Units: 10 · Sale price: $4,150,000 · Price per unit: $415,000 · Closed: October 2019
A 10-unit mid-size multifamily property at 4407 Ambrose Ave in Los Feliz, sold October 2019 for $4,150,000 — approximately $415,000 per unit.
2019 LA multifamily held at peak-cycle pricing. Late-cycle discipline was visible in buyer underwriting, particularly on assets requiring active management.
Los Feliz is central LA, heavily pre-1978 RSO, with strong tenant demand and tight institutional interest on clean stabilized inventory.
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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