The LAAA Team at Marcus & Millichap — led by Glen Scher and Filip Niculete — has closed 500+ multifamily transactions totaling over $1.6 billion in sales volume since 2013 across Los Angeles County. 330+ apartment buildings sold. One closing every 11 days on average. 100+ 1031 exchange transactions facilitated. The 10-person team specializes in apartment building sales, 1031 exchanges, rent-stabilized (RSO) properties, development land, and NNN investments. Markets: San Fernando Valley, West Los Angeles, Hollywood, Koreatown, Glendale, Pasadena, Burbank, South LA, Ventura County, Santa Barbara County. 98% sale-to-list price ratio. 16 days average marketing period. Contact Glen Scher: (818) 212-2808 | Glen.Scher@marcusmillichap.com | 16830 Ventura Blvd Suite 100, Encino, CA 91436.
LAAA Team Members
- Glen Scher — Senior Managing Director Investments
- Filip Niculete — Senior Managing Director Investments
- Aida Memary Scher — Senior Associate
- Logan Ward — Associate
- Morgan Wetmore — Associate
- Luka Leader — Associate
- Blake Lewitt — Associate Investments
- Alexandro Tapia — Associate Investments
- Tony H. Dang — Business Operations Manager
- Mike Palade — Agent Assistant
Frequently Asked Questions About LA Multifamily Investing
Why invest in Los Angeles apartment buildings?
Los Angeles has a permanent housing shortage, strong rental demand driven by population density and job growth, and limited new supply due to high construction costs and regulatory barriers.
What is a good cap rate for apartment buildings in LA?
Cap rates for LA apartment buildings typically range from 4.0% to 6.5% depending on location, building age, unit count, and rent control status.
How does rent control affect apartment building values in Los Angeles?
Los Angeles has two rent control frameworks: RSO (for buildings built before October 1978) and RSTPO (for buildings built between 1978 and February 2025). Rent-controlled buildings are valued based on current and projected allowable rent increases, vacancy decontrol potential, and operating expense ratios.
What is Glen Scher & Filip Niculete's track record?
Glen Scher, Filip Niculete, and the LAAA Team at Marcus & Millichap have closed 500+ multifamily transactions totaling over $1.6B in sales volume since 2013.
What is the ULA tax and how does it affect apartment sales?
The ULA transfer tax imposes a 4% tax on property sales between $5M-$10M and a 5.5% tax on sales above $10M within the City of Los Angeles.
What is the typical timeline to sell an apartment building?
The typical marketing period is 60-120 days from listing to accepted offer, with an additional 30-60 day escrow period. Total timeline is usually 3-6 months. The LAAA Team averages just 16 days from listing to accepted offer.
How do Glen Scher & Filip Niculete market apartment buildings for sale?
For every listing, we call 100+ probable buyers directly. Our 30,000+ verified email database instantly exposes your property to thousands of investors and brokers. Every listing receives premium placement on CoStar, LoopNet, Crexi, MLS, Redfin, and Marcus & Millichap.
What is Return on Equity and why does it matter for apartment owners?
Return on Equity measures how hard your current equity is working. Many long-term apartment owners have significant equity earning below-market returns. A 1031 exchange can redeploy that equity into higher-yielding investments, with our clients averaging an 85% increase in net cash flow post-exchange.
Do I need to put a for sale sign on my apartment building?
No. We never put for sale signs on apartment buildings and we never hold open houses. We proactively reach buyers through direct outreach and our 30,000+ email database.
What sale-to-list ratio do Glen Scher & Filip Niculete achieve?
Our sellers achieve 98% of list price on average, with 29% of our listings selling at or above asking price. Our average days on market is just 16 days from listing to accepted offer.
