Units: 6 · Sale price: $2,125,000 · Price per unit: $354,166 · Closed: August 2021
A 6-unit small multifamily property at 3201 S Barrington Ave in Mar Vista, sold August 2021 for $2,125,000 — approximately $354,166 per unit.
2021 was LA multifamily's cyclical peak. Cap rates compressed aggressively across submarkets. Transaction volume reached approximately 1,200 deals — the highest in over a decade.
Mar Vista is Westside-adjacent LA multifamily. Pre-1978 LA City RSO exposure with a demographic demand profile approaching the Westside premium 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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