Westwood Apartment Building Sales

Explore 6 closed multifamily transactions totaling $28.90M in Westwood. Data from the LAAA Team at Marcus & Millichap.

6

Transactions

$28.90M

Total Volume

3.02%

Avg Cap Rate

$410,189

Avg $/Unit

17

Avg Units

2013

Since

Westwood Multifamily Market Overview

Westwood sits adjacent to UCLA where 45,000 students generate relentless apartment demand. Across 6 transactions totaling $28.9M, average cap rate is 3.02% at $410K per unit across 83 units. Future Metro D Line station. LA RSO applies.

Market Metrics

Total Deals

6

Total Volume

$28.90M

Avg Cap Rate

3.02%

Cap Rate Range

2.17% - 3.75%

Avg $/Unit

$410,189

$/Unit Range

$115,152 - $600,000

Avg Units/Deal

17

Deal Types

Apartments: 5, Land: 1

Market Snapshot

Source: CoStar | Beverly Hills/Century City/UCLA Multifamily | 2026 Q1
41,530Total Units
7.1%↑ from 6.4%Vacancy Rate
$3,380Market Rent/Unit
-0.6%Rent Growth (YoY)
4.7%Market Cap Rate
$537KMarket $/Unit

Rents by Unit Type

Studio$2,206/mo
1 Bedroom$2,762/mo
2 Bedroom$4,015/mo
3 Bedroom$5,860/mo

Supply & Demand

Under Construction995 units
Delivered (12 mo)250 units
Net Absorption (12 mo)69 units
Occupancy Rate92.9%

Investment Activity (Trailing 12 Mo)

Sales Volume$112.7M
Transactions24
Avg Price/Unit$537K
Avg Cap Rate5.2%

LAAA Team Closings in Westwood

6transactions by Glen Scher, Filip Niculete & the LAAA Team

504 Glenrock Ave & 505 Landfair Ave

Los Angeles2023

Price
$12.75M
Units
22
$/Unit
$579,545

10605 Eastborne Ave

Los Angeles2022

Price
$2.40M

10609 Eastborne Ave

Los Angeles2021

Price
$2.90M
Units
16
$/Unit
$181,250

400 Landfair Ave

Los Angeles2021

Price
$3.45M
Units
6
Cap
3.15%
$/Unit
$575,000

461 Midvale Ave

Los Angeles2021

Price
$3.60M
Units
6
Cap
3.75%
$/Unit
$600,000

10939 Ohio Ave

Los Angeles2019

Price
$3.80M
Units
33
Cap
2.17%
$/Unit
$115,152

Source: LAAA Team Closed Transactions

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Your LA Apartment Investment Advisors

Glen Scher

Glen Scher

Senior Managing Director Investments

(818) 212-2808

Email Glen

License(s): CA: 01962976

Filip Niculete

Filip Niculete

Senior Managing Director Investments

(818) 212-2748

Email Filip

License(s): CA: 01905352

LA Apartment Advisors | Marcus & Millichap

16830 Ventura Blvd, Ste. 100, Encino, CA 91436

LAAA