Looking for a Torrance 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. If you own an apartment building in Torrance and are weighing a sale, this is the team that prices it against Torrance's real buyer pool and rules — not a generic LA average.
Torrance Multifamily Market Snapshot
145,000
Torrance residents
Roughly 145,000 residents across a large slice of the South Bay, from the industrial edge near Carson to the beach-adjacent Hollywood Riviera. Multifamily concentrates in Old Torrance, along Sepulveda and Hawthorne Boulevard, and the Anza corridor — largely 1950s–1980s garden apartments and walk-ups, with a meaningful share of post-1978 product.
The employment base is unusually broad for a city this size: Honda's North American operations, Torrance Memorial, aerospace and defence suppliers, the refinery, and Del Amo. Torrance Unified is genuinely a demand driver — families rent here for the schools.
What Is My Torrance Apartment Building Worth?
Value in Torrance 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 Torrance building the way a real buyer will, then tells you what it should bring and how to get there. No obligation.
South Bay private capital, often owner-operators with several buildings locally.
Buyers deliberately avoiding LA City, for whom the AB 1482 ceiling and the ULA exemption are the entire thesis.
1031 buyers trading out of rent-stabilized LA City assets into something whose income is not capped at 3%.
Institutional interest at the larger end, drawn by the employment base and school district.
Frequently Asked Questions About Selling Multifamily in Torrance
Who is the best multifamily broker in Torrance?
There's no single citywide answer — the best multifamily broker for your Torrance building is the one who can show real closed transactions in comparable LA submarkets and explain exactly how Torrance's rent-control exposure and buyer pool affect your building's value. See the five tests in "How to Choose the Best Multifamily Broker in Los Angeles" before you hire anyone.
How much is my Torrance apartment building worth?
There is no honest per-unit number that applies to every Torrance building — vintage, rent-control status, and the gap between your in-place and market rents move it more than the neighborhood does. We have not closed a building in Torrance yet, so we will not quote you a local per-unit figure we cannot stand behind. What we can do is price it against the buildings we have closed in comparable LA submarkets and against Torrance's own rent-control exposure and buyer pool — see the Sterman Transaction Index for the real submarket-by-submarket numbers.
Does Torrance have rent control?
No. Torrance has not enacted a local rent control or rent stabilization ordinance. The statewide Tenant Protection Act, AB 1482, governs rent increases and just-cause requirements for covered buildings.
What can I raise the rent by in Torrance?
For buildings covered by AB 1482, 5% plus the regional CPI change, capped at 10%, in a twelve-month period — currently 8.7% for increases effective August 2026 through July 2027. Confirm the figure in force before serving notice.
Does Measure ULA apply to a Torrance sale?
No. Measure ULA is a City of Los Angeles transfer tax and Torrance is its own city.
Why do Torrance buildings price differently from LA City buildings?
Because their income can grow faster. An AB 1482 cap of 5% plus CPI is materially looser than the LA City RSO's 3%, and buyers capitalise the difference. The absence of Measure ULA adds to the seller's net on larger transactions.
Meet Your Torrance Multifamily Expert
Michael Sterman has spent 14 years specializing exclusively in Los Angeles multifamily, closing 259 transactions worth $1.46B. He knows how Torrance 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.”