Two multifamily properties with a combined 61 units in Brentwood sold for more than $46 million.

“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 (a) favorable deal structure,” Rabbie Banafsheha of Calabasas-based brokerage Marcus & Millichap said in a statement. “These are truly generational assets that come to market only once in a lifetime.”

Banafsheha and Tony Azzi represented the seller in the transaction.

“Brentwood remains one of the most sought-after, and supply-constrained multifamily markets in Los Angeles,” Azzi said in a statement. “Through targeted execution, we generated meaningful competitive tension and delivered a result that exceeded our client’s expectations on both value and terms.”

A look at the sale

A property at 11911 Mayfield Ave., which was part of the sale, has 31 units and a “nonconforming studio,” according to a release. The second property at 11860 Kiowa Ave. has 29 units.

Brentwood Village, Montana Avenue and San Vicente Boulevard are in walking distance of both complexes.

The assets got more than 10 offers and closed in less than 60 days.

“The Los Angeles multifamily market in 2026 remains highly selective, with elevated financing costs and disciplined underwriting shaping transaction activity,” Tony Solomon, senior managing director in Marcus & Millichap’s Los Angeles office, said in a statement. “While 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.”