Units: 5 · Sale price: $1,800,000 · Price per unit: $360,000 · Closed: July 2022
A 5-unit small multifamily property at 4013 Alla Rd in Mar Vista, sold July 2022 for $1,800,000 — approximately $360,000 per unit.
2022 LA multifamily held at peak pricing through mid-year, then began the rate-driven cap rate expansion that would define 2023.
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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