Marcus & Millichap

Lonnie McDermott

Overview

Lonnie McDermott is a Land & Multi-Family Apartment specialist in the firm's Encino office. As a Land & Multi-Family Specialist, Mr. McDermott exclusively represents buyers and sellers of investment properties throughout the Western United States. Mr. McDermott has more than 10 years experience in the real estate industry and has closed over 30 investment real estate transactions valued over $50 Million during his career. Lonnie McDermott has achieved numerous awards and distinctions, including Pace Setter Award & Rookie of the Year.

Lonnie McDermott graduated with a Bachelor of Arts from Hamline University, St. Paul, MN and also holds a real estate license in California.

Encino
Lonnie McDermott

Lonnie McDermott

Vice President Investments
Tel: (818) 212-2745
Fax: (818) 212-2710

License:  CA  01874375

Associate Member - National Multi Housing Group
Director - National Land Group
Senior Director - National Land Group

Promoted to Senior Associate in February, 2013
Promoted to Associate Vice President Investments in January, 2016
Promoted to Vice President Investments in July, 2016

Hamline University, Bachelors

National Achievement Award - 2015
Sales Recognition Award - 2015

Listed Properties

Transactions Closed

  • The Enclave Apartments

    The Enclave Apartments

    Multifamily

    Paramount, CA
    Price: $61,200,000
    Size: 329,070 sqft
    Size: 306 units
    Cap Rate: 6.44%

  • The Verona

    The Verona

    Multifamily

    Studio City, CA
    Price: $12,600,000
    Size: 43,214 sqft
    Size: 35 units
    Cap Rate: 4.56%

  • Warner Center Development

    Warner Center Development

    Land - Multi-Family

    Woodland Hills, CA
    Price: $4,312,500
    Size: 49,192 sqft

  • Mixed-Use Development

    Mixed-Use Development

    Land - Mixed-Use

    Sylmar, CA
    Price: $4,202,875
    Size: 55,025 sqft

  • 20600 Roscoe Boulevard

    20600 Roscoe Boulevard

    Land - Single-Family

    Winnetka, CA
    Price: $3,600,000

  • R-3 Sherman Oaks Development

    R-3 Sherman Oaks Development

    Land - Multi-Family

    Sherman Oaks, CA
    Price: $3,350,000
    Size: 24,000 sqft

  • 3046 East Florence Avenue

    3046 East Florence Avenue

    Land - Mixed-Use

    Huntington Park, CA
    Price: $3,115,000
    Size: 16,577 sqft

  • Hollywood Small Lot Development

    Hollywood Small Lot Development

    Land - Mixed-Use

    Los Angeles, CA
    Price: $3,075,000
    Size: 16,180 sqft

  • 13400 Victory Boulevard

    13400 Victory Boulevard

    Multifamily

    Van Nuys, CA
    Price: $2,950,000
    Size: 16,498 sqft
    Size: 28 units
    Cap Rate: 6.80%

  • Summit Avenue Bungalows and Apartments

    Summit Avenue Bungalows and Apartments

    Multifamily

    Pasadena, CA
    Price: $2,450,000
    Size: 11,808 sqft
    Size: 20 units
    Cap Rate: 5.42%

  • 4410 South Budlong Avenue

    4410 South Budlong Avenue

    Land - Commercial

    Los Angeles, CA
    Price: $2,400,000
    Size: 35,685 sqft

  • Land Development Opportunity

    Land Development Opportunity

    Land - Multi-Family

    Winnetka, CA
    Price: $2,300,000
    Size: 65,549 sqft

  • Outback Steakhouse

    Outback Steakhouse

    Net Leased Restaurant

    Arcadia, CA
    Price: $2,174,000
    Size: 6,763 sqft
    Cap Rate: 5.75%

  • 1685 North Summit Avenue

    1685 North Summit Avenue

    Multifamily

    Pasadena, CA
    Price: $1,970,000
    Size: 11,808 sqft
    Size: 20 units
    Cap Rate: 6.17%

  • 5555 Carpenter Avenue

    5555 Carpenter Avenue

    Multifamily

    Valley Village, CA
    Price: $1,890,000
    Size: 8,750 sqft
    Size: 05 units
    Cap Rate: 4.26%

  • 13530 Victory Boulevard

    13530 Victory Boulevard

    Multifamily

    Valley Glen, CA
    Price: $1,875,000
    Size: 9,863 sqft
    Size: 13 units
    Cap Rate: 5.47%

  • Land Development

    Land Development

    Land - Multi-Family

    Panorama City, CA
    Price: $1,825,000
    Size: 39,600 sqft

  • 16565 Vanowen Street

    16565 Vanowen Street

    Multifamily

    Van Nuys, CA
    Price: $1,800,000
    Size: 8,392 sqft
    Size: 12 units
    Cap Rate: 5.01%

  • Chick-fil-A

    Chick-fil-A

    Net Leased Restaurant

    Cordele, GA
    Price: $1,778,000
    Size: 4,000 sqft
    Cap Rate: 4.50%

  • Development Opportunity in Koreatown

    Development Opportunity in Koreatown

    Land - Multi-Family

    Los Angeles, CA
    Price: $1,700,000
    Size: 9,862 sqft

  • 607 West 9th Avenue

    607 West 9th Avenue

    Retail Vacant/User

    Escondido , CA
    Price: $1,650,000
    Size: 14,016 sqft
    Cap Rate: 2.46%

  • Silver Lake Land Assemblage

    Silver Lake Land Assemblage

    Land - Multi-Family

    Los Angeles, CA
    Price: $1,630,000
    Size: 22,500 sqft

  • Koreatown R4 Development Opportunity

    Koreatown R4 Development Opportunity

    Land - Multi-Family

    Los Angeles, CA
    Price: $1,575,000
    Size: 7,747 sqft

  • R3 Land Development Opportunity

    R3 Land Development Opportunity

    Land - Multi-Family

    Sylmar, CA
    Price: $1,550,000
    Size: 43,470 sqft

  • Studio City Development Opportunity

    Studio City Development Opportunity

    Land - Multi-Family

    Studio City, CA
    Price: $1,535,000
    Size: 6,500 sqft

  • 7115 Tampa Avenue

    7115 Tampa Avenue

    Land - Single-Family

    Reseda, CA
    Price: $1,500,000

  • 5529 Harold Way

    5529 Harold Way

    Multifamily

    Hollywood, CA
    Price: $1,375,000
    Size: 7,769 sqft
    Size: 10 units
    Cap Rate: 0.65%

  • McDonalds

    McDonalds

    Net Leased Restaurant

    Farmington Hills, MI
    Price: $1,350,000
    Size: 4,500 sqft
    Cap Rate: 4.30%

  • Miracle Mile R3 Development Opportunity

    Miracle Mile R3 Development Opportunity

    Land - Multi-Family

    Los Angeles, CA
    Price: $1,340,000
    Size: 7,046 sqft

  • 14133 Victory Boulevard

    14133 Victory Boulevard

    Multifamily

    Van Nuys, CA
    Price: $1,285,000
    Size: 7,561 sqft
    Size: 15 units
    Cap Rate: 5.97%

  • 31-Unit Apartment Development

    31-Unit Apartment Development

    Land - Multi-Family

    North Hills, CA
    Price: $1,250,000
    Size: 19,592 sqft

  • 18528 Chase Street

    18528 Chase Street

    Land - Multi-Family

    Northridge , CA
    Price: $1,200,000
    Size: 19,130 sqft

  • 18 Single Family Development Opportunity

    18 Single Family Development Opportunity

    Land - Single-Family

    Sunland, CA
    Price: $1,185,000
    Size: 206,965 sqft

  • Erwin Apartments

    Erwin Apartments

    Multifamily

    Van Nuys, CA
    Price: $1,150,000
    Size: 8,033 sqft
    Size: 11 units
    Cap Rate: 6.36%

  • 1298 West 37th Place

    1298 West 37th Place

    Student Housing

    Los Angeles, CA
    Price: $1,050,000
    Size: 3,604 sqft
    Size: 03 units
    Cap Rate: 6.44%

  • 1238 West 35th Street

    1238 West 35th Street

    Student Housing

    Los Angeles, CA
    Price: $1,025,000
    Size: 3,400 sqft
    Size: 03 units
    Cap Rate: 6.92%

  • Union Drive Apartments

    Union Drive Apartments

    Multifamily

    Los Angeles, CA
    Price: $1,017,500
    Size: 10,950 sqft
    Size: 18 units
    Cap Rate: 7.13%

  • 2370 South Robertson Boulevard

    2370 South Robertson Boulevard

    Shopping Neighborhood

    Los Angeles, CA
    Price: $925,000
    Size: 2,872 sqft
    Cap Rate: 7.06%

  • 14369 Chatsworth Drive

    14369 Chatsworth Drive

    Multifamily

    San Fernando, CA
    Price: $925,000
    Size: 4,320 sqft
    Size: 10 units
    Cap Rate: 6.87%

  • 18726-18730 Vanowen Street

    18726-18730 Vanowen Street

    Land - Single-Family

    Reseda, CA
    Price: $905,000
    Size: 48,046 sqft

  • 6453 Shirley Avenue

    6453 Shirley Avenue

    Multifamily

    Reseda, CA
    Price: $815,000
    Size: 5,880 sqft
    Size: 08 units
    Cap Rate: 5.80%

  • Estate Home Development Opportunity

    Estate Home Development Opportunity

    Land - Single-Family

    Sylmar, CA
    Price: $800,000
    Size: 222,156 sqft

  • Silver Lake/Echo Park R3 Development

    Silver Lake/Echo Park R3 Development

    Land - Multi-Family

    Los Angeles , CA
    Price: $795,000
    Size: 10,236 sqft

  • 3046 East Florence Avenue

    3046 East Florence Avenue

    Land - Mixed-Use

    Huntington Park, CA
    Price: $790,000
    Size: 16,577 sqft

  • 238 South Avenue 21

    238 South Avenue 21

    Multifamily

    Los Angeles, CA
    Price: $780,000
    Size: 4,663 sqft
    Size: 10 units
    Cap Rate: 7.07%

  • 7127 Canoga Avenue

    7127 Canoga Avenue

    Retail Vacant/User

    Canoga Park, CA
    Price: $775,000
    Size: 4,500 sqft
    Cap Rate: 6.54%

  • Hollywood Hills West 8-Unit Apartment Development

    Hollywood Hills West 8-Unit Apartment Development

    Land - Multi-Family

    Hollywood Hills, CA
    Price: $750,000
    Size: 12,038 sqft

  • Hollywood R3 Development Opportunity

    Hollywood R3 Development Opportunity

    Land - Multi-Family

    Los Angeles, CA
    Price: $741,300
    Size: 4,079 sqft

  • Hollywood R3 Development Opportunity

    Hollywood R3 Development Opportunity

    Land - Multi-Family

    Los Angeles, CA
    Price: $725,000
    Size: 2,387 sqft

  • Land Development Opportunity

    Land Development Opportunity

    Land - Multi-Family

    Van Nuys, CA
    Price: $700,000
    Size: 44,870 sqft

  • 3421 Walton Avenue

    3421 Walton Avenue

    Student Housing

    Los Angeles, CA
    Price: $700,000
    Size: 1,942 sqft
    Size: 04 units
    Cap Rate: 6.27%

  • Calabasas Land

    Calabasas Land

    Land - Hotel/Motel

    Calabasas, CA
    Price: $675,000
    Size: 917,373 sqft

  • 7 Unit Apartment Development

    7 Unit Apartment Development "RTI"

    Land - Multi-Family

    Canoga Park, CA
    Price: $675,000
    Size: 7,500 sqft

  • Historical West Adams Development Opportunity

    Historical West Adams Development Opportunity

    Land - Multi-Family

    Los Angeles, CA
    Price: $650,000
    Size: 13,500 sqft

  • Sun Valley M2 Zoned Land Opportunity

    Sun Valley M2 Zoned Land Opportunity

    Land - Mixed-Use

    Sun Valley, CA
    Price: $625,000
    Size: 15,428 sqft

  • 1401 Court Street

    1401 Court Street

    Land - Multi-Family

    Los Angeles, CA
    Price: $605,000
    Size: 6,020 sqft

  • 2403 West 4th Street

    2403 West 4th Street

    Land - Multi-Family

    Los Angeles, CA
    Price: $600,000
    Size: 23,565 sqft

  • 334 Beardsley Avenue

    334 Beardsley Avenue

    Multifamily

    Bakersfield, CA
    Price: $600,000
    Size: 11,400 sqft
    Size: 12 units
    Cap Rate: 8.61%

  • Silver Lake/Echo Park R3 Development

    Silver Lake/Echo Park R3 Development

    Land - Multi-Family

    Los Angeles , CA
    Price: $580,000
    Size: 5,001 sqft

  • Land Development Opportunity

    Land Development Opportunity

    Land - Multi-Family

    North Hills, CA
    Price: $570,000
    Size: 19,910 sqft

  • R3 Development Opportunity

    R3 Development Opportunity

    Land - Multi-Family

    Canoga Park, CA
    Price: $500,000
    Size: 7,500 sqft

  • Land Development Opportunity

    Land Development Opportunity

    Land - Multi-Family

    North Hills, CA
    Price: $480,000
    Size: 19,550 sqft

  • 44000 East Sahuayo Street

    44000 East Sahuayo Street

    Land - Commercial

    Lancaster, CA
    Price: $425,000

  • 509 East Avenue Q1

    509 East Avenue Q1

    Multifamily

    Palmdale, CA
    Price: $420,000
    Size: 4,050 sqft
    Size: 06 units
    Cap Rate: 6.47%

  • 7910 Kester Avenue

    7910 Kester Avenue

    Multifamily

    Panorama City, CA
    Price: $400,000
    Size: 4,602 sqft
    Size: 06 units
    Cap Rate: 7.51%

  • 4.16 Acres Land For Sale

    4.16 Acres Land For Sale

    Land - Commercial

    Palmdale, CA
    Price: $400,000
    Size: 181,210 sqft

  • West Adams District R3 Development Opportunity

    West Adams District R3 Development Opportunity

    Land - Multi-Family

    Los Angeles, CA
    Price: $270,000
    Size: 8,023 sqft

  • 14832 Gilmore Street

    14832 Gilmore Street

    Land - Multi-Family

    Van Nuys, CA
    Price: $240,000
    Size: 7,500 sqft

  • Cantara Estates

    Cantara Estates

    Land - Single-Family

    Woodland Hills, CA
    Price: $165,000
    Size: 28,166 sqft