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
South & Central LA Apartment Building Sales & Market Data
18 closed transactions totaling $30.0M. Average cap rate: 5.95% — highest in LA. Average price per unit: $179K — most affordable entry point in LA.
How much is an apartment building worth in South LA?
Average $179K per unit. Ranges from under $150K for unrenovated buildings to $250K+ for repositioned assets in West Adams.
What is a good cap rate for South LA apartment buildings?
Average 5.95% across 18 deals, the highest in LA. Compares to 4.54% in the Valley and 3.71% in West LA.
Contact Glen Scher at (818) 212-2808. View all LA submarkets.
