At Maher Commercial Realty, we specialize in connecting investors with high-potential multifamily properties across Los Angeles. Our expertise in identifying value-add opportunities, maximizing rental upside, and navigating development potential has delivered exceptional results for both buyers and sellers. Below, explore our current active listing and recently sold properties that demonstrate the continued strength of LA’s apartment market.
🏠 Active Multifamily Opportunity
12028-12032 W. Venice Blvd | Mar Vista Mixed-Use Gem
Price: $2,695,000 | 6 Residential Units + Retail
- Building Size: 6,194 SF | Lot Size: 8,248 SF (LAC2 TOC Tier 2)
- Current NOI: $119,413 (4.43% cap rate)
- Pro Forma NOI: $241,382 (8.9% cap rate after value-add)
- Immediate Upside:
- Retail: Month-to-month tenants at 50% below market ($5/SF NNN potential)
- Residential: 53% rent upside on 6 one-bedroom units
- ADU Potential: Two one-car garages for conversion
- Location: Steps from Mar Vista Farmers Market, Venice Blvd frontage
- Development Optionality: TOC Tier 2 allows future densification
✅ Recently Sold – Multifamily Expertise in Action
1. 1301-1309 Devon Avenue | Westwood Prestige Asset
Sale Price: $2,615,000 ($435,833/unit)
- 6 units in prestigious Comstock Hills
- 66% NOI upside through rent increases + ADU potential
- Zoning: [Q]RD1.5-1XL TOC Tier 2
- Location: <1 mile to UCLA, Century City
2. 4023 Lincoln Avenue | Culver City 4-Unit
Sale Price: $2,080,000 ($520,000/unit)
- 4 spacious units (2-bedroom, 1,065 SF each)
- Delivered with 3 units vacant – immediate market-rate lease-up
- Location: Steps from Sony Pictures, Culver City Arts District
- Parking: 1 garage + 3 carports
3. 2470 Purdue Avenue | West LA 8-Unit
Sale Price: $1,950,000 ($243,750/unit)
- 8 units | Building Size: 5,999 SF
- Price per SF: $325 (below replacement cost)
- Represented: Buyer in this value-add opportunity
4. 4563 Fountain Avenue | East Hollywood Value-Add
Sale Price: $1,550,000
- 8 units | Building Size: 5,624 SF | Zoning: C4-1D TOC Tier 3
- Development Potential: 29+ units via TOC/ED1 incentives
- Value-Add: Two units delivered vacant + Section 8 upside
- Location: Heart of East Hollywood near Virgil Village
5. 2300 S. Bentley Avenue | West LA 3-Unit
Sale Price: $1,260,000 ($420,000/unit)
- 3 units | Building Size: 3,060 SF
- Price per SF: $412 | Lot Size: 6,278 SF
- Represented: Buyer in this turnkey investment
Why Invest in LA Multifamily?
- Rental Growth: Westside apartments seeing 6%+ annual rent increases
- Value-Add Potential: Below-market portfolios offer 50-70% NOI growth
- Development Optionality: TOC zoning allows 2-3x density increases
- Stable Demand: UCLA, tech employers drive consistent tenant pool
Investment Strategy Spotlight
Our recent sales demonstrate three successful approaches:
- Value-Add Repositioning (4563 Fountain Ave, 4023 Lincoln Ave)
- Below-market rents + vacant units = immediate NOI growth
- Premium Location Play (1301 Devon Ave)
- Irreplaceable location + upside through ADU conversion
- Land Banking with Income (12028 Venice Blvd)
- Current cash flow + future development potential
Market Insights
- Mar Vista: Mixed-use properties with development rights trade at 20% premiums
- Westwood: Premium of $100K+/unit for value-add properties near UCLA
- Culver City: $500-600K/unit for well-positioned smaller buildings
- East Hollywood: TOC Tier 3 sites achieving $200-300K/unit upon conversion
Free Multifamily Analysis
Considering selling your apartment property? We provide:
- Complimentary rent roll analysis and value-add assessment
- Development potential evaluation (TOC, ADU, density bonuses)
- Market comparables and pricing strategy
Take the Next Step
Whether you’re seeking value-add opportunities, premium locations, or development potential, the Los Angeles multifamily market continues to deliver strong returns.
Contact us today to discuss current opportunities
Key Investment Metrics
| Property | Units | Price/Unit | Key Strategy |
|---|---|---|---|
| 12028 Venice | 6+retail | $449K | Value-Add + Development |
| 4563 Fountain | 8 | $194K | Value-Add + TOC Conversion |
| 4023 Lincoln | 4 | $520K | Lease-Up + Location |
| 1301 Devon | 6 | $436K | Premium Location + ADU |
| 2470 Purdue | 8 | $244K | Value-Add Repositioning |
| 2300 Bentley | 3 | $420K | Turnkey Investment |
Maher Commercial Realty: Your partner in multifamily investment success across Los Angeles.