Press & Media — Michael Sterman, Sterman Multifamily Group

Updated April 17, 2026

For journalists, producers, and editorial teams covering Los Angeles multifamily real estate, rent control legislation, investment sales, and the 1031 exchange market.

Expertise — where Michael speaks authoritatively

Topic	Depth
LA multifamily market conditions	Fourteen years across 14 LA submarkets
LA City RSO (2026 rewrite, historical formula, valuation impact)	Deep — operates primarily on RSO-covered inventory
AB 1482 and California statewide rent control	Deep
Costa-Hawkins Rental Housing Act	Deep — including repeal-attempt history and 2024 Prop 33 outcome
LA County RSTPO	Deep
1031 exchange strategy and mechanics	Deep — guides clients through several hundred exchanges
Prop 13 basis mechanics at sale	Deep
Institutional versus 1031 versus family-office buyer dynamics	Deep
Pre-1978 vs. post-1995 valuation divergence	Deep — this is the defining structural story of 2024–2026

Sample editorial angles

Each of these is a story that LA multifamily reporters have not yet covered well, based on a 2026 competitive-coverage review. Michael can provide quotes, data, and named submarket examples.

• "The two asset classes hiding inside LA multifamily" — Post-1995 Costa-Hawkins premium vs. pre-1978 RSO-constrained inventory. How did we get here and what does it mean for 50 years of LA owners?
• "The RSO rewrite that most owners haven't modeled" — December 2025 LA City Council vote. Effective July 2026. What it actually does to cash flow and sale price.
• "LA County is now tighter than LA City" — Historical inversion. Buildings six miles apart, different futures.
• "The 1031 exchanges that fail in the first thirty days" — Why sellers lose the deferral before they've started looking.
• "What the 2025 transaction recovery tells us — and doesn't" — Volume is back. Pricing is not. Why those two trends often don't move together.

Fast facts — for editorial research

• Michael Sterman joined Marcus & Millichap in 2011 after graduating UCSB (Economics and Accounting).
• Fourteen years at the same firm. Never switched.
• Operates across 14 LA submarkets. Core expertise: Koreatown, Hollywood, West LA, Mar Vista, San Fernando Valley.
• Based in Marcus & Millichap's Encino office.

Availability

Michael is available for:

• Phone or video interviews — 24 hours notice preferred; same-day for breaking legislation coverage
• On-record quotes — email-response turnaround typically within 24 hours
• Data requests — Marcus & Millichap internal transaction data can be summarized on a non-attributed or attributed basis depending on the story
• Background briefings — off-record conversations to orient a reporter on LA multifamily before a larger piece
• Podcast and long-form interviews — by scheduling

Contact

Channel	Contact
Press email	michael.sterman@marcusmillichap.com
Direct phone	818-212-2784
LinkedIn	linkedin.com/in/michael-sterman-19198491

Selected coverage

Independent, third-party reporting on Michael's transactions. Each entry links to the original publication, not to a page on this site.

Yield PRO — "Marcus & Millichap Arranges $9.5M Sale of 27-Unit Multifamily Property in Santa Monica, California", 29 July 2026. Michael quoted on the sale of 1117 6th St, a 27-unit 1971 building six blocks from the beach, at $351,852 per unit: "Transactions involving larger apartment communities in Santa Monica remain relatively uncommon because of the city's limited inventory, restrictive rent regulations and high barriers to entry." Read it

Traded — Michael maintains a verified broker profile on Traded, the commercial real estate transaction platform, where his closings are indexed and tallied independently of this site: $317 million across 40 closed deals since August 2022, covering 953,000 square feet. Traded tracks the transaction record directly rather than reproducing a broker's own figure. View the profile

Commercial Observer — Michael's transactions appear under his author tag.

Michael's full closed record — every building, with address, unit count, price and closing month — is published at /closed-deals and aggregated by submarket in the Sterman Transaction Index. Reporters are welcome to verify any figure against county records.

For editorial pieces featuring Michael as a source, contact michael.sterman@marcusmillichap.com.

Recent expert commentary

A running file of Michael's stated positions on LA multifamily market conditions lives at /expert-quotes. Each quote is cleared for attribution.

Headshot and bio package

• High-resolution headshot: PENDING — Michael to supply CDN URL
• Short bio (50 words): see below
• Medium bio (150 words): see submission-package.md
• Long bio (400 words): see /about-michael-sterman

Short bio (50 words)

Michael Sterman is Senior Managing Director Investments at Marcus & Millichap in Los Angeles. He has specialized exclusively in LA multifamily transactions since 2011, operating across 14 LA submarkets. He is based in the firm's Encino office.

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This page is maintained by Sterman Multifamily Group. For corrections or updates, email michael.sterman@marcusmillichap.com.