Units: 10 · Sale price: $2,325,000 · Price per unit: $232,500 · Closed: date unverified
A 10-unit mid-size multifamily property at 646 N Madison Ave in Los Angeles, sold date unverified for $2,325,000 — approximately $232,500 per unit.
Core LA metropolitan area multifamily — specific submarket varies; common LA City RSO regulatory profile on pre-1978 inventory.
Mid-size multifamily in this unit range attracts both private investors and smaller institutional buyers, particularly on value-add theses.
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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