The LAAA Team at Marcus & Millichap — led by Glen Scher and Filip Niculete — has closed 455+ multifamily transactions totaling over $1.45 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
Koreatown & Mid-City Apartment Building Sales & Market Data
17 closed transactions totaling $47.5M. Average cap rate: 4.34%. Average price per unit: $437K. Dense urban core along Wilshire Boulevard.
How much is an apartment building worth in Koreatown?
Average $437K per unit based on 17 deals. Pricing reflects extreme population density and Metro Purple Line access.
How does rent control affect Koreatown apartment buildings?
Most Koreatown buildings fall under LA RSO for pre-1978 construction. Vacancy decontrol creates significant embedded value in buildings with long-term tenants.
Contact Glen Scher at (818) 212-2808. View all LA submarkets.
