Units: 27 · Sale price: $8,017,500 · Price per unit: $296,944 · Closed: August 2024
A 27-unit mid-size multifamily property at 2101 Vine St in Alhambra, sold August 2024 for $8,017,500 — approximately $296,944 per unit.
2024 LA multifamily began the recovery — transaction volume rebuilt toward $6.9B, institutional capital returned to active bidding, cap rates stabilized.
Alhambra is San Gabriel Valley multifamily with its own municipal regulatory profile separate from LA City.
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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