Units: 12 · Sale price: $2,920,000 · Price per unit: $243,333 · Closed: January 2026
A 12-unit mid-size multifamily property at 1442 Lucile Ave in Silverlake, sold January 2026 for $2,920,000 — approximately $243,333 per unit.
2026 opened with transaction volume on pace to exceed $7 billion and active institutional bidding across submarkets. The December 2025 RSO rewrite was beginning to reprice pre-1978 LA City inventory through the year.
Silver Lake is central-eastern LA, LA City, predominantly pre-1978 RSO inventory with strong renter demand.
Mid-size multifamily in this unit range attracts both private investors and smaller institutional buyers, particularly on value-add theses.
This transaction is part of the Sterman Multifamily Group closed archive — $1.41 billion across 254 closed transactions over fourteen years at Marcus & Millichap.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
$1.41 billion across 254 closed transactions.
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