"The two sales are among just five multifamily transactions completed in Brentwood in 2026, establishing a new benchmark for price per unit while delivering an exceptional net outcome through favorable deal structure."
"Brentwood remains among the most sought-after multifamily markets in Los Angeles, with limited properties available to buyers."
"Brentwood stands apart as a high-barrier, supply-constrained market with limited new development, low vacancy and strong long-term rental demand."
A family office acquired two apartment buildings in Brentwood for a total of $46.4 million, achieving a record price of $760,000 per unit. The purchase included a 31-unit complex on Mayfield Avenue and a 29-unit complex on Kiowa Avenue. The deal, brokered by Marcus & Millichap, is part of a limited number of multifamily transactions in Brentwood for 2026. Brentwood is characterized by high demand, low vacancy rates, and limited new development, making it a highly sought-after market for multifamily investments.
Read at therealdeal.com
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