Units: 48 · Sale price: $9,650,000 · Price per unit: $201,041 · Closed: August 2018
A 48-unit larger multifamily property at 7317 Haskell Ave in Van Nuys, sold August 2018 for $9,650,000 — approximately $201,041 per unit.
2018 LA multifamily was at or near cyclical peak pricing. Institutional capital remained active across asset classes. Transaction volume was high.
Van Nuys LA multifamily trades bimodally — stabilized Class B and value-add Class C often trading at meaningfully different prices depending on the specific asset story.
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 — over fourteen years at Marcus & Millichap.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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