Los Angeles Apartment Complex Sells for $14.2 Million at $200,000 Per Unit
Los Angeles, California | September 30, 2026: A 71-unit apartment property near Century City in Los Angeles has sold for $14.2 million, translating to $200,000 per unit. The transaction highlights investor interest in established rental properties on the city's Westside, where large multifamily assets are relatively scarce.
The property, located at 1441 S. Beverly Glen Boulevard in the Westwood submarket, offers access to major employment and educational centres, including UCLA and Century City.
71-Unit Property Changes Hands for $14.2 Million
The multifamily property was sold in a transaction announced on September 29, 2026, by Marcus & Millichap. The sale price of $14.2 million works out to approximately $200,000 per apartment.
The property was marketed on behalf of the seller, 1441 S Beverly Glen Investment LLC. Michael Sterman, senior managing director of investments at Marcus & Millichap's Encino office, represented the seller and procured the buyer.
1953-Built Building Offers 71 Rental Units
Built in 1953, the property spans approximately 41,859 square feet on a 0.67-acre site. It comprises 63 studio apartments and eight one-bedroom, one-bathroom units.
Its location in the Westwood submarket provides access to UCLA, Century City, Beverly Hills and Brentwood, along with employment, retail and dining destinations across Los Angeles' Westside.
Location Adds to the Property's Appeal
The property's proximity to major employment and educational centres was a key part of its investment appeal, according to Sterman.
He described the transaction as a rare opportunity to acquire a property of this size in West Los Angeles, where comparable assets are infrequently available. He also noted that the building's high concentration of studio units presented some challenges.
What the Sale Means for the Los Angeles Rental Market
The transaction demonstrates continued investor activity in established multifamily properties in the Westwood area. The property's location and existing apartment mix were among the factors highlighted by the broker.
However, the $200,000-per-unit sale price alone does not establish the property's rental yield or profitability. Those assessments would require details such as rental income, operating expenses, occupancy and any planned renovation costs.
A Significant Westside Multifamily Transaction
The sale adds another transaction to Los Angeles' multifamily market, involving a property with 71 units in a well-connected Westside location.
For investors evaluating similar assets, the transaction provides a reference point for a property of comparable scale and unit mix. Actual valuations, however, depend on individual building conditions, income and operating costs.