RECENTLY SOLD: Prime Multifamily Assets Across Los Angeles

Maher Commercial Realty is proud to highlight our five most recent multifamily sales, showcasing our expertise in matching investors with high-potential properties across LA’s most desirable neighborhoods. From value-add opportunities in Westwood to transit-oriented development sites in East Hollywood, these transactions demonstrate the continued strength of LA’s rental market.

1. 1301 Devon Ave – Westwood’s Value-Add Gem

Sold for $2,615,000 ($435,833/unit)

6 units: Four 1BR + two studios
66% NOI upside: Below-market rents ($11,112 → $19,420 pro forma)
Prime Location: 0.5 miles to UCLA, Century City
Key Feature: Three 2-car garages with ADU conversion potential
Zoning: [Q]RD1.5-1XL TOC Tier 2

2. 4023 Lincoln Ave – Culver City Turnkey + Upside

Sold for $2,080,000 ($520,000/unit)

4 units: All 2BR/1BA (1,065 SF each)
Delivered with 3 units vacant: Immediate rent growth to $3,500+/unit
Walk Score: 89: Near Sony Studios, Culver Arts District
Parking: 1 garage + 3 carports

3. 1906 Malcolm Ave – Westwood’s Stable 8-Unit

Sold for $3,400,000 ($425,000/unit)

Unit Mix: Four 2BR + four 1BR
Long-term tenants: Avg. 5-year tenancy
Parking Goldmine: 15 spaces (rare for Westwood)
Near: UCLA, Beverly Hills, 405 Freeway

4. 2470 Purdue Ave – West LA’s 8-Unit Value Play

Sold for $1,950,000 ($243,750/unit)

5,999 SF building on 7,502 SF lot
Price per SF: $325 – Below replacement cost
Ideal for: Buyers seeking light repositioning in West LA

5. 4563 Fountain Ave – East Hollywood’s Development-Ready Site

8 units: All 1BR/1BA
Zoning: C4-1D TOC Tier 3 – 29+ units possible
Location: Blocks from Virgil Village, Silver Lake
Key Feature: 100% affordable potential via ED1

Why Investors Chose These Properties

Westwood/West LA:
- 1301 Devon & 1906 Malcolm: Proximity to UCLA commands $4+/SF rents
- 2470 Purdue: Entry price $244K/unit in supply-constrained market
Culver City:
- 4023 Lincoln: Vacant units allowed 20%+ rent bumps day one
East Hollywood:
- 4563 Fountain: TOC Tier 3 zoning for density bonuses

Market Trends Behind These Sales

Rent Growth: Westside apartments up 6% YoY (CoStar)
Value-Add Demand: Below-market rents attract 70% of buyers (CBRE)
Development Sites: TOC parcels trade at $50K+/door premiums

How We Maximized Value for Sellers

1301 Devon: Highlighted ADU potential to justify premium pricing
4023 Lincoln: Leveraged 3 vacant units to attract value-add buyers
4563 Fountain: Positioned as dual-purpose (cash flow + future development)