{"id":952580,"date":"2026-04-17T14:59:05","date_gmt":"2026-04-17T18:59:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/marcus-millichap-closes-two-westside-los-angeles-multifamily-sales-at-record-value\/"},"modified":"2026-04-17T14:59:05","modified_gmt":"2026-04-17T18:59:05","slug":"marcus-millichap-closes-two-westside-los-angeles-multifamily-sales-at-record-value","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/marcus-millichap-closes-two-westside-los-angeles-multifamily-sales-at-record-value\/","title":{"rendered":"Marcus &amp; Millichap Closes Two Westside Los Angeles Multifamily Sales at Record Value"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Marcus &amp; Millichap Closes Two Westside Los Angeles Multifamily Sales at Record Value<\/b><\/p>\n<p>LOS ANGELES&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.marcusmillichap.com&amp;esheet=54517535&amp;newsitemid=20260417353855&amp;lan=en-US&amp;anchor=Marcus+%26amp%3B+Millichap+%28NYSE%3AMMI%29&amp;index=1&amp;md5=81f8db237b508597e35b0257b03881d8\">Marcus &amp; Millichap (NYSE:MMI)<\/a>, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of two multifamily properties totaling 61 units in the Brentwood neighborhood of Los Angeles, California for a combined value of $46.35 million.<\/p>\n<p>\n\u201cThe 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,\u201d said Rabbie Banafsheha of the Azzi Group of Marcus &amp; Millichap. \u201cThese are truly generational assets that come to market only once in a lifetime.\u201d Banafsheha and Tony Azzi of the Azzi Group of Marcus &amp; Millichap exclusively represented the seller.<\/p>\n<p>\nThe 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.<\/p>\n<p>\n\u201cBrentwood remains one of the most sought-after, and supply-constrained multifamily markets in Los Angeles,\u201d said Azzi. \u201cThrough targeted execution, we generated meaningful competitive tension and delivered a result that exceeded our client\u2019s expectations on both value and terms.\u201d<\/p>\n<p>\n\u201cThe Los Angeles multifamily market in 2026 remains highly selective, with elevated financing costs and disciplined underwriting shaping transaction activity,\u201d said Tony Solomon, senior managing director in Marcus &amp; Millichap\u2019s Los Angeles office. \u201cWhile overall volume has recovered, most trades have been concentrated in higher-supply submarkets where pricing remains under pressure. Brentwood stands apart as a high-barrier, supply-constrained market with limited new development, low vacancy, and strong long-term rental demand.\u201d<\/p>\n<p>\nTo complete these transactions, the Azzi Group of Marcus &amp; Millichap generated more than 10 offers, secured contracts in under 20 days and closed in less than 60 days.<\/p>\n<p><b><i>About Marcus &amp; Millichap, Inc. (NYSE: MMI)<\/i><\/b><\/p>\n<p><i>Marcus &amp; Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus &amp; Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit <\/i><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Furl.us.m.mimecastprotect.com%2Fs%2F7nqjC82oMRFkGrDPS1hDTyYOPJ%3Fdomain%3Dmarcusmillichap.com%2F&amp;esheet=54517535&amp;newsitemid=20260417353855&amp;lan=en-US&amp;anchor=www.MarcusMillichap.com&amp;index=2&amp;md5=ee0ed4453d5286d69280acf6397d487b\"><i>www.MarcusMillichap.com<\/i><\/a><i>.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260417353855r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260417353855\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260417353855\/en\/<\/a><\/span><\/p>\n<p><b>Gina Relva, VP of Public Relations<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:Gina.Relva@MarcusMillichap.com\"><b>Gina.Relva@MarcusMillichap.com<\/b><\/a><\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Residential Building &amp; Real Estate Commercial Building &amp; Real Estate Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260417353855\/en\/682345\/3\/MM_logo_288_300_whitebg.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Marcus &amp; Millichap Closes Two Westside Los Angeles Multifamily Sales at Record Value LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;Marcus &amp; Millichap (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of two multifamily properties totaling 61 units in the Brentwood neighborhood of Los Angeles, California for a combined value of $46.35 million. \u201cThe 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,\u201d said Rabbie Banafsheha of the Azzi Group of Marcus &amp; Millichap. \u201cThese are truly generational assets that come to market only once in a lifetime.\u201d Banafsheha and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/marcus-millichap-closes-two-westside-los-angeles-multifamily-sales-at-record-value\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Marcus &amp; Millichap Closes Two Westside Los Angeles Multifamily Sales at Record Value&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-952580","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Marcus &amp; Millichap Closes Two Westside Los Angeles Multifamily Sales at Record Value - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/marcus-millichap-closes-two-westside-los-angeles-multifamily-sales-at-record-value\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marcus &amp; Millichap Closes Two Westside Los Angeles Multifamily Sales at Record Value - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Marcus &amp; Millichap Closes Two Westside Los Angeles Multifamily Sales at Record Value LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;Marcus &amp; Millichap (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of two multifamily properties totaling 61 units in the Brentwood neighborhood of Los Angeles, California for a combined value of $46.35 million. \u201cThe 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,\u201d said Rabbie Banafsheha of the Azzi Group of Marcus &amp; Millichap. \u201cThese are truly generational assets that come to market only once in a lifetime.\u201d Banafsheha and &hellip; 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