Units: 36 · Sale price: $12,100,000 · Price per unit: $336,111 · Closed: date unverified
A 36-unit larger multifamily property at 4540 Natick Ave in Sherman Oaks, sold date unverified for $12,100,000 — approximately $336,111 per unit.
Sherman Oaks is the Valley floor's most-demanded multifamily submarket. Mixed building ages — pre-1978, 1980s, and post-1995 — trade at distinct cap rates on the same street.
Larger multifamily at this scale draws institutional and private equity capital with deeper underwriting processes and longer hold horizons.
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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