West LA Apartment Building Sales
Explore 10 closed transactions totaling $34.91M in West LA. Data from the LAAA Team at Marcus & Millichap.
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Transactions
$34.91M
Total Volume
3.28%
Avg Cap Rate
$720,107
Avg $/Unit
7
Avg Units
2012
Since
Cap rate, price per unit and unit count are averaged across apartment sales only: 3 of these 10 closed transactions are apartment sales.
LAAA Team Track Record Since 2012
West LA Multifamily Market Overview
The West LA corridor along Sawtelle Boulevard, Sepulveda Boulevard, and the surrounding blocks near the 405 freeway represents the highest per-unit pricing in the LAAA Team's entire portfolio. Across 10 closed transactions totaling $34.9M in volume, the LAAA Team has documented an average cap rate of 3.28% and an average price per unit of $720,107 across its 3 apartment sales.
This pocket market, bounded roughly by Wilshire Boulevard to the south, Santa Monica Boulevard to the north, the 405 freeway to the west, and Westwood to the east, benefits from UCLA's 45,000-student enrollment, the Veterans Administration campus, and the growing tech employment base centered around Playa Vista and Culver City. Sawtelle Japantown's restaurant row along Sawtelle Boulevard between Olympic and Santa Monica has become one of LA's most popular dining destinations, driving tenant demand from young professionals and graduate students willing to pay premium rents for walkable access.
The Expo Line E stations at Westwood/Rancho Park and Palms provide rail connectivity to Downtown LA and Santa Monica, expanding the commuter reach for tenants. Most buildings fall under the LA RSO for pre-1978 construction. CoStar's Market Snapshot on this page puts vacancy at 5.7% as of 2026 Q1, and high barriers to new supply create a capital preservation market where investors accept lower current yields in exchange for long-term rent growth and asset appreciation.
Market Snapshot
Source: CoStar | Greater Culver City Multifamily | 2026 Q1Rents by Unit Type
Investment Activity (Trailing 12 Mo)
West LA Market Area
LAAA Team Closings in West LA
10 transactions by Glen Scher, Filip Niculete & the LAAA Team
1617 Barry Ave
Los Angeles • 2025
$2,690,000
12202 Exposition Blvd
Los Angeles • 2023
$2,256,000
1531 Sawtelle Blvd
Los Angeles • 2022
$2,950,000
1463-1467 Wellesley Ave
Los Angeles • 2022
$3,210,000
1261 Stoner Ave
Los Angeles • 2021
$8,990,000Units
8Cap
3.53%$/Unit
$1,123,750
1760 S Bentley Ave
Los Angeles • 2021
$3,040,000Units
5Cap
4.49%$/Unit
$608,000
2454 Barry Avenue
Los Angeles • 2019
$1,450,000
2412 Federal Avenue
Los Angeles • 2017
$3,250,000
1427-1431 Greenfield Ave
Los Angeles • 2017
$4,075,000
1215 Barry Avenue
Los Angeles • 2015
$3,000,000Units
7Cap
1.83%$/Unit
$428,571
Source: LAAA Team Closed Transactions
Recent Deal Stories
West LA Multifamily Investment FAQs
West LA apartment buildings average $720,107 per unit across the LAAA Team's 3 apartment sales among 10 closed transactions, totaling $34.9M in volume. This is the highest average per-unit pricing in the entire LAAA Team portfolio, reflecting UCLA proximity, Sawtelle dining district appeal, and extremely tight supply conditions.
Cap rates in West LA average 3.28% across West LA's 3 apartment sales, among the lowest in the LAAA Team's markets. The compressed yields reflect the extreme supply constraint, UCLA-driven demand, and investors' willingness to accept lower current returns in exchange for long-term appreciation in this premier Westside location.
West LA's premium pricing is driven by UCLA (45,000 students), Sawtelle Japantown's dining scene, Expo Line transit access, and the highest barriers to new construction on the Westside; the team's West LA apartment sales average $720,107 per unit. Investors view West LA as a capital preservation market with built-in long-term appreciation from permanent institutional demand generators.
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