Pacoima does not get the attention Koreatown or Hollywood get in multifamily conversations, and that is exactly why the buildings that trade here reward the sellers who understand the submarket instead of guessing at it. I have closed four buildings in Pacoima since 2012 — 282 units, $44.2 million — and the pattern across all four is the same: this is workforce-housing multifamily in the northeast San Fernando Valley, and the buyers who compete for it are not the same buyers competing for a Westside deal.
Selling an apartment building here? Pacoima multifamily broker — Michael Sterman's record, comparables and process →
| Buildings closed | 4 |
| Units | 282 |
| Total volume | $44.2 million |
| Median price per unit | $154K |
| Range | $128K – $178K |
Median and range are drawn from the 4 Pacoima buildings in the Sterman Transaction Index — Michael Sterman's own closed book, not a market-wide estimate. Per-unit pricing tracks building size as much as location, so compare against buildings of similar unit count rather than against the submarket average.
| Address | Units | Price | Closed |
|---|---|---|---|
| 12747 Mercer St | 68 | $8,726,000 | 2016-02 |
| 12569 Van Nuys Blvd | 62 | $10,950,000 | 2015-11 |
| 12711 Branford St | 100 | $17,750,000 | 2015-07 |
| 12320-12332 Osborne Place | 52 | $6,800,000 | 2012-12 |
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 buildi...
Read the full seller's guide →Living in townPacoima is a dense, working-class neighborhood in the northeast San Fernando Valley, one of the oldest communities in the Valley. About seven square miles, built out as the Valley suburbanized after World War II — a bedr...
See the full neighborhood profile →Closings4 Sterman Multifamily Group closings in Pacoima. See the full transaction record.
See all 4 Pacoima closings →FAQ3 common questions about selling an apartment building in Pacoima — answered.
Read the full FAQ →Pacoima is workforce-housing multifamily, not a story submarket. The buyers who compete for it are underwriting real in-place cash flow against real operating costs on older Valley stock, not paying for a narrative. That discipline is exactly why the four buildings I've closed here since 2012 traded in a tight, honest price-per-unit range instead of a wide one.
Michael Sterman will walk through comparables, buyer pool, and timing specific to your building — no obligation, no pitch.
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