Looking for a Pacoima 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 4 in Pacoima alone. If you own an apartment building in Pacoima and are weighing a sale, this is the team that prices it against Pacoima's real buyer pool and rules — not a generic LA average.
Pacoima Multifamily Market Snapshot
4
Sterman closings in Pacoima
282
Units sold here
2016
Most recent closing
Pacoima is one of the oldest neighborhoods in the San Fernando Valley, built out as the Valley suburbanized in the postwar decades. That means most of the multifamily stock here is older construction — the kind of building that, in Los Angeles, usually falls under the LA City Rent Stabilization Ordinance if it was standing before 1978. If you own a Pacoima building, start from the assumption that RSO applies and confirm from there; do not assume you are exempt. The submarket's buyer pool is disciplined about this. They are not paying Westside multipliers for Pacoima cash flow, and a seller who prices as if they are will sit on the market.
What Is My Pacoima Apartment Building Worth?
Value in Pacoima 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 Pacoima building the way a real buyer will, then tells you what it should bring and how to get there. No obligation.
The buyer pool for Pacoima multifamily skews toward operators who already know the northeast Valley — value-add investors comfortable with an older rent roll and a hands-on management model, and 1031 exchangers looking for basis-efficient replacement property outside the higher-per-unit-cost core submarkets. These are not buyers chasing appreciation on a story; they are buyers underwriting real in-place cash flow against real operating costs, which is why a clean rent roll and honest deferred-maintenance disclosure matter more here than a glossy marketing package.
Recent Pacoima Multifamily Sales
A sample of Pacoima apartment buildings Michael Sterman has closed. Each links to the full deal record.
Frequently Asked Questions About Selling Multifamily in Pacoima
Who is the best multifamily broker in Pacoima?
There's no single citywide answer — the best multifamily broker for your Pacoima building is the one who has closed comparable buildings in Pacoima recently and can prove it. Michael Sterman has closed 4 multifamily buildings in Pacoima, 282 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 Pacoima covered by LA rent control?
Most likely, if the building was constructed before 1978 — which describes a large share of Pacoima's multifamily stock, built out during the Valley's postwar suburbanization. Confirm your building's specific status; do not assume either way.
What do apartment buildings actually sell for in Pacoima?
Across the four Sterman Multifamily Group closings in Pacoima (2012-2016), the median price per unit was $154K, ranging $128K to $178K depending on vintage and condition. The full breakdown is in the Sterman Transaction Index.
Who buys multifamily buildings in Pacoima?
Primarily value-add operators experienced with older Valley rent rolls, and 1031 exchangers seeking basis-efficient replacement property outside the higher-cost core submarkets — buyers underwriting real cash flow, not chasing a citywide appreciation story.
Does the 2026 LA City RSO rewrite affect Pacoima apartment buildings?
Likely yes for older buildings. Pacoima is within the City of Los Angeles, and much of its multifamily stock dates to the Valley's postwar 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 specific building's construction date and coverage status rather than assuming.
What do apartment buildings sell for in Pacoima?
Across the four Sterman Multifamily Group closings in Pacoima (2012-2016, 52 to 100 units each), the median price per unit was $154K, ranging $128K to $178K. Full detail is in the Sterman Transaction Index.
Meet Your Pacoima Multifamily Expert
Michael Sterman has spent 14 years specializing exclusively in Los Angeles multifamily, closing 259 transactions worth $1.46B. He knows how Pacoima 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.”