Units: 5 · Sale price: $1,025,000 · Price per unit: $205,000
A 5-unit small multifamily property at 5665 Franklin Ave in Los Angeles, sold date unverified for $1,025,000 — approximately $205,000 per unit.
Core LA metropolitan area multifamily — specific submarket varies; common LA City RSO regulatory profile on pre-1978 inventory.
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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