Two multifamily properties in the desirable Brentwood neighborhood of West Los Angeles have been sold for a combined $46.35 million, with contracts secured in less than 21 days. The transactions, totaling 61 units, were arranged by Marcus & Millichap and highlight the strong demand for well-located apartment buildings in the area.
Key Takeaways
- Two Brentwood multifamily properties totaling 61 units sold for $46.35 million.
- Contracts were secured in under 20 days, with closings in less than 60 days.
- The sales set a new benchmark for price per unit in Brentwood for 2026.
- The properties are located within walking distance of popular Brentwood amenities.
High Demand and Swift Transaction
The sale of the two apartment buildings, located at 11911 Mayfield Ave. (31 units plus a nonconforming studio) and 29-unit 11860 Kiowa Ave., generated significant interest. The Azzi Group of Marcus & Millichap, representing the seller, reported receiving over 10 offers. This intense competition allowed them to secure contracts in under 20 days and finalize the sales in less than 60 days.
A Benchmark for Brentwood
According to Rabbie Banafsheha of The Azzi Group, these transactions are among only five multifamily property sales to occur in Brentwood in 2026. The sales have established a new benchmark for price per unit in the neighborhood, attributed to the exceptional net outcome achieved through a favorable deal structure. Banafsheha described the properties as "generational assets that come to market only once in a lifetime."
Prime Location
The properties benefit from a prime West Los Angeles location. Residents are within walking distance of Brentwood Village, Montana Avenue, and San Vicente Boulevard. Additionally, popular landmarks such as the Brentwood Country Club, The Getty Center, and Brentwood Country Mart are in close proximity, further enhancing the appeal of these multifamily assets.