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As the leading multifamily brokerage selling West Hollywood apartment buildings, The Glaser Group has successfully represented dozens of owners and investors across the neighborhood.
Whether you’re selling a value-add 6-unit apartment building off Fairfax Ave or a trophy property near the Sunset Strip, our data-driven marketing and extensive buyer network help you achieve record pricing with smooth closings.
Our Recent Multifamily Sales in West Hollywood
1643 N Formosa Ave, West Hollywood, CA 90046
Sold for $2,067,500 | 8 Units Built in 1956
After nearly 25 years under the same ownership, the sellers of 1643 N Formosa Ave were frustrated with the day-to-day management of owning apartments and decided that it was time to move on. They had previously listed with another large brokerage, but they were unable to generate offers that met the sellers’ expectations. In the hopes of finally getting the building sold, they interviewed our group. After meeting with us and reviewing our valuation & marketing strategy, they selected us for our deep track record in the submarket, recognizing that we are one of the top multifamily brokers in West Hollywood.
We listed this 8-unit and received immediate attention, with 5 offers in just the first 2 weeks. We ultimately sourced a 1031 exchange buyer that was seeking a multifamily investment in a prime pocket of LA, and we were able to negotiate an all-cash deal for our sellers with few contingencies and a quick 30-day close.
Our clients were then able to exchange the proceeds from the sale of their apartment building into an out-of-state retail investment, greatly improving their cash flow and quality of life. Overall, the sellers were extremely pleased with the outcome, as were we.
1016 N Laurel Ave, West Hollywood, CA 90046
Sold for $3,275,000 | 10 Units Built in 1963
Our seller was an elderly, retired attorney who had purchased his 10-unit West Hollywood apartment building with his sister nearly 45 years ago. As a long-term owner of LA multifamily real estate, our client had never ventured into other asset classes. Upon his sister’s passing, he was facing several major issues with his Laurel Ave property: Strict West Hollywood rent control was dampening his monthly return, the 3rd party management company was overspending on repairs, and a COVID eviction moratorium resulted in several non-paying tenants and routine rent freezes.
Given this unfortunate situation, our client agreed that a 1031 exchange into a 100% passive DST (Delaware Statutory Trust) would be the perfect vehicle to preserve & grow his equity and leave a simpler estate to his heirs one day in the future.
Within one week of listing Laurel Ave for sale, we secured an above-ask offer from the owner of the neighboring asset, and executed a smooth 60-day closing for record breaking pricing north of 18 GRM and in the 3% cap rate range.
1146 N Formosa Ave, West Hollywood, CA 90046
Sold for $2,250,000 | 8 Units Built in 1956
This charming 8-unit mid-century apartment building was owned and operated by three sisters for several decades. After many years of ownership, they decided that it was time to sell off the asset and individually 1031 exchange their proceeds into better suited investments.
The owners of 1146 N Formosa Ave interviewed our team along with one other highly active West Hollywood apartment broker, but chose us for our pricing, expansive buyer network and overall track record within West Hollywood city limits.
Within 2 weeks of taking on this listing, our team was able to generate an all-cash offer from the owner of one of the adjacent lots, executing on a smooth 30-day escrow. Despite low rents and high interest rates, we were able to achieve multiple all-cash offers and an extremely aggressive closing price. The final closing metrics were a 3.96% cap rate and 15.25 GRM, which were significantly above market averages at the time.
Overall, the sellers were ecstatic with their choice to hire The Glaser Group.
Meet Your West Hollywood Multifamily Expert
Jake Glaser: Top 1% West Hollywood Apartment Broker
Jake Glaser is the Principal Broker & Founder of The Glaser Group, specializing in the sale of apartment buildings in West Hollywood & Los Angeles. Jake is one of the highest transacting apartment building brokers in LA, with over $55 million personally closed in 2024 across 25 transactions. He advises his clients in the acquisition and disposition of multifamily properties across the city, ranging from 4-plexes up to large apartment complexes in the $1M - $25M range. In total, he has closed over $187 million of commercial and multifamily volume within LA County, and he is the #2 producing agent at Lyon Stahl Investment Real Estate.
In addition to multifamily and commercial dispositions, he specializes in 1031 exchanges on a national level, having helped countless clients reposition their portfolios by trading their assets into local and out-of-state multifamily, triple-net, and DST opportunities.
Let’s connect today to start an honest, open dialogue about your unique situation to see how we can better your position, whether it be now or in the future.
 
        
        
      
    
     
        
        
      
    
     
                         
            
              
            
            
          
             
            
              
            
            
          
            