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Marcus & Millichap Closes Two Westside Los Angeles Multifamily Sales at Record Value

  • Marcus & Millichap announced the sale of two multifamily properties totaling 61 units in Brentwood, Los Angeles, for $46.35 million.
  • The properties include a 31-unit building at 11911 Mayfield Ave. with a nonconforming studio & a 29-unit building at 11860 Kiowa Ave.
  • These sales represent two of only five multifamily transactions completed in Brentwood in 2026, establishing a new price-per-unit benchmark.
  • The Azzi Group of Marcus & Millichap, represented by Rabbie Banafsheha & Tony Azzi, exclusively represented the seller.
  • The location offers proximity to Brentwood Village, Montana Avenue, San Vicente Boulevard, the Brentwood Country Club, The Getty Center, & the Brentwood Country Mart.
  • Brentwood is described as a supply-constrained market with limited new development, low vacancy, & strong long-term rental demand.
  • The Azzi Group generated over 10 offers, secured contracts in under 20 days, & closed the transactions in less than 60 days.
  • Marcus & Millichap reported closing 8,818 transactions totaling $50.8 billion in sales volume during 2025.