Los Angeles Multifamily Investment Sales
The LAAA Team, led by Glen Scher and Filip Niculete at Marcus & Millichap, has closed 404+ transactions totaling over $1.3B+ in sales volume since 2012.
Markets Served
FAQs
How much is an apartment building worth in Los Angeles?
Los Angeles apartment building values vary significantly by submarket, ranging from $201,000 per unit in South LA to $523,000+ per unit in West LA and the Beach Cities. The LAAA Team has closed 495+ transactions totaling $1.55B+ across the metro area, giving us the data to price any property accurately. Key factors include location, unit count, building condition, RSO rent levels, and proximity to employment centers and transit.
What is the average cap rate for LA multifamily properties?
Average cap rates across the Los Angeles multifamily market range from 3.74% in West LA to 6.12% in South LA, based on the apartment sales within the LAAA Team's 495+ closed transactions. The metro-wide average is approximately 4.5%. Cap rates compressed from 6.3% in 2013 to 4.2% in 2021, then expanded to current levels reflecting higher interest rates. Premium locations and stabilized assets trade at lower cap rates, while value-add and higher-yield markets offer stronger going-in returns.
How do I sell my apartment building in Los Angeles?
Start with a complimentary Broker Opinion of Value (BOV) from the LAAA Team, which includes comparable sales analysis, market rent assessment, and pricing strategy. The LAAA Team's marketing process achieves a 96.7% apartment pricing accuracy (final asking price versus original list) with a median 34-day marketing period on apartments. We handle confidential marketing, buyer qualification, negotiations, due diligence, and closing coordination. Contact Glen Scher at (818) 212-2808 for a confidential consultation.
Which Los Angeles neighborhoods have the best apartment building investments?
The best neighborhood depends on your investment strategy. For cash flow, South LA and the western San Fernando Valley (Canoga Park, Northridge) offer 5%+ cap rates. For appreciation, West LA and Santa Monica provide strong long-term value growth despite lower entry-point yields. For value-add opportunities, North Hollywood, Van Nuys, and Hollywood offer the widest spread between in-place and market rents. The LAAA Team can analyze any submarket against your specific investment criteria.
How does rent control affect apartment building values in Los Angeles?
Rent control is a major factor in LA multifamily valuations. The LA RSO (Rent Stabilization Ordinance) applies to buildings with 2+ units built before October 1, 1978, covering most of the city's apartment stock. RSO limits annual rent increases but permits vacancy decontrol under Costa-Hawkins, allowing market-rate resets upon unit turnover. This creates value-add opportunities where the spread between controlled rents and market rents represents unrealized upside. Independent cities like Glendale, Pasadena, Burbank, and Santa Monica have their own rent control regimes.
What makes the LAAA Team different from other LA apartment brokers?
The LAAA Team has closed 495+ transactions totaling $1.55B+ since 2012, giving us a proprietary database of actual cap rates, pricing trends, and buyer activity that no other team can replicate. Led by Glen Scher and Filip Niculete at Marcus & Millichap's Encino office, the team combines institutional-level market research with boutique-level client service across every LA submarket from the San Fernando Valley to the Westside.
Contact Glen Scher at (818) 212-2808 or Filip Niculete at (818) 212-2748.