Sterman Multifamily Group has closed 13 multifamily buildings in Palms — 337 units, $97.7 million in total volume. Across those closings the median came to $297K per unit, with the range running $237K to $424K depending on vintage, in-place rents, and condition. The deals below are a sample of that record; the full price-per-unit breakdown across every LA submarket is in the Sterman Transaction Index.
Considering a sale in Palms? See selling an apartment building in Palms for how a record like this informs pricing, the buyer pool, and timing for your building — or request a conversation for an honest read on what yours would bring today.
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