Units: 9 · Sale price: $2,200,000 · Price per unit: $244,444 · Closed: May 2018
A 9-unit small multifamily property at 4936 Whitsett Ave in Valley Village, sold May 2018 for $2,200,000 — approximately $244,444 per unit.
2018 LA multifamily was at or near cyclical peak pricing. Institutional capital remained active across asset classes. Transaction volume was high.
Valley Village is central Valley LA City RSO territory, with demographics favoring stable tenant retention.
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 — over fourteen years at Marcus & Millichap.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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