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
LA Multifamily Market Intelligence
Data-driven submarket analysis backed by 455+ closed transactions and over $1.45B+ in sales volume across Los Angeles, from the LAAA Team at Marcus & Millichap.
Submarkets
- San Fernando Valley — 214+ deals, $822M+ volume, 4.54% avg cap rate
- West LA & Beach Cities — 55+ deals, $184M+ volume, 3.71% avg cap rate
- Glendale, Pasadena & Burbank — 42+ deals, $99.5M+ volume, 4.12% avg cap rate
- Hollywood & Eastside — 23+ deals, $59M+ volume, 4.47% avg cap rate
- Koreatown & Mid-City — 17+ deals, $47.5M volume, 4.34% avg cap rate
- South & Central LA — 18+ deals, $30M volume, 5.95% avg cap rate
- Ventura & Santa Barbara — 28+ deals, $65.5M volume, 5.33% avg cap rate
City Market Pages
- Van Nuys — 41 deals, $112.9M, 4.83% avg cap
- North Hollywood — 40 deals, $105.7M, 4.24% avg cap
- Sherman Oaks — 27 deals, $97.7M, 4.07% avg cap
- Pasadena — 22 deals, $58.1M, 4.10% avg cap
- Santa Monica — 21 deals, $79.8M, 3.92% avg cap
- Valley Village — 14 deals, $48.3M, 4.26% avg cap
- Canoga Park — 11 deals, $35.4M, 5.17% avg cap
- Burbank — 11 deals, $34.5M, 4.29% avg cap
- Northridge — 11 deals, $55.8M, 4.92% avg cap
- West LA — 10 deals, $34.9M, 3.28% avg cap
Frequently Asked Questions About LA Multifamily Investing
How much is an apartment building worth in Los Angeles?
Los Angeles apartment building values vary significantly by submarket, ranging from $179K per unit in South LA to $500K+ per unit in West LA and the Beach Cities.
What is the average cap rate for LA multifamily properties?
Average cap rates range from 3.71% in West LA to 5.95% in South LA. The metro-wide average is approximately 4.5%.
How do I sell my apartment building in Los Angeles?
Start with a complimentary Broker Opinion of Value from the LAAA Team. Contact Glen Scher at (818) 212-2808.
Which Los Angeles neighborhoods have the best apartment building investments?
For cash flow: South LA, Canoga Park, Northridge (5%+ cap rates). For appreciation: West LA, Santa Monica. For value-add: North Hollywood, Van Nuys, Hollywood.
How does rent control affect apartment building values in Los Angeles?
The LA RSO applies to buildings with 2+ units built before October 1, 1978. Vacancy decontrol under Costa-Hawkins allows market-rate resets upon turnover, creating value-add opportunities.
What makes the LAAA Team different from other LA apartment brokers?
455+ closed transactions totaling $1.45B+ since 2013, proprietary market data, and a 10-person team led by Glen Scher and Filip Niculete at Marcus & Millichap.
