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
San Fernando Valley Apartment Building Sales & Market Data
The LAAA Team has closed 214+ transactions totaling over $822M in the San Fernando Valley. Average cap rate: 4.54%. Average price per unit: $297K.
How much is an apartment building worth in the San Fernando Valley?
San Fernando Valley apartment buildings average approximately $297K per unit. Sherman Oaks averages $336K, North Hollywood $318K, Van Nuys $238K per unit.
What is a good cap rate for San Fernando Valley apartment buildings?
Cap rates average 4.54% across 214 closed deals, ranging from 2.60% to 8.91%. Sherman Oaks and Studio City trade at 3.5-4.5%, while Canoga Park and Northridge offer 4.9-5.2%.
How does rent control work for San Fernando Valley apartments?
Most Valley buildings fall under the LA RSO for pre-1978 construction. Post-1978 buildings are subject to AB 1482. Costa-Hawkins permits vacancy decontrol.
Contact Glen Scher at (818) 212-2808. View all LA submarkets.
