Units: 0 · Sale price: $5,300,000 · Price per unit: $0 · Closed: June 2018
A 0-unit small multifamily property at 4339 Berryman Ave in Mar Vista, sold June 2018 for $5,300,000 — approximately $0 per unit.
2018 LA multifamily was at or near cyclical peak pricing. Institutional capital remained active across asset classes. Transaction volume was high.
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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