Units: 26 · Sale price: $4,900,000 · Price per unit: $188,461 · Closed: September 2013
A 26-unit mid-size multifamily property at 19951 Roscoe Blvd in Winnetka, sold September 2013 for $4,900,000 — approximately $188,461 per unit.
2013 was early in the sustained LA multifamily expansion that would run through 2022. Transaction activity was climbing; buyer pool was broadening quarter over quarter.
Winnetka is western Valley LA City, similar profile to Reseda and Canoga Park on the pricing spectrum.
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 — over fourteen years at Marcus & Millichap.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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