Press Releases
Marcus & Millichap Arranges $14.2M Sale of 71-Unit Multifamily Property in Los Angeles
September 29, 2026
LOS ANGELES, Sept. 29, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced today the sale of 1441 S. Beverly Glen Blvd., a 71-unit multifamily property in Los Angeles. The property sold for $14.2 million, or $200,000 per unit.
“This transaction provided a rare opportunity to acquire an asset of this scale in a highly desirable West Los Angeles location, where properties of this size are infrequently available,” said Michael Sterman, senior managing director investments. “While the building’s high concentration of studio units presented some challenges, its proximity to major employment and educational centers and other Westside amenities contributed to its appeal.”
Sterman, of the Sterman Multifamily Group in Marcus & Millichap's Encino office, had the exclusive listing to market the property on behalf of the seller, 1441 S Beverly Glen Investment, LLC, and procured the buyer.
Built in 1953, the 41,859-square-foot property is situated on 0.67 acres at 1441 S. Beverly Glen Blvd. in Los Angeles. The property consists of 71 units, including 63 studios and eight one-bedroom, one-bath units. Located in the Westwood submarket, the property provides access to UCLA, Century City, Beverly Hills, Brentwood and other Westside employment, retail and dining destinations.
“This transaction provided a rare opportunity to acquire an asset of this scale in a highly desirable West Los Angeles location, where properties of this size are infrequently available,” said Michael Sterman, senior managing director investments. “While the building’s high concentration of studio units presented some challenges, its proximity to major employment and educational centers and other Westside amenities contributed to its appeal.”
Sterman, of the Sterman Multifamily Group in Marcus & Millichap's Encino office, had the exclusive listing to market the property on behalf of the seller, 1441 S Beverly Glen Investment, LLC, and procured the buyer.
Built in 1953, the 41,859-square-foot property is situated on 0.67 acres at 1441 S. Beverly Glen Blvd. in Los Angeles. The property consists of 71 units, including 63 studios and eight one-bedroom, one-bath units. Located in the Westwood submarket, the property provides access to UCLA, Century City, Beverly Hills, Brentwood and other Westside employment, retail and dining destinations.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
