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Westwood Apartment Building Sales

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

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6

Transactions

$28.90M

Total Volume

3.45%

Avg Cap Rate

$587,500

Avg $/Unit

6

Avg Units

2012

Since

Cap rate, price per unit and unit count are averaged across apartment sales only: 2 of these 6 closed transactions are apartment sales.

LAAA Team Track Record Since 2012

Westwood Multifamily Market Overview

Westwood sits adjacent to UCLA where 45,000 students generate relentless apartment demand. Across 6 transactions totaling $28.9M, the 2 apartment sales average a 3.45% cap rate at $588,000 per unit across 12 units. The other 4 closings are development sites. Future Metro D Line station. LA RSO applies.

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
$536,656Market $/Unit

Rents by Unit Type

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

Investment Activity (Trailing 12 Mo)

Sales Volume$112.7M
Transactions24
Avg Price/Unit$536,656
Avg Cap Rate5.2%

Westwood Market Area

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LAAA Team Closings in Westwood

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

504 Glenrock Ave & 505 Landfair Ave

Los Angeles2023

Price
$12,750,000

10605 Eastborne Ave

Los Angeles2022

Price
$2,400,000

10609 Eastborne Ave

Los Angeles2021

Price
$2,900,000

400 Landfair Ave

Los Angeles2021

Price
$3,450,000
Units
6
Cap
3.15%
$/Unit
$575,000

461 Midvale Ave

Los Angeles2021

Price
$3,600,000
Units
6
Cap
3.75%
$/Unit
$600,000

10939 Ohio Ave

Los Angeles2019

Price
$3,800,000
Cap
2.17%

Source: LAAA Team Closed Transactions

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Westwood Multifamily Investment FAQs

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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