Units: 8 · Sale price: $1,750,000 · Price per unit: $218,750 · Closed: September 2024
A 8-unit small multifamily property at 6000 Whitworth Dr in Los Angeles, sold September 2024 for $1,750,000 — approximately $218,750 per unit.
2024 LA multifamily began the recovery — transaction volume rebuilt toward $6.9B, institutional capital returned to active bidding, cap rates stabilized.
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 — $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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