | $123,333 – $490,000 |
| 11–25 units | 3 | $197,000 | $190,333 – $271,429 |
| 26–50 units | 3 | $224,828 | $186,413 – $329,375 |
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 against tax returns, RSO registration current (for pre-1978), capital improvements documented, estoppels in hand, no unpermitted work. Slow: unpermitted ADUs (common in older NoHo), registration gaps, contested tenant occupancy, or capital work that surfaces at inspection. NoHo buildings prepared well close in 100-120 days. Buildings with unresolved compliance issues drift or concede.
Michael Sterman has spent 14 years specializing exclusively in Los Angeles multifamily, closing 248 transactions worth $1.38B. He knows how North Hollywood 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 North Hollywood building actually gets valued.
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