Question 1

How much is my apartment building worth in Los Angeles?

Accepted Answer

Apartment building values in Los Angeles depend on net operating income, cap rate, unit count, location, rent control status, and building condition. In 2025-2026, LA apartment buildings typically trade between 4.0% and 6.5% cap rates, with price-per-unit ranging from $150,000 to $500,000+ depending on submarket. Glen Scher and Filip Niculete provide complimentary Broker Opinions of Value based on 495+ closed transactions and real-time market data. Call (818) 212-2808 for a confidential valuation.

Question 2

How long does it take to sell an apartment building in LA?

Accepted Answer

The LAAA Team's median days on market is 34 days, with 38% of our apartment listings selling within 30 days. Total timeline from listing to closing is typically 75-120 days, including a 30-45 day escrow period. Our proactive marketing approach, which includes direct outreach to 100+ targeted buyers per listing and exposure to our 36,000+ contact database, creates competition that drives faster results.

Question 3

What commission do apartment building brokers charge?

Accepted Answer

Commission rates for multifamily investment sales vary by property value and complexity, typically ranging from 3% to 6% of the sale price. The LAAA Team provides a detailed commission proposal during our initial consultation. Our clients consistently find that our marketing reach and 96.7% apartment pricing accuracy more than offset any fee, delivering net proceeds that exceed what a discount broker achieves.

Question 4

Should I sell my apartment building now or wait?

Accepted Answer

The answer depends on your return on equity, not market timing. Many LA apartment owners have significant equity earning below-market returns. The LAAA Team can calculate your current ROE and model scenarios showing how a 1031 exchange could increase your cash flow by 75% on average across our 25 documented exchange case studies. Whether the market is strong or weak, optimizing your equity allocation is what matters. Contact Glen Scher at (818) 212-2808 for a confidential equity analysis.

Question 5

How does rent control (RSO) affect my apartment building's sale price?

Accepted Answer

Los Angeles RSO buildings (built before October 1978) are valued based on current rents, allowable annual increases (typically 3-4%), and vacancy decontrol potential under Costa-Hawkins. RSO buildings with below-market rents often trade at lower cap rates because buyers see upside through natural turnover. The LAAA Team has sold 495+ properties including hundreds of RSO buildings and can provide a precise valuation based on your specific rent roll.

Question 6

What is the process of selling an apartment building?

Accepted Answer

The process includes: (1) complimentary Broker Opinion of Value, (2) listing agreement and marketing preparation including professional photos and offering memorandum, (3) proactive marketing to targeted buyers via direct calls, email blasts, and online platforms, (4) offer review and negotiation, (5) escrow period including buyer due diligence and inspections, (6) closing and fund disbursement. The LAAA Team handles every step. Typical timeline: 75-120 days from listing to close.

Question 7

Do I need to notify tenants before selling?

Accepted Answer

In California, you are not required to notify tenants that you are listing the property for sale. During escrow, buyers will typically request access for inspections, which requires proper notice (usually 24 hours written notice under Civil Code 1954). After closing, the new owner must notify tenants within 15 days of the ownership change. The LAAA Team manages all tenant communication to minimize disruption.

Question 8

What are closing costs when selling an apartment building in California?

Accepted Answer

Typical seller closing costs include: brokerage commission, title insurance, escrow fees, transfer tax ($1.10 per $1,000 of value in most cities), natural hazard disclosures, and potential retrofit requirements (seismic, water heaters). In the City of Los Angeles, the ULA tax adds 4% on sales over $5,400,000 and under $10,900,000, and 5.5% on sales of $10,900,000 or more (thresholds CPI-indexed annually). Capital gains taxes (federal + CA state) apply unless deferred via 1031 exchange.

Question 9

Can I do a 1031 exchange when selling my apartment building?

Accepted Answer

Yes. A 1031 exchange allows you to defer all capital gains taxes by reinvesting proceeds into like-kind replacement property within 180 days. The LAAA Team has facilitated 100+ 1031 exchanges, with clients averaging a 75% increase in net cash flow. Common replacement options include NNN retail properties (60% of our exchanges), out-of-state apartment buildings (25%), and Delaware Statutory Trusts (15%).

Question 10

What documents do I need to sell my apartment building?

Accepted Answer

Key documents include: current rent roll, trailing 12-month P&L or operating statement, property tax bill, insurance declaration page, copies of all leases, any existing inspection reports, retrofit compliance certificates, and title documents. The LAAA Team provides a complete document checklist and helps gather everything needed for a successful marketing campaign and smooth escrow.

Question 11

How many apartment buildings has the LAAA Team sold?

Accepted Answer

Glen Scher, Filip Niculete, and the LAAA Team at Marcus & Millichap have closed 495+ transactions totaling over $1.55B+ in sales volume since 2012. Our deal types include apartment buildings (5 to 200+ units), development land, NNN properties, and commercial assets across 140+ neighborhoods in Los Angeles County and beyond.

Question 12

What neighborhoods does the LAAA Team cover?

Accepted Answer

We cover all of Los Angeles County with particular depth in the San Fernando Valley (North Hollywood, Van Nuys, Sherman Oaks, Studio City, Valley Village, Encino), Hollywood, Koreatown, Echo Park, Silver Lake, Glendale, Pasadena, Burbank, the Westside (Santa Monica, Venice, West LA), South LA, and the South Bay. We also handle properties in Ventura County, the Inland Empire, and Central California.

YEAR	ADDRESS	CITY	TYPE	ADVISORS	UNITS	PRICE	CAP	$/UNIT
2026	13915 Sherman Way	Van Nuys	Apartments	Glen Scher , Filip Niculete , Morgan Wetmore	15 units	$3,400,000	6.52%	$226,667
2026	8734-8736 Burnet Ave	North Hills	Apartments	Glen Scher , Filip Niculete , Morgan Wetmore	20 units	$4,100,000	6.57%	$205,000
2026	4623-4631 Beverly Blvd	Larchmont	Land	Glen Scher , Filip Niculete	—	$4,975,000	—	—
2026	6860 Woodley Ave	Van Nuys	Apartments	Glen Scher , Filip Niculete , Morgan Wetmore	7 units	$1,715,000	5.73%	$245,000
2026	3555 Siskiyou St	Boyle Heights	Apartments	Glen Scher , Filip Niculete	7 units	$1,100,000	—	$157,143
2026	4306-4310 W Victory Blvd	Burbank	Commercial	Glen Scher , Filip Niculete	3 units	$1,360,000	—	$453,333
2026	1431 N Vista St	Hollywood	Land	Glen Scher , Filip Niculete	—	$1,600,000	—	—
2026	3510 S Preston Rd	Celina	NNN	Glen Scher , Filip Niculete	1 unit	$2,352,941	—	$2,352,941
2026	6034 Fulton Ave	Van Nuys	Apartments	Glen Scher , Filip Niculete	12 units	$2,910,000	5.85%	$242,500
2026	2907 W Riverside Drive	Burbank	Apartments	Glen Scher , Filip Niculete , Morgan Wetmore	4 units	$1,590,000	4.37%	$397,500
2026	1010 S Bedford St	Pico-Robertson	Apartments	Glen Scher , Filip Niculete	12 units	$3,650,000	5.16%	$304,167
2026	5905 Whitnall Hwy	North Hollywood	Apartments	Glen Scher , Filip Niculete	8 units	$1,475,000	5.88%	$184,375
2026	500 W Lancaster Blvd	Lancaster	Commercial	Glen Scher , Filip Niculete	—	$1,295,000	7.90%	—
2026	4503 Castle Lane	La Cañada Flintridge	Apartments	Glen Scher , Filip Niculete , Morgan Wetmore	3 units	$1,280,000	3.70%	$426,667
2026	4123 Ocean View Blvd	Montrose	Apartments	Glen Scher , Filip Niculete , Morgan Wetmore	6 units	$1,685,000	4.94%	$280,833
2026	1715 Hwy 138 SE	Conyers	NNN	Glen Scher , Filip Niculete	1 unit	$2,900,000	—	$2,900,000
2026	4718-4726 Oakwood Ave	Koreatown	Land	Glen Scher , Filip Niculete	—	$4,700,000	—	—
2026	1536 Serrano Ave	East Hollywood	Apartments	Glen Scher , Filip Niculete	42 units	$7,600,000	6.38%	$180,952
2026	1943 19th St	Santa Monica	Apartments	Luka Leader	3 units	$1,749,000	5.14%	$583,000
2026	3662 Fredonia Dr	Hollywood Hills	Apartments	Glen Scher , Filip Niculete , Morgan Wetmore	4 units	$1,475,000	5.52%	$368,750
2026	1711 Galleria Blvd	Franklin	NNN	Glen Scher , Filip Niculete	—	$5,150,000	—	—
2026	14932 Kittridge St	Van Nuys	Apartments	Glen Scher , Filip Niculete	4 units	$1,734,000	4.10%	$433,500
2025	819 Beacon Ave	Downtown LA	Apartments	Glen Scher , Filip Niculete , Morgan Wetmore	15 units	$1,925,000	6.86%	$128,333
2025	201 El Camino Real	Menlo Park	Land	Glen Scher , Filip Niculete	10 buildable	$5,600,000	—	$560,000
2025	514-516 E Oak St & 601 Grand Ave	Ojai	Apartments	Glen Scher , Filip Niculete , Logan Ward	32 units	$8,250,000	5.63%	$257,813
2025	7749 St Bernard St	Playa Del Rey	Apartments	Glen Scher , Filip Niculete	14 units	$4,380,000	—	$312,857
2025	11700 Magnolia Blvd	Valley Village	Apartments	Glen Scher , Filip Niculete	19 units	$8,525,000	6.22%	$448,684
2025	3915 N Duke St	Durham	NNN	Glen Scher , Filip Niculete	—	$1,345,000	—	—
2025	4705-4709 Elmwood Ave	Koreatown	Land	Glen Scher , Filip Niculete	—	$3,050,000	—	—
2025	1701 E St NE	Washington	Apartments	Glen Scher , Filip Niculete	6 units	$1,850,000	11.32%	$308,333
2025	4201 Olton Rd	Plainview	NNN	Glen Scher , Filip Niculete	—	$5,750,000	—	—
2025	24966 Walnut St	Santa Clarita	Apartments	Glen Scher , Filip Niculete , Logan Ward	9 units	$1,825,000	5.32%	$202,778
2025	5917 Buffalo Ave	Van Nuys	Apartments	Glen Scher , Filip Niculete , Morgan Wetmore	5 units	$1,645,000	6.30%	$329,000
2025	1617 Barry Ave	West LA	Land	Glen Scher , Filip Niculete	—	$2,690,000	—	—
2025	4637 Laurel Canyon Blvd	Valley Village	Apartments	Glen Scher , Filip Niculete	5 units	$5,150,000	6.00%	$1,030,000
2025	1420 Cochran Ave	Mid-City	Apartments	Glen Scher , Filip Niculete	13 units	$1,150,000	—	$88,462
2025	1200 N H St	Oxnard	Apartments	Glen Scher , Filip Niculete	18 units	$4,647,332	5.47%	$258,185
2025	14015 Oxnard St	Van Nuys	Apartments	Glen Scher , Filip Niculete	32 units	$5,136,000	7.56%	$160,500
2025	6716 Sylmar Ave	Van Nuys	Apartments	Glen Scher , Filip Niculete	12 units	$3,500,000	6.34%	$291,667
2025	3205 Ocean Park Blvd	Santa Monica	Apartments	Glen Scher , Filip Niculete	6 units	$7,000,000	—	$1,166,667
2025	14658 Gilmore St	Van Nuys	Land	Glen Scher , Filip Niculete	—	$1,690,000	—	—
2025	12800 Oxnard St	North Hollywood	Apartments	Glen Scher , Filip Niculete , Morgan Wetmore	3 units	$1,125,000	5.62%	$375,000
2025	3920 Knobhill Dr	Sherman Oaks	Land	Glen Scher , Filip Niculete	—	$3,925,000	—	—
2025	1052 N Martel Ave	West Hollywood	Land	Glen Scher , Filip Niculete	—	$1,640,000	—	—
2025	1046 N Genesee Ave	West Hollywood	Land	Glen Scher , Filip Niculete	—	$1,860,000	—	—
2024	6228 Fulton Ave	Van Nuys	Apartments	Glen Scher , Filip Niculete	30 units	$8,740,000	6.05%	$291,333
2024	10611 Landale St	Toluca Lake	Apartments	Glen Scher , Filip Niculete	5 units	$1,400,000	5.34%	$280,000
2024	107 Traders Cross	Bluffton	NNN	Glen Scher , Filip Niculete	—	$6,295,000	—	—
2024	11143 Aqua Vista St	North Hollywood	Apartments	Glen Scher , Filip Niculete	10 units	$2,300,000	4.98%	$230,000
2024	12021 Hoffman St	Studio City	Apartments	Glen Scher , Filip Niculete	5 units	$1,495,000	4.40%	$299,000

Our Track Record

Closed Transactions Across Los Angeles

14 Full Years + 2026 YTD

Glen Scher

Filip Niculete

Complete Transaction History

Apartment Building Sales by Region

Frequently Asked Questions About Selling Your LA Apartment Building