Van Nuys is the LA submarket where the same quarter, the same block, and nominally similar buildings can trade at very different prices. Not because the market is confused — because Van Nuys has a bimodal buyer pool pricing two different theses on two different classes of inventory.
Selling an apartment building here? Van Nuys multifamily broker — Michael Sterman's record, comparables and process →
| Buildings closed | 12 |
| Units | 380 |
| Total volume | $62.0 million |
| Median price per unit | $172K |
| Range | $104K – $288K |
Median and range are drawn from the 12 Van Nuys 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 |
|---|---|---|---|
| 6503 Woodman Ave | 5 | $1,110,000 | 2022-01 |
| 13838 Vanowen St | 4 | $1,150,000 | 2021-05 |
| 15135 Victory Blvd | 21 | $2,750,000 | 2018-12 |
| 6535 Haskell Ave | 54 | $9,350,000 | 2018-08 |
| 7317 Haskell Ave | 48 | $9,650,000 | 2018-08 |
| 13907 Oxnard St | 50 | $10,875,000 | 2017-10 |
| 14949 Vanowen St | 30 | $5,450,000 | 2016-12 |
| 14024 Oxnard St | 44 | $7,500,000 | 2015-12 |
| 6823-6827 Hayvenhurst Ave | 10 | $1,460,000 | 2015-08 |
| 14137 Vanowen St | 39 | $4,345,000 | 2014-09 |
| 13415 Victory Boulevard | 7 | $730,000 | 2012-11 |
| 15111 Archwood Street | 68 | $7,650,000 | 2012-10 |
Van Nuys is central San Fernando Valley — dense, aging, predominantly pre-1978, LA City RSO in most cases. The submarket has the scale to attract institutional interest but the age profile to invite value-add theses. The...
Read the full seller's guide →Living in townVan Nuys is a central Valley neighborhood serving as the San Fernando Valley's administrative center, housing the Van Nuys Courthouse, Van Nuys Airport, and substantial civic infrastructure.
See the full neighborhood profile →Closings9 Sterman Multifamily Group closings in Van Nuys. See the full transaction record.
See all 9 Van Nuys closings →FAQ4 common questions about selling an apartment building in Van Nuys — answered.
Read the full FAQ →Van Nuys has the broadest Valley inventory base — every vintage, every unit size, every buyer profile. It's the working Valley multifamily submarket. Transactions happen at all price points, in all cycles.
Michael Sterman will walk through comparables, buyer pool, and timing specific to your building — no obligation, no pitch.
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