Units: 16 · Sale price: $6,150,000 · Price per unit: $384,375 · Closed: July 2020
A 16-unit mid-size multifamily property at 2030 Ivar Ave in Hollywood, sold July 2020 for $6,150,000 — approximately $384,375 per unit.
2020 LA multifamily absorbed a Q2 COVID shock and recovered through H2. Pricing held for stabilized inventory; transaction volume returned by year-end.
Hollywood is one of the most-demanded mid-city LA submarkets, with deep institutional interest and a predominantly pre-1978 building mix that now falls under the revised LA City RSO.
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.
This building has appeared in the archive 2 times. See the full transaction history for 2030 Ivar Ave, Hollywood.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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