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

Pasadena Apartment Building Sales & Market Data

22 closed transactions totaling $58.1M. Average cap rate: 4.10%. Average price per unit: $301K. Caltech, JPL, and Old Town drive demand.

How much does an apartment building cost in Pasadena?

Average $301K per unit. Ranges from $250K in eastern Pasadena to $400K+ near Old Town and South Lake.

Does Pasadena have its own rent control?

Yes. Pasadena adopted its own tenant protections in February 2022 for buildings with 4+ units, beyond AB 1482.

Part of Glendale, Pasadena & Burbank. Contact Glen Scher at (818) 212-2808.