Units: 32 · Sale price: $6,000,000 · Price per unit: $187,500 · Closed: July 2025
A 32-unit larger multifamily property at 456 S Cochran Ave in Los Angeles, sold July 2025 for $6,000,000 — approximately $187,500 per unit.
2025 LA multifamily transaction volume hit $6.5 to $7.9 billion across 557 deals. Institutional buyers returned in force; cap rates stabilized in most submarkets.
Core LA metropolitan area multifamily — specific submarket varies; common LA City RSO regulatory profile on pre-1978 inventory.
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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