Westwood Village & the UCLA neighborhood
Glen Scher, Filip Niculete and the LAAA Team of Marcus & Millichap have closed 6 Westwood transactions totaling $28.9M. Explore our Westwood Village closings and a property-specific approach to selling.
LAAA Team of Marcus & Millichap
6
Completed Westwood transactions
$28.9M
Total closed sales volume
Historical team record, 2019 to 2023. Includes apartment sales and development-site transactions.
Experience on the surrounding blocks
Two apartment sales on Midvale and Landfair, plus a development sale on Glenrock and Landfair.
$19.8M
Combined closed consideration
$3,600,000
Closed 03/05/2021
Glen Scher and Filip Niculete represented the seller of this apartment building near UCLA. A completed seller-side assignment on one of the Village's apartment blocks.
Read the closing story
$3,450,000
Closed 06/30/2021
Glen Scher and Aida Memary Scher represented the buyer of a property listed by another brokerage. The purchase closed in June 2021.
Read the closing story$12,750,000
Closed 05/03/2023
Glen Scher and Filip Niculete represented the seller in this Westwood Village development sale.
View the full transaction recordHistorical examples, with prices and dates from the team's published transaction record checked against closing documents. Photos show the properties and neighborhood at the time of marketing. Aida Memary Scher: CA DRE 01980240.
The Westwood sale plan
An apartment building on Landfair or Midvale, a newer building near campus and a development site south of Wilshire require different pricing and buyer targeting. Our Westwood record includes completed apartment sales in the Village and land transactions on Glenrock, Landfair, Eastborne and Ohio.
The published record contains 6 transactions totaling $28.9M: 2 apartment sales and 4 transactions classified as land. The apartment sales closed in 2021. Their prices and cap rates describe those historical transactions; they do not establish today's value for another building.
For an owner considering a sale, we start with the property's collected income, leases, operating costs, physical condition and permitted use. We then select recent comparable sales, separate existing income from a supported rent projection, and assess the financing a buyer could obtain. For buildings serving UCLA tenants, lease expiration dates and collection history belong in that analysis.
What Westwood owners should prepare
01 / RENT REGULATION
Check LAHD registration and the building's permit and occupancy history. RSO coverage, state rent limits and just-cause rules need a property-specific review before projecting income.
LAHD rent-stabilization overview02 / INCOME & LEASES
Reconcile the rent roll to signed leases and recent collections. For campus-area apartments, review lease expiration dates, deposits, concessions and the evidence behind any projected rent.
Apartment sale preparation guide03 / PROPERTY RECORDS
Bring together permitted-unit records, known repair items, insurance and available inspection reports. Include soft-story, balcony, elevator and fire-system records where applicable.
Apartment due diligence checklist04 / SELLER PROCEEDS
Westwood is in the City of Los Angeles. ULA can materially affect seller proceeds above the applicable threshold, in addition to city and county base transfer taxes. Review the rate for the actual closing date.
Los Angeles Office of FinanceRegulatory sources reviewed 11/04/2026. Coverage and the requirements for an individual property need to be established from its records.
Village blocks and the broader neighborhood
The full record includes the Village transactions north of Wilshire and the Ohio and Eastborne transactions to the south. Each dot is one completed transaction. Short leader lines separate adjacent closings.
Outline: Westwood community boundary, LA County Community Boundaries.
The published record
6 completed transactions totaling $28.9M, including 2 apartment sales and 4 land transactions. Historical team closings as of November 2026.
| Closed | Property | Type | Sale price |
|---|---|---|---|
| 05/03/2023 | 504 Glenrock Ave & 505 Landfair Ave | Land | $12,750,000 |
| 06/08/2022 | 10605 Eastborne Ave | Land | $2,400,000 |
| 12/09/2021 | 10609 Eastborne Ave | Land | $2,900,000 |
| 06/30/2021 | 400 Landfair Ave | Apartments | $3,450,000 |
| 03/05/2021 | 461 Midvale Ave | Apartments | $3,600,000 |
| 12/27/2019 | 10939 Ohio Ave | Land | $3,800,000 |
Source: LAAA Team closed transactions. The paired Glenrock and Landfair properties are one sale. Land transactions are excluded from apartment price-per-unit and cap-rate averages.
Historical market context
Source: CoStar, Beverly Hills/Century City/UCLA Multifamily, 2026 Q1. This geography extends beyond Westwood Village. The dated market snapshot is separate from the team's closing history and should be refreshed for a current valuation.
Further reading for Westwood owners
Westwood owner questions
Contact Glen Scher at (818) 212-2808 or Filip Niculete at (818) 212-2748. The LAAA Team of Marcus & Millichap's published Westwood record contains 6 completed transactions totaling $28.9M, including apartment sales on Landfair and Midvale and development-site transactions.
A valuation needs current income, leases, expenses, condition and recent comparable sales. Our published record contains 2 Westwood apartment sales, both from 2021, with a historical average of $587,500 per unit. That small, dated sample is not a current neighborhood price estimate. Request a property-specific Broker Opinion of Value.
Our Westwood Village examples include apartment sales at 400 Landfair Ave and 461 Midvale Ave, and the development sale of 504 Glenrock Ave and 505 Landfair Ave. The broader Westwood record also includes Eastborne and Ohio, south of Wilshire.
Glen Scher and Filip Niculete represented the seller at 461 Midvale Ave. Glen Scher and Aida Memary, now Aida Memary Scher, are named as the buyer's agents in the executed agreement for 400 Landfair Ave. These are separate 2021 transactions, with each role identified in the examples above.
Coverage is property-specific. LAHD generally applies the RSO to rental properties first built on or before 10/01/1978, with exceptions and replacement-unit rules. A property outside the RSO can still be subject to California's Tenant Protection Act and Los Angeles just-cause rules. Confirm the property's LAHD and building records before underwriting rents or possession. Sources: LAHD and the California Attorney General, reviewed 11/04/2026.
Westwood is within the City of Los Angeles. As of November 2026, for a nonexempt taxable transfer closing after 06/30/2026, ULA is 4% of the full taxable consideration above $5,400,000 and below $10,900,000, or 5.5% at $10,900,000 and above. City and county base transfer taxes are additional. Exemptions and the actual transaction structure require review. Source: Los Angeles Office of Finance, reviewed 11/04/2026.
Start with the current rent roll, leases, recent collections, operating statements, property-tax and insurance bills, and known repair or capital-work records. Registration, permits, the certificate of occupancy and inspection records help establish the actual property being sold. We can identify remaining items while preparing the valuation.
A sale can be marketed with the existing condition and known issues disclosed. The sale plan should identify what buyers need to evaluate, how condition affects underwriting, and which records support the offering. The appropriate approach depends on the building and the owner's objectives.
Public sources, reviewed 11/04/2026
Your Westwood apartment sale
Speak with Glen or Filip about pricing, timing and the information buyers will need. Request a confidential Broker Opinion of Value for your Westwood property.
Get a complimentary Broker Opinion of Value from the LAAA Team.