Pico-Robertson Multifamily Broker
Apartment Building Sales & Advisory in Pico-Robertson
Ben Lewin specializes in the sale of multifamily and apartment buildings throughout Pico-Robertson and the surrounding Westside.
As a Director Investments with Marcus & Millichap, Ben advises apartment building owners on property valuations, disposition strategy, 1031 exchanges, buyer demand and current market conditions throughout Pico-Robertson.
Recent Pico-Robertson Multifamily Sales
Ben Lewin has represented multifamily transactions throughout Pico-Robertson and the surrounding Westside, working with apartment owners and investors across a range of property sizes and investment profiles.
Selected Pico-Robertson transactions include:
2035 Chariton St
15 Units | Pico-Robertson
Sold for $3,415,000
2033 Chariton St
18 Units | Pico-Robertson
Sold for $4,400,000
Additional Pico-Robertson and Westside multifamily transactions can be viewed on the Track Record page.
Pico-Robertson Multifamily Market
Pico-Robertson is an established Westside multifamily neighborhood supported by strong renter demand, central access to Beverly Hills, Century City, West Los Angeles and surrounding employment centers.
Apartment building values are influenced by location, unit mix, existing rents, property condition, operating expenses, rent-control regulations and the amount of future rental upside available to an investor.
Ben Lewin works with Pico-Robertson apartment owners to evaluate current market value, understand recent comparable sales and determine how active buyers are underwriting properties in today’s market.
Pico-Robertson Multifamily FAQ
How do I determine the value of my Pico-Robertson apartment building?
The value of a Pico-Robertson multifamily property depends on factors including current rents, unit mix, location, property condition, operating expenses, rent-control restrictions, recent comparable sales, financing conditions and current investor demand.
A property-specific valuation should account for both the existing income and the future upside available to a buyer.
How do Los Angeles rent control laws affect Pico-Robertson apartment building values?
Many Pico-Robertson apartment buildings may be subject to the City of Los Angeles Rent Stabilization Ordinance (RSO). The RSO generally applies to rental properties in the City of Los Angeles built on or before October 1, 1978, subject to certain exceptions, and regulates rent increases and evictions.
Properties not covered by the RSO may still be subject to other local or state tenant protections, including the City of Los Angeles Just Cause Ordinance and California’s Tenant Protection Act of 2019 (AB 1482).
These regulations can affect apartment building values because buyers consider existing rents, future rent growth, tenant turnover assumptions, operating expenses and the amount of long-term rental upside available at the property.
Who is buying apartment buildings in Pico-Robertson?
Pico-Robertson attracts local apartment owners, private investors, family offices, 1031 exchange buyers and investors seeking long-term exposure to a centrally located Westside rental market.
Buyer demand is often strongest for well-located properties with attractive current income, meaningful rental upside, desirable unit mixes or a clear value-add opportunity.
What do buyers look at when underwriting a Pico-Robertson apartment building?
Buyers typically evaluate current rents, market rents, operating expenses, unit mix, property condition, rent-control status, recent comparable sales, cap rate, gross rent multiplier, price per unit and price per square foot.
They also consider financing costs, future rental upside and the property’s proximity to Beverly Hills, Century City and other major Westside employment centers.
Why do multifamily investors target Pico-Robertson?
Pico-Robertson offers a central Westside location, strong renter demand and convenient access to Beverly Hills, Century City, West Los Angeles and surrounding neighborhoods.
Its established apartment stock and limited supply can create opportunities for long-term investors as well as buyers seeking value-add potential.
Should I get a property valuation even if I am not ready to sell?
Yes. An updated valuation can help an owner understand current equity, recent comparable sales, buyer demand and how the property is positioned in the market.
Many owners request valuations simply to stay informed, evaluate refinancing or estate-planning decisions, consider a future 1031 exchange or determine whether current market conditions make a sale worth exploring.
How does a 1031 exchange work when selling a Pico-Robertson apartment building?
A 1031 exchange may allow an investor to defer capital gains taxes by selling an investment property and reinvesting the proceeds into another qualifying investment property.
The process is highly time-sensitive, so owners considering an exchange should coordinate early with their tax advisor, qualified intermediary and real estate professionals.
Why Work With Ben Lewin
Ben Lewin specializes in multifamily investment sales throughout Pico-Robertson and Los Angeles' Westside.
Through Marcus & Millichap, Ben combines local market knowledge with broad exposure to active private investors, 1031 exchange buyers and multifamily owners throughout Southern California.
His approach is focused on accurate pricing, targeted marketing, competitive buyer outreach and helping owners make informed decisions based on current market conditions.
What Is Your Pico-Robertson Apartment Building Worth?
Request a confidential property valuation and current market analysis for your Pico-Robertson multifamily property.