Units: 12 · Sale price: $3,000,000 · Price per unit: $250,000 · Closed: April 2020
A 12-unit mid-size multifamily property at 20537, 20549, 20557 Roscoe Blvd in Winnetka, sold April 2020 for $3,000,000 — approximately $250,000 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.
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 — $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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