Looking for a West Los Angeles multifamily broker? Michael Sterman, Senior Managing Director Investments at Marcus & Millichap and founder of the Sterman Multifamily Group, has closed $1.38B across 248 Los Angeles apartment building transactions over 14 years — including 7 in West Los Angeles alone. If you own an apartment building in West Los Angeles and are weighing a sale, this is the team that prices it against West Los Angeles's real buyer pool and rules — not a generic LA average.
West LA is institutional-grade multifamily territory — demographics that rent at the top of the LA market, proximity to UCLA and employment corridors, transit access, and the kind of location premium that keeps pricing stable across cycles. Building-age mix is unusually balanced for an LA submarket. Substantial pre-1978 LA City RSO stock. Meaningful 1980s and early 1990s inventory (AB 1482 only). A growing post-1995 cohort that has become the submarket's pricing leader. Buyer pool is deep: institutional capital, private family offices, 1031 exchangers, and high-net-worth individual buyers all active.
Price per unit runs $425,000 to $600,000. Days on market average 75 to 120 days on clean deals. Vintage is the dominant pricing variable. Post-1995 Costa-Hawkins exempt trades tightest, mid-vintage 1978-1994 sits in the middle, and pre-1978 LA City RSO trades wider — and that pre-1978 gap is expanding in 2026. Buyer underwriting is explicit about vintage. Listing a pre-1978 West LA building at post-1995 pricing is how sellers leave the market with no offer.
Value in West Los Angeles 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 West Los Angeles building the way a real buyer will, then tells you what it should bring and how to get there. No obligation.
Request a Free West Los Angeles Building Evaluation →Institutional capital is most active on post-1995 stabilized inventory and on pre-1978 with Westside demographic upside. Pay tight pricing on clean deals.
Private family offices with existing Westside portfolios acquire regularly, often off-market.
1031 exchangers from across California target West LA as a premium reinvestment. Strong pricing, reliable closes.
High-net-worth individual buyers and syndicated groups target smaller properties (under $5M) with trust and estate-planning motivations.
A sample of West Los Angeles apartment buildings Michael Sterman has closed. Each links to the full deal record.
| Address | Units | Price | Closed |
|---|---|---|---|
| 10793 Ohio Ave | 7 | $3,500,000 | 2022-11 |
| 1700 Malcolm Ave | 8 | $5,125,000 | 2022-04 |
| 4320 Centinela Ave | 15 | $7,725,000 | 2021-09 |
| 1700 Malcolm Ave | 8 | $4,525,000 | 2019-07 |
| 1600 Camden Ave | 8 | $4,808,000 | 2019-02 |
| 2110 S Bentley Ave | 16 | $9,350,000 | 2016-08 |
Computed from this desk’s own closed record in West Los Angeles, not from a market report. Price per unit falls as buildings get larger, so comparing a six-unit building to a forty-unit building on price per door compares two different products — which is why this is banded by size rather than given as a single number. Across all 6 closings the median is $575,000 per unit.
| Building size | Closings | Median per unit | Range per unit |
|---|---|---|---|
| 4–10 units | 4 | $583,312 | $500,000 – $640,625 |
| 11–25 units | 2 | $549,688 | $515,000 – $584,375 |
How these figures are calculated, and what we do not claim →
Fast: clean rent roll, documented capital improvements, current LA City RSO registration (for pre-1978), Westside-appropriate marketing materials, operating statements matching tax returns. Slow: undocumented rent history, RSO compliance gaps, deferred capital visible at inspection, or ambiguous long-tenured occupancies. West LA preparation tolerances are tighter than other LA submarkets because institutional buyers are most active here. The tolerance for sloppy documentation is low; the reward for meticulous preparation is meaningfully stronger pricing at close.
Michael Sterman has spent 14 years specializing exclusively in Los Angeles multifamily, closing 248 transactions worth $1.38B. He knows how West Los Angeles buildings are valued, who buys them, and what it takes to get a clean deal closed here. CA DRE License #01911703.
Michael sells across all of Los Angeles — see the citywide multifamily broker overview for the full closed record and median price per unit in every submarket, or read how much your LA apartment building is worth for how a West Los Angeles building actually gets valued.
Thinking about selling? Get a no-obligation evaluation on your building.
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