Apr 10
2026
Closed
Closed at
$187K/door, $174/SF on a 9.3 GRM — which works to roughly a 6-cap today and sets up a 10-year path to an 8-cap for a patient operator. Traded below the $5.3M ULA threshold; speculation the buyer covered broker commissions directly to keep the sale price under the trigger.
Full note →
$5,050,000
$187K/door
Source
Redfin · CRMLS SB26054352
09:14
Jun 9
New Listing
3842 W 6th St
Koreatown · 14-unit · 1962 Build
Hard-corner lot, alley access, RTI permit pending for two ADUs.
Seller is an estate; priced to move before probate complication.
$4,200,000
$300K/unit
R. Calvo
Marcus & Millichap
16:42
Jun 8
Contract
1147 S Serrano Ave
Koreatown · 8-unit · 1958 Build
Listed 22 days. Multiple offers. Went over ask after best-and-final round.
Buyer is a local 1031 exchange from SFV.
$2,650,000
$331K/unit
T. Nakamura
CBRE Multifamily
11:05
Jun 7
Price Chg
7718 Fountain Ave
Hollywood · 10-unit · 1971 Build
Reduced after 47 DOM with no contract. Inspector flagged lateral sewer — buyer pool spooked.
Current ask presumes a full relining.
$3,480,000
$348K/unit
▼ $220K from ask
D. Whitmore
Newmark
08:30
Jun 6
Off Market
4455 Hawthorn Ave
Los Feliz · 6-unit · 1940 Build
Pulled after seller received a private offer, not publicly shopped.
Classic Los Feliz vintage — character building, all 1BDs, long-tenanted.
—
Undisclosed
R. Calvo
Marcus & Millichap
14:20
Jun 5
New Listing
11302 Iowa Ave
West LA · 7-unit · 1968 Build
Walk to Sawtelle. Five units vacant after coordinated move-outs — rare value-add entry point in a supply-constrained zip.
Seller offering seller financing at 5.75%.
$3,150,000
$450K/unit
L. Ostrovsky
Berkadia
COE
Jun 4
Closed
2281 Crenshaw Blvd
Baldwin Hills · 12-unit · 1964 Build
Closed at full ask, 31 days on market.
Buyer: private family office, all-cash close. Post-close CapEx commitment estimated $420K for MEP overhaul.
$3,840,000
$320K/unit
T. Nakamura
CBRE Multifamily
10:55
Jun 3
Price Chg
6630 Van Nuys Blvd
Van Nuys · 18-unit · 1979 Build
Third price cut in 90 days. Cap rate now 5.9% at ask — realistic for the corridor.
Deferred maintenance disclosed: roof, gutters, soft-story not yet completed.
$5,100,000
$283K/unit
▼ $400K (3rd reduction)
S. Marchetti
IPA · Marcus & Millichap
07:45
Jun 2
New Listing
531 S Virgil Ave
Koreatown · 22-unit · 1986 Build
Post-1978 build, not subject to LA RSO. All 2BR/1BA units.
Seller upgraded electrical panels in 2023. Subterranean parking, low vacancy over 8-year ownership.
$8,800,000
$400K/unit
R. Calvo
Marcus & Millichap
15:10
May 31
Contract
2040 Malcolm Ave
Westwood · 5-unit · 1952 Build
Under contract in 11 days. Six offers received; two over asking.
Proximity to UCLA and sub-4% vacancy trend in this pocket driving aggressive bidding.
$2,975,000
$595K/unit
L. Ostrovsky
Berkadia
13:30
May 29
Back on Mkt
8812 Sepulveda Blvd
North Hills · 16-unit · 1973 Build
Buyer fell out during due diligence — financing contingency not waived in time.
Back at original ask. Seller offering 45-day escrow and all inspection reports delivered.
$4,640,000
$290K/unit
S. Marchetti
IPA · Marcus & Millichap
09:00
May 27
Off Market
1832 Glendale Blvd
Silver Lake · 9-unit · 1948 Build
Transacted off-market, never listed publicly. $487K/unit — sets a comp for the corridor.
Both principals had a prior relationship. Recorded after 12-day escrow.
$4,380,000
$487K/unit
D. Whitmore
Newmark
11:45
May 24
New Listing
4210 S Figueroa St
South LA · 20-unit · 1988 Build
Institutional seller, clear title, Section 8 mix (~35%).
All soft-story retrofits complete, permits finaled. Strong cash flow on current rents, upside on vacancies at market.
$5,600,000
$280K/unit
T. Nakamura
CBRE Multifamily
14:00
May 21
Price Chg
462 N Western Ave
East Hollywood · 11-unit · 1960 Build
Reduced after appraisal gap killed prior deal. Three long-tenanted units under $900/mo dragging yield.
New ask targets investors who can model a decade-long rent normalization.
$3,190,000
$290K/unit
▼ $310K from original
R. Calvo
Marcus & Millichap
COE
May 19
Closed
3301 Overland Ave
Palms · 8-unit · 1963 Build
Closed $85K below ask after negotiated credit for window replacement and roof.
Buyer will operate as-is through 2025 before repositioning. Clean 1031 exchange, no debt assumed.
$2,915,000
$364K/unit
▼ $85K from ask
L. Ostrovsky
Berkadia
10:15
May 16
New Listing
610 S Ardmore Ave
Koreatown · 16-unit · 1974 Build
Corner lot at signalized intersection. Full soft-story retrofit finaled 2022.
Owners selling after 18-year hold; below-market rents create rent growth story. Will go fast.
$5,280,000
$330K/unit
S. Marchetti
IPA · Marcus & Millichap
