Units: 8 · Sale price: $4,200,000 · Price per unit: $525,000 · Closed: May 2019
A 8-unit small multifamily property at 866 Hilldale Ave in West Hollywood, sold May 2019 for $4,200,000 — approximately $525,000 per unit.
2019 LA multifamily held at peak-cycle pricing. Late-cycle discipline was visible in buyer underwriting, particularly on assets requiring active management.
West Hollywood has its own rent stabilization ordinance distinct from LA City RSO, and a buyer pool that treats the submarket as a premium Westside-adjacent hold.
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.
This building has appeared in the archive 2 times. See the full transaction history for 866 Hilldale Ave, West Hollywood.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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