LAAA Team | Marcus & Millichap

With over $1.4 billion in sales volume, the LA Apartment Advisors aim to provide an uncompromised, transparent, and elevated real estate experience.

[LAAA Team | Marcus & Millichap @LaaaTeam]

***JUST LISTED***

Vacant, cleared land with prior structures already demolished

Positioned as a MIIP mixed-income project at roughly 38 units, with AB 1287 and AHIP to about 52

A previous 33-unit plan has expired, but some of its reports can be reused

Prime Sawtelle frontage in Little Osaka, with no parking required under AB 2097

Priced at $2,995,000
$78,816 per Buildable Unit
$427.55 per Land SqFt

https://t.co/YyCdz6Gsho

#LAAA #MarcusMillichap #Multifamily #RealEstate #CRE #Development

[LAAA Team | Marcus & Millichap @LaaaTeam]

***JUST CLOSED***

First open-market sale in roughly 30 years from a long-held family estate

All-cash close, recorded about six weeks after launch

Priced off the LAAA Team's own recent Van Nuys closings (6716 Sylmar, 6228 Fulton)

Non-RSO (AB 1482 only), 12-unit mix a half-mile from LA Valley College

Closed at $2,910,000
$242,500 per Unit
$302.68 per SqFt
5.85% CAP
10.08 GRM

https://t.co/Bkea0r84kX

#LAAA #MarcusMillichap #Multifamily #RealEstate #CRE

[LAAA Team | Marcus & Millichap @LaaaTeam]

***JUST CLOSED***

4 Units | Burbank Media District

Closed at roughly 98% of asking after a first escrow was canceled and the property was re-marketed

Multiple competing offers within about two weeks of the April relaunch

About 17% rental upside with major capital items already completed (new roof, copper re-pipe, new water main) and rear-garage ADU optionality

Qualified for residential (not commercial) four-unit financing, a key advantage of two-to-four-unit buildings

Closed at $1,590,000
4.37% CAP | 14.88 GRM

https://t.co/PeKYYUWmN3

#LAAA #MarcusMillichap #Multifamily #RealEstate #CRE

[LAAA Team | Marcus & Millichap @LaaaTeam]

***JUST LISTED***

Shovel ready with approved Architectural, Civil, Landscape, and Structural plan sets

9 detached California Craftsman cottages on 10 platted lots (Tract 5964)

Steps from the Ojai Avenue Arcade, downtown shops, and the Saturday farmers market

1.14 acres in the Village Mixed-Use District, approved via Planned Development permit

Priced at $3,700,000
$411,111 per Buildable Home
$73 per Land SqFt

https://t.co/sJWXVWEMah

#LAAA #MarcusMillichap #Multifamily #RealEstate #CRE #Development

[LAAA Team | Marcus & Millichap @LaaaTeam]

***JUST LISTED***

Delivered Ready-to-Issue entitlement for a 150-unit ED1 mixed-use building over ground-floor retail

16,220 square foot hard corner at Robertson Boulevard and Beverlywood Street

100% affordable program with 149 affordable units plus one manager unit, 62,833 buildable square feet

Priced at $7,995,000
$53,300 per Buildable Unit
$127.24 per Land SqFt

For more information, please contact us at:

Filip Niculete
Senior Managing Director
818-212-2748
[email protected]
License: CA: 01905352

Glen Scher
Senior Managing Director
818-212-2808
[email protected]
License: CA: 01962976

https://t.co/7tBBHTrFem

#LAAA #MarcusMillichap #Multifamily #RealEstate #CRE #Development

[LAAA Team | Marcus & Millichap @LaaaTeam]

***PRICE REDUCED***

Now $3,750,000 - reduced from $3,950,000

15-unit townhouse-style multifamily built 1989 on the Sherman Way transit corridor

Approximately 23.6% rent upside - $372,828 in-place gross scheduled rent to $460,800 at pro forma market rents

5.80% cap rate, 9.99 GIM, $250,000 per unit, and $232.28 per SF

RSO exempt and subject only to AB 1482, with most leases month-to-month for near-term capture

First offering in 30-plus years - estate disposition with TOC Tier 1 entitlement optionality

https://t.co/rdu86j3Eq1

#LAAA #MarcusMillichap #Multifamily #RealEstate #CRE

[LAAA Team | Marcus & Millichap @LaaaTeam]

***PRICE REDUCED***

Receivership Sale

149 Studio Units | Bakersfiled

Converted Motel | Distressed Property

CUP Entitlement Approved
Fire Systems Complete

Priced at $8,400,000
$56,376 per Unit
$136.59 per SqFt
9.03% CAP
4.70 GRM

https://t.co/g0GKPBtxOF

#LAAA #MarcusMillichap #Multifamily #RealEstate #CRE

[LAAA Team | Marcus & Millichap @LaaaTeam]

***PRICE REDUCED***

Second price reduction to $4,495,000 from $4,550,000

Potential for up to 8 additional ADUs under SB 1211

Other income from utility bill-back,
two garages, laundry, and storage - ~$19,440/yr

18 RSO units across three buildings on one ~0.45-acre NoHo lot

Priced at $4,495,000
$249,722 per Unit / $476.52 per SF
6.24% CAP / 10.80 GIM

https://t.co/OEzlCUlH5e

#LAAA #MarcusMillichap #Multifamily #RealEstate #CRE

[LAAA Team | Marcus & Millichap @LaaaTeam]

***JUST LISTED***

CCR4 zoning in the Culver City Arts District

21 buildable units on a 7,500 SF infill lot

Priced at $2,000,000
$95,238 per Buildable Unit
$267 per Land SqFt

https://t.co/e5ViTNBDuX

#LAAA #MarcusMillichap #Multifamily #RealEstate #CRE #Development

[LAAA Team | Marcus & Millichap @LaaaTeam]

***PRICE REDUCED***

Motivated ownership with materially reduced pricing
from $4,995,000 to $4,250,000

1.06 acre vacant lot with 46,035 SF of land area in Pacoima

Delivered RTI plans for 293 affordable apartment units

ED-1 100% affordable development site in a qualified Opportunity Zone

Priced at $4,250,000
$14,505 per Buildable Unit
$92.32 per Land SF

https://t.co/EjLu4EufIy

#LAAA #MarcusMillichap #Multifamily #RealEstate #CRE #Development

[LAAA Team | Marcus & Millichap @LaaaTeam]

***JUST CLOSED***

Second LAAA sale of the same North Hollywood multifamily asset, first in 2021 and again in 2026

Closed at $1,475,000, which was $150,000 above the prior 2021 sale price

Closed with a first-time buyer pursuing a value-add North Hollywood multifamily acquisition

8-unit value-add property with current rents materially below pro forma market rents

Closed at $1,475,000
$184,375 per Unit
$276.37 per SF
5.88% CAP
10.06 GRM

https://t.co/vdBUI1Tkig

#LAAA #MarcusMillichap #Multifamily #RealEstate #CRE

[LAAA Team | Marcus & Millichap @LaaaTeam]

***PRICE REDUCED***

Newly reduced from $3,800,000 to $3,725,000

12 units (3x 1BR + 9x 2BR) on a 7,405 SF corner lot in Pico-Robertson

Approximately 23% rental upside through natural turnover

First time on market since 2007, priced below replacement cost

Priced at $3,725,000
$310,417 per Unit
$288 per SF
11.27 GRM
5.17% CAP

https://t.co/1Qow1rHaxX

#LAAA #MarcusMillichap #Multifamily #RealEstate #CRE

[LAAA Team | Marcus & Millichap @LaaaTeam]

***JUST CLOSED***

Generated over 10 offers within a week of being on market

Highly desirable la canada area and limited inventory

Closed in 30 days

Value add

Closed at $1,280,000
$426k/Unit | $548/SF
3.70% CAP | 17.57 GRM

https://t.co/POnS0cgECT

#LAAA #MarcusMillichap #Multifamily #RealEstate #CRE

[LAAA Team | Marcus & Millichap @LaaaTeam]

***JUST LISTED***

Three distinct floor plans: flats, lofts, and 2BR units

22-space basement garage (1.83:1 parking ratio)

10 of 12 tenants on month-to-month leases

Priced at $3,150,000
$262,500 per Unit
$327.65 per SqFt
5.36% CAP
10.92 GRM

https://t.co/cSP7t5bmXx

#LAAA #MarcusMillichap #Multifamily #RealEstate #CRE

[LAAA Team | Marcus & Millichap @LaaaTeam]

***JUST LISTED***

Uniform 2BR/2BA flats at ~1,050 SF each, simplest operations

Full HVAC replacement Aug 2025 (10-year warranty)

6 of 7 tenants on month-to-month leases

Priced at $1,850,000
$264,286 per Unit
$236.27 per SqFt
5.31% CAP
10.44 GRM

https://t.co/Otal3dXcDv

#LAAA #MarcusMillichap #Multifamily #RealEstate #CRE

[LAAA Team | Marcus & Millichap @LaaaTeam]

***JUST LISTED***

Premium townhome format: 12 of 15 units, ~1,100 SF,
$100-$200/mo premium over valley flats

23.6% rent upside: pro forma market rents of $2,650 townhome
and $2,200 flat

At 15 units, no on-site manager required (16-unit LA threshold)

Priced at $3,950,000
$263,333 per Unit
$244.67 per SqFt
5.45% CAP
10.59 GRM

https://t.co/xPiSgZPN6y

#LAAA #MarcusMillichap #Multifamily #RealEstate #CRE

[LAAA Team | Marcus & Millichap @LaaaTeam]

***JUST LISTED***

10-unit lender-owned REO on 0.85 acres in Echo Park (Walk Score 96)

77% rent upside with rents resetting to market upon turnover

Detached 3BR house with pool on separate parcel (APN 5419-028-030)

Dual C2/R2 zoning with TOC Tier 3: 35 units permitted (vs. 10 existing)

Priced at $2,590,000
$259,000 per Unit
$457.27 per SqFt
4.24% CAP
14.69 GRM

https://t.co/bURax32VHi

#LAAA #MarcusMillichap #Multifamily #RealEstate #CRE

[LAAA Team | Marcus & Millichap @LaaaTeam]

***JUST LISTED***

Entitled 27-unit, 5-story residential building

Opportunity Zone Investment

Institutional-Quality Asset Design

Prime NoHo Arts District Location

https://t.co/Cw7iWGJvKl

#LAAA #MarcusMillichap #Multifamily #RealEstate #CRE #Development

[LAAA Team | Marcus & Millichap @LaaaTeam]

***PRICE REDUCED***

Receivership Sale

149 Studio Units | Bakersfiled

Converted Motel | Distressed Property

CUP Entitlement Approved
Fire Systems Complete

Priced at $8,950,000
$60,067 per Unit
$145.53 per SqFt
8.39% CAP
5.01 GRM

https://t.co/g0GKPBtxOF

#LAAA #MarcusMillichap #Multifamily #RealEstate #CRE

[LAAA Team | Marcus & Millichap @LaaaTeam]

***JUST CLOSED***

6 Units | Montrose | Built in 1948

Nearly 30 Years of Ownership
Sourced All-Cash Buyer After 8 Days on Market
1031 Exchange into 4 DSTs with $600,010 in Capital Gains Deferred
Monthly Cash Flow Increased 146% ($2,891 to $7,123)

Closed at $1,685,000
4.94% CAP | 12.38 GRM

https://t.co/gPYjkEZT7Q

#LAAA #MarcusMillichap #Multifamily #RealEstate #CRE