Press Releases
Marcus & Millichap Arranges $8.65M Sale of 21-Unit Multifamily Property in Los Angeles
August 25, 2026
LOS ANGELES, Aug. 25, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 1345 S. Beverly Glen Blvd., a 21-unit multifamily property in Los Angeles. The property sold for $8.65 million, or $411,904 per unit.
"Properties like this rarely become available in West Los Angeles, especially those held by the same ownership for nearly three decades," said Sam Liberow, senior managing director investments. "The combination of a desirable unit mix, favorable construction era and value-add potential continues to drive investor demand for well-priced multifamily assets in this market, particularly those positioned for long-term rental growth."
Liberow, in Marcus & Millichap’s Encino office, had the exclusive listing to market the property on behalf of the seller, Southview Investment Company, and procured the buyer, Xenon Investments.
Built in 1988, the 25,186-square-foot property is situated on a 0.39-acre parcel at 1345 S. Beverly Glen Blvd. in Los Angeles. The 21-unit apartment community consists of 15 two-bedroom, two-bath units and six one-bedroom, one-bath units. Located near Century City, Beverly Hills and UCLA, the property provides residents with convenient access to major employment centers, shopping, dining and entertainment throughout West Los Angeles.
"Properties like this rarely become available in West Los Angeles, especially those held by the same ownership for nearly three decades," said Sam Liberow, senior managing director investments. "The combination of a desirable unit mix, favorable construction era and value-add potential continues to drive investor demand for well-priced multifamily assets in this market, particularly those positioned for long-term rental growth."
Liberow, in Marcus & Millichap’s Encino office, had the exclusive listing to market the property on behalf of the seller, Southview Investment Company, and procured the buyer, Xenon Investments.
Built in 1988, the 25,186-square-foot property is situated on a 0.39-acre parcel at 1345 S. Beverly Glen Blvd. in Los Angeles. The 21-unit apartment community consists of 15 two-bedroom, two-bath units and six one-bedroom, one-bath units. Located near Century City, Beverly Hills and UCLA, the property provides residents with convenient access to major employment centers, shopping, dining and entertainment throughout West Los Angeles.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
