Units: 8 · Sale price: $4,525,000 · Price per unit: $565,625 · Closed: July 2019
A 8-unit small multifamily property at 1700 Malcolm Ave in West Los Angeles, sold July 2019 for $4,525,000 — approximately $565,625 per unit.
2019 LA multifamily held at peak-cycle pricing. Late-cycle discipline was visible in buyer underwriting, particularly on assets requiring active management.
West LA is a core institutional hold for LA multifamily. Mixed building ages — pre-1978 RSO alongside post-1995 Costa-Hawkins exempt inventory.
Small multifamily properties in this range trade primarily among private investors, family offices, and 1031 exchangers.
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
This building has appeared in the archive 2 times. See the full transaction history for 1700 Malcolm Ave, West Los Angeles.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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