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San Fernando Valley Apartment Buildings: For Sale and Recently Sold

12 active listings and 210 closed transactions totaling $803.96M in the San Fernando Valley market. Data from the LAAA Team at Marcus & Millichap.

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210

Transactions

$803.96M

Total Volume

4.61%

Avg Cap Rate

$282,367

Avg $/Unit

15

Avg Units

2012

Since

Cap rate, price per unit and unit count are averaged across apartment sales only: 176 of these 210 closed transactions are apartment sales. A sale with no figure recorded is left out of that average, so cap rate draws on 172.

LAAA Team Track Record Since 2012

San Fernando Valley Multifamily Market Overview

The LAAA Team's published San Fernando Valley track record contains 210 closed transactions totaling $804.0M, with closing dates from 09/19/2012 through 08/28/2026. This is the team's historical transaction sample, including apartments and other property types, rather than a survey of every Valley sale. The table below identifies the individual closings.

Within that sample, 176 transactions are apartments. Average price per unit is $282,367 across 176 apartment sales with usable price and unit counts. Average cap rate is 4.61% across 172 apartment sales with a positive recorded rate. These averages span different closing dates, property sizes and income profiles. They describe past transactions and do not establish a building's current value or expected return.

Neighborhood comparisons need the same qualification. The team's historical apartment price-per-unit averages are $247,171 in Van Nuys, $308,996 in North Hollywood and $333,382 in Sherman Oaks. The neighborhood pages show the underlying sales. For a valuation, we select comparable transactions by closing date, location, unit mix, condition and income instead of applying a Valley-wide average.

The Studio City closings at 12021 Hoffman St and 12602 Moorpark St illustrate why the property matters. The first involved an existing five-unit building and a separate assessment of the lot's redevelopment potential; the second involved an eight-unit building completed in 2017. Their existing closed-deal stories explain the sale approaches. A smaller rent-controlled building, newer apartments and development land each require different buyer targeting and underwriting.

Before taking a Valley property to market, assemble the current rent roll, collections, operating expenses, capital work and unit documentation. Confirm the property's jurisdiction and applicable rent rules, since this coverage includes both City of Los Angeles neighborhoods and independent cities. Those records allow buyers to evaluate the actual property and give the seller a pricing recommendation tied to recent comparable sales.

What owners pay for insurance here: the 27 San Fernando Valley buildings with a 2024 to 2026 premium in our deals and files paid a median $782 per unit a year, or $0.76 per square foot, as of October 2026. See the apartment building insurance guide.

Market Snapshot

Source: CoStar | San Fernando Valley Multifamily | 2026 Q1
181,020Total Units
4.8%Vacancy Rate
$2,147Market Rent/Unit
5.1%Market Cap Rate
$297,851Market $/Unit

Rents by Unit Type

Studio$1,619/mo
1 Bedroom$1,892/mo
2 Bedroom$2,454/mo
3 Bedroom$3,013/mo

Investment Activity (Trailing 12 Mo)

Sales Volume$429.8M
Transactions75
Avg Price/Unit$297,851
Avg Cap Rate5.6%

City Breakdown

Van Nuys

45

$124.78M volume

Avg cap: 4.97%

Avg $/unit: $247,171

View City →

North Hollywood

42

$108.36M volume

Avg cap: 4.29%

Avg $/unit: $308,996

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Sherman Oaks

28

$101.22M volume

Avg cap: 4.06%

Avg $/unit: $333,382

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Valley Village

14

$48.27M volume

Avg cap: 4.41%

Avg $/unit: $395,214

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Northridge

11

$55.83M volume

Avg cap: 4.92%

Avg $/unit: $173,051

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Canoga Park

10

$29.36M volume

Avg cap: 5.32%

Avg $/unit: $184,383

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North Hills

8

$29.97M volume

Avg cap: 6.55%

Avg $/unit: $279,887

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Studio City

8

$54.27M volume

Avg cap: 3.88%

Avg $/unit: $391,509

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Tujunga

6

$40.05M volume

Avg cap: 4.42%

Avg $/unit: $303,175

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Reseda

6

$36.75M volume

Avg cap: 4.06%

Avg $/unit: $255,739

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Winnetka

5

$32.73M volume

Avg cap: 5.14%

Avg $/unit: $170,544

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Pacoima

4

$4.90M volume

Avg cap: 5.41%

Avg $/unit: $115,893

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Panorama City

4

$21.74M volume

Avg cap: 5.39%

Avg $/unit: $204,875

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Sylmar

3

$18.50M volume

Avg cap: 4.21%

Avg $/unit: $223,390

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Woodland Hills

3

$17.22M volume

Avg cap: 4.53%

Avg $/unit: $381,563

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Granada Hills

3

$21.58M volume

Avg cap: 4.20%

Avg $/unit: $296,410

View City →

Toluca Lake

2

$2.75M volume

Avg cap: 4.27%

Avg $/unit: $308,750

View City →

Encino

2

$7.65M volume

Avg cap: 4.12%

Avg $/unit: $290,476

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Chatsworth

2

$19.45M volume

Avg cap: 4.38%

Avg $/unit: $295,834

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Mission Hills

1

$4.81M volume

Avg cap: 4.45%

Avg $/unit: $267,222

West Hills

1

$19.95M volume

Avg cap: 4.67%

Avg $/unit: $511,538

Arleta

1

$2.90M volume

Avg cap: 5.12%

Avg $/unit: $120,833

San Fernando

1

$925,000 volume

Avg cap: 6.87%

Avg $/unit: $92,500

San Fernando Valley Market Area

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LAAA Team Closings in San Fernando Valley

210 transactions totaling $803.96M by Glen Scher, Filip Niculete & the LAAA Team

13915 Sherman Way

Van Nuys • 2026

Price
$3,400,000
Units
15
Cap
6.52%
$/Unit
$226,667

8734-8736 Burnet Ave

North Hills • 2026

Price
$4,100,000
Units
20
Cap
6.57%
$/Unit
$205,000

6860 Woodley Ave

Van Nuys • 2026

Price
$1,715,000
Units
7
Cap
5.73%
$/Unit
$245,000

6034 Fulton Ave

Van Nuys • 2026

Price
$2,910,000
Units
12
Cap
5.85%
$/Unit
$242,500

5905 Whitnall Hwy

North Hollywood • 2026

Price
$1,475,000
Units
8
Cap
5.88%
$/Unit
$184,375

14932 Kittridge St

Van Nuys • 2026

Price
$1,734,000
Units
4
Cap
4.10%
$/Unit
$433,500

11700 Magnolia Blvd

Valley Village • 2025

Price
$8,525,000
Units
19
Cap
6.22%
$/Unit
$448,684

5917 Buffalo Ave

Van Nuys • 2025

Price
$1,645,000
Units
5
Cap
6.30%
$/Unit
$329,000

4637 Laurel Canyon Blvd

Valley Village • 2025

Price
$5,150,000
Units
5
Cap
6.00%
$/Unit
$1,030,000

14015 Oxnard St

Van Nuys • 2025

Price
$5,136,000
Units
32
Cap
7.56%
$/Unit
$160,500

6716 Sylmar Ave

Van Nuys • 2025

Price
$3,500,000
Units
12
Cap
6.34%
$/Unit
$291,667

14658 Gilmore St

Van Nuys • 2025

Price
$1,690,000

12800 Oxnard St

North Hollywood • 2025

Price
$1,125,000
Units
3
Cap
5.62%
$/Unit
$375,000

3920 Knobhill Dr

Sherman Oaks • 2025

Price
$3,925,000

6228 Fulton Ave

Van Nuys • 2024

Price
$8,740,000
Units
30
Cap
6.05%
$/Unit
$291,333

10611 Landale St

North Hollywood • 2024

Price
$1,400,000
Units
5
Cap
5.34%
$/Unit
$280,000

11143 Aqua Vista St

North Hollywood • 2024

Price
$2,300,000
Units
10
Cap
4.98%
$/Unit
$230,000

12021 Hoffman St

Studio City • 2024

Price
$1,495,000
Units
5
Cap
4.40%
$/Unit
$299,000

5630 Fair Ave

North Hollywood • 2024

Price
$7,625,000
Units
15
Cap
5.17%
$/Unit
$508,333

5340 Ben Ave

Valley Village • 2024

Price
$1,200,000
Units
4
Cap
2.67%
$/Unit
$300,000

Source: LAAA Team Closed Transactions

Selected Deal Stories

Our Active Listings in San Fernando Valley

San Fernando Valley Multifamily Investment FAQs

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Your San Fernando Valley Specialists

Your LA Apartment Investment Advisors

Glen Scher

Glen Scher

Senior Managing Director Investments

(818) 212-2808

Email Glen

License(s): CA: 01962976

Filip Niculete

Filip Niculete

Senior Managing Director Investments

(818) 212-2748

Email Filip

License(s): CA: 01905352

LAAA Team of Marcus & Millichap

16830 Ventura Blvd, Ste. 100, Encino, CA 91436

LAAA Team of Marcus & Millichap