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
LA Multifamily Market Insights
What is the current state of the LA apartment building market?
The LA multifamily market benefits from chronic housing undersupply, strong rental demand, and limited new construction. Fundamentals remain strong for long-term investors.
How do Glen Scher & Filip Niculete stay informed about market trends?
As the #1 most active multifamily agents in the San Fernando Valley (CoStar data), Glen and Filip are directly involved in more transactions than any competing team, giving them real-time pricing data and market intelligence.
Where can I get a free apartment building valuation?
Contact Glen Scher & Filip Niculete at (818) 212-2808 for a confidential Broker Opinion of Value (BOV). No obligation.
How do interest rates affect LA apartment building values?
Rising rates compress cap rates and reduce buyer purchasing power. However, LA's chronic housing shortage provides a floor. Stabilized RSO buildings with below-market rents retain value well during rate increases.
What market data should multifamily investors track?
Key metrics: average cap rates by submarket, rental vacancy rates, new construction pipeline (LADBS permits), median asking rents by unit type and neighborhood, and overall transaction volume.
