Units: 8 · Sale price: $1,905,000 · Price per unit: $238,125 · Closed: January 2014
A 8-unit small multifamily property at 22705 Del Valle St in Woodland Hills, sold January 2014 for $1,905,000 — approximately $238,125 per unit.
2014 was an active year for LA multifamily — deepening buyer pool, increasing transaction volume, cap rates compressing steadily in core submarkets.
Woodland Hills is western Valley LA City multifamily, with a higher share of post-1978 inventory than most Valley submarkets.
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 — $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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