Units: 8 · Sale price: $3,775,000 · Price per unit: $471,875 · Closed: March 2020
A 8-unit small multifamily property at 11711 Kiowa Ave in Brentwood, sold March 2020 for $3,775,000 — approximately $471,875 per unit.
2020 LA multifamily absorbed a Q2 COVID shock and recovered through H2. Pricing held for stabilized inventory; transaction volume returned by year-end.
Brentwood LA multifamily is Westside premium territory, with low turnover and strong institutional demand.
Small multifamily properties in this range trade primarily among private investors, family offices, and 1031 exchangers.
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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