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 $1.41 billion across 254 Los Angeles apartment building transactions over 14 years — including 9 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 Multifamily Market Snapshot
80,000
North Hollywood residents
9
Sterman closings in North Hollywood
169
Units sold here
2025
Most recent closing
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.
What Is My North Hollywood Apartment Building Worth?
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.
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.
Recent North Hollywood Multifamily Sales
A sample of North Hollywood apartment buildings Michael Sterman has closed. Each links to the full deal record.
What Makes a North Hollywood Building Sell Fast — or Slow
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.
Frequently Asked Questions About Selling Multifamily in North Hollywood
Does the 2026 LA City RSO rewrite affect North Hollywood buildings?
Yes, for pre-1978 inventory. Post-1995 buildings are Costa-Hawkins exempt and unaffected by the formula change.
How does new construction affect pricing for existing NoHo buildings?
Roughly 1,000 units of new supply expected in 2026 pressures rent growth on stabilized pre-1978 inventory competing for the same tenants. Post-1995 inventory is largely unaffected.
Who is buying North Hollywood multifamily in 2026?
Institutional PE value-add on pre-1978 with upside and stabilized post-1995. 1031 exchangers on stabilized all vintages. Local family offices off-market on pre-1978 relationship deals.
Should I sell my NoHo building before or after the new construction delivers?
For pre-1978, before — the supply pressure shows up as a rent growth headwind in buyer underwriting starting mid-2026. For post-1995, the new supply is less of a factor; list when other sell-side variables align. Michael Sterman is Senior Managing Director Investments at Marcus & Millichap with deep focus on North Hollywood, Sherman Oaks, Toluca Lake, and central Valley submarkets.
Does the 2026 LA City RSO rewrite affect North Hollywood apartment buildings?
Yes. North Hollywood is within the City of Los Angeles, so pre-1978 multifamily buildings here are subject to LA City RSO — including the rewrite approved by City Council in December 2025, which takes effect July 1, 2026. Post-1995 inventory in North Hollywood is Costa-Hawkins exempt and not affected by the rewrite.
Does Measure ULA apply to North Hollywood sales?
North Hollywood is within the City of Los Angeles, so Measure ULA applies to real estate sales above the specified threshold. The Measure ULA thresholds and rates have been revised since the original April 2023 enactment — current figures should be verified against LA City documentation before any pre-listing net-proceeds model is finalized.
Meet Your North Hollywood Multifamily Expert
Michael Sterman has spent 14 years specializing exclusively in Los Angeles multifamily, closing 254 transactions worth $1.41 billion. 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.
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.”