Looking for a Valley Village multifamily broker? Michael Sterman, Senior Managing Director Investments at Marcus & Millichap and founder of the Sterman Multifamily Group, has closed $1.41 billion across 254 Los Angeles apartment building transactions over 14 years — including 4 in Valley Village alone. If you own an apartment building in Valley Village and are weighing a sale, this is the team that prices it against Valley Village's real buyer pool and rules — not a generic LA average.
Valley Village Multifamily Market Snapshot
4
Sterman closings in Valley Village
81
Units sold here
2018
Most recent closing
Valley Village is a boutique pocket of the central San Fernando Valley, bordered by North Hollywood and Studio City. Its multifamily inventory trades on a specific combination of tree-lined residential character, proximity to both NoHo's arts-and-transit infrastructure and Studio City's commercial density, and an unusual concentration of mid-century courtyard inventory in well-maintained condition.
Valley Village sits at a pricing tier between Studio City (higher) and North Hollywood (lower) on comparable inventory. That positioning is meaningful for sellers: buyers sometimes model Valley Village as a "discount Studio City" and price accordingly, or as a "premium NoHo" and price from that angle. The right framing for a specific building depends on which side of Valley Village the building sits on.
Valley Village has a notable concentration of well-preserved mid-century courtyard apartments. These are architecturally distinct, often well-maintained, and valued by buyer pools that appreciate the form. That inventory trades to a slightly narrower but more price-committed buyer pool than generic Valley multifamily.
What Is My Valley Village Apartment Building Worth?
Value in Valley Village 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 Valley Village building the way a real buyer will, then tells you what it should bring and how to get there. No obligation.
Local Valley operators, 1031 exchangers rebalancing from larger LA City submarkets, family offices with multi-generational Valley portfolios, and institutional capital on larger assets. The mid-century courtyard segment attracts some specialized architecturally-focused capital.
Recent Valley Village Multifamily Sales
A sample of Valley Village apartment buildings Michael Sterman has closed. Each links to the full deal record.
Frequently Asked Questions About Selling Multifamily in Valley Village
Does the 2026 LA City RSO rewrite affect Valley Village apartment buildings?
Yes. Valley Village is within the City of Los Angeles, so pre-1978 multifamily buildings here are subject to LA City RSO — including the rewrite approved by City Council in December 2025, which takes effect July 1, 2026. Post-1995 inventory in Valley Village is Costa-Hawkins exempt and not affected by the rewrite.
Does Measure ULA apply to Valley Village sales?
Valley Village is within the City of Los Angeles, so Measure ULA applies to real estate sales above the specified threshold. The Measure ULA thresholds and rates have been revised since the original April 2023 enactment — current figures should be verified against LA City documentation before any pre-listing net-proceeds model is finalized.
What rent control regime applies in Valley Village?
Valley Village is LA City, which means pre-1978 multifamily is RSO-covered and subject to the December 2025 RSO rewrite (effective July 1, 2026). Post-1995 construction is exempt from LA City RSO under the Costa-Hawkins Rental Housing Act and operates under AB 1482 instead.
Who actually buys multifamily in Valley Village?
The Valley Village buyer pool includes local Valley operators (often off-market), selective institutional and private equity on larger assets, 1031 exchangers, and family offices with multi-generational Valley portfolios. Each buyer type prices differently, so the right marketing approach depends on which pool best matches the specific building's profile.
How long does a typical Valley Village multifamily sale take to close?
A typical well-prepared Valley Village multifamily transaction closes in 45-90 days from purchase agreement to close — cash deals on the faster end (roughly 21-45 days), financed deals on the longer end (60-90 days). Pre-listing preparation (clean rent roll, compliance verified, permits documented) is the single biggest determinant of timeline.
What holding period do Valley Village buyers typically underwrite?
Institutional and private equity buyers in Valley Village typically underwrite 5-10 year hold periods. Local operators and family offices often hold indefinitely — 15+ years is common. 1031 exchangers align holds with their broader portfolio strategy.
Meet Your Valley Village Multifamily Expert
Michael Sterman has spent 14 years specializing exclusively in Los Angeles multifamily, closing 254 transactions worth $1.41 billion. He knows how Valley Village 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.”