Westwood Multifamily Broker
Apartment Building Sales & Advisory in Westwood
Ben Lewin specializes in the sale of multifamily and apartment buildings throughout Westwood 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 Westwood.
Recent Westwood Multifamily Sales
Ben Lewin has represented multifamily transactions throughout Westwood and the surrounding Westside, working with apartment owners and investors across a range of property sizes and investment profiles.
Selected Westwood transactions include:
1231 Devon Ave, 10354, 10366 & 10370 Ashton Ave
14 Units | 4-Property Portfolio | Westwood
Sold for $4,600,000
10721 Ashton Ave
4 Units | Westwood
Sold for $2,077,000
10791 Wilkins Ave
6 Units | Westwood
Sold for $2,100,000
Additional Westwood and Westside multifamily transactions can be viewed on the Track Record page.
Westwood Multifamily Market
Westwood is one of the Westside’s most established multifamily markets, supported by its proximity to UCLA, Century City, major employment centers and a strong base of renter demand.
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 Westwood apartment owners to evaluate current market value, understand recent comparable sales and determine how active buyers are underwriting properties in today’s market.
Westwood Multifamily FAQ
How do I determine the value of my Westwood apartment building?
The value of a Westwood 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 Westwood apartment building values?
Westwood apartment buildings may be subject to the City of Los Angeles Rent Stabilization Ordinance (RSO) and/or California’s Tenant Protection Act of 2019 (AB 1482).
The RSO generally applies to many rental properties in the City of Los Angeles built on or before October 1, 1978, and regulates allowable rent increases and certain eviction requirements.
AB 1482 generally applies to many California rental properties that are more than 15 years old and are not otherwise exempt or subject to a more protective local rent-control ordinance. It generally limits annual rent increases to 5% plus inflation or 10%, whichever is lower, and includes just-cause eviction protections.
These regulations can affect apartment building values because they influence existing rents, future rent growth, tenant turnover assumptions and the amount of value-add potential available to an investor.
Who is buying apartment buildings in Westwood?
Westwood attracts local apartment owners, private investors, family offices, 1031 exchange buyers and investors seeking long-term exposure to a highly desirable Westside rental market.
Buyer demand is often strongest for well-located properties with attractive existing income, meaningful rental upside, larger unit mixes or a clear value-add opportunity.
What do buyers look at when underwriting a Westwood 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 proximity to UCLA, Century City and other major employment centers, along with financing costs and future rental upside.
How does proximity to UCLA affect Westwood multifamily values?
Proximity to UCLA can support long-term rental demand in Westwood because of the university’s large student, faculty and employee population, as well as the broader demand created by nearby employment centers.
The impact on value varies by location, unit mix, property condition and tenant profile, so buyers still evaluate each property based on its individual income and investment characteristics.
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 Westwood 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 Westwood 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 Westwood Apartment Building Worth?
Request a confidential property valuation and current market analysis for your Westwood multifamily property.