Marcus & Millichap arranged the sale of two multifamily properties totaling 61 units in the Brentwood neighborhood of West Los Angeles for a combined $46.35 million. Rabbie Banafsheha and Tony Azzi of the Azzi Group of Marcus & Millichap exclusively represented the seller.
“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,” said Banafsheha. “These are truly generational assets that come to market only once in a lifetime.” The Azzi Group generated more than 10 offers, secured contracts in under 20 days and closed in less than 60 days.
The properties are 11911 Mayfield Ave., which has 31 units and a nonconforming studio, and 29-unit 11860 Kiowa Ave. Brentwood Village, Montana Avenue and San Vicente Boulevard are within walking distance and the Brentwood Country Club, The Getty Center and Brentwood Country Mart are nearby.
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Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
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The Roxborough Group, LLC has acquired Bidwell Park, a 246-unit apartment community in Fremont, for $109.4 million. The 95% occupied property at 39800 Fremont Blvd. represents Roxborough’s second multifamily acquisition in Northern California within Roxborough Fund III, L.P., a $518-million discretionary fund focused on opportunistic and value-add investments. “The acquisition of Bidwell Park aligns with...
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Higher-than-expected September inflation has been driving the CRE narrative of increased cost of capital, along with rising operating and construction expenses. The consumer price index rose 3.7% year-over-year in September, according to the U.S. Bureau of Labor Statistics, while the producer price index for final demand climbed 6.3% A recent Marcus & Millichap video said...
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