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
About Los Angeles Multifamily Listings
How do I request offering memorandums for these listings?
Click on any listing to view the property details page, then click Download OM. Some properties require a signed NDA before OM release. Contact our team at (818) 212-2808.
Are these all of your available multifamily listings?
These are our publicly marketed listings. We often have additional off-market and pre-market opportunities not advertised online. Contact us to discuss your specific investment criteria.
What financing options are available for LA apartment buildings?
Common options include conventional bank loans (65-75% LTV), agency debt (Fannie Mae/Freddie Mac for 5+ units), bridge loans for value-add acquisitions, and SBA loans. We work with Marcus & Millichap Capital Corporation (MMCC) to help buyers secure competitive financing.
What is a good price per unit for apartment buildings in Los Angeles?
In the current LA market, price per unit ranges from $150,000 to $500,000+ depending on location, building class, unit size, and rent control status. San Fernando Valley properties typically trade between $200,000 and $350,000 per unit.
How do I evaluate an LA apartment building as an investment?
Key metrics include cap rate (current market: 4.0-6.5%), gross rent multiplier, price per unit, and operating expense ratio (typically 35-55% of effective gross income). Also analyze rent upside potential, deferred maintenance, and rent control status.
What is an RSO building and why does it matter for buyers?
RSO (Rent Stabilization Ordinance) applies to buildings in the City of Los Angeles with 2+ units built before October 1, 1978. RSO limits annual rent increases but allows vacancy decontrol under Costa-Hawkins. For investors, RSO buildings often represent value-add opportunities.
What are typical operating expenses for an LA apartment building?
Operating expenses typically run 35-55% of effective gross income. Major categories include property taxes (approximately 1.25% of assessed value), insurance, property management (4% of gross scheduled rent), water/sewer, trash, and repairs.
Do these listings include rent-controlled apartment buildings?
Yes. Many listed properties are subject to the Los Angeles RSO or California's Tenant Protection Act (AB 1482). Each listing's offering memorandum includes a detailed rent roll analysis showing current rents versus market rents.
