Premier Multifamily Asset in Brentwood Changes Hands for $824,900 Per Unit
Why are premium multifamily assets in affluent neighborhoods like Brentwood so sought after? Institutional Property Advisors (IPA), a division of Marcus & Millichap has just provided a compelling answer. Dedicated to serving institutional clients, IPA announced the sale and financing of Luxe Villas, a 60-unit multifamily property in Brentwood, Los Angeles, for $49,494,000, or $824,900 per unit. “This transaction represents one of only three post-2000 built assets of 50-plus units to trade in Brentwood in the last 25 years,” said Kevin Green, IPA executive managing director.
Key Insights at a Glance
- Transaction Value: Luxe Villas sold for $49,494,000, or $824,900 per unit.
- Market Rarity: One of only three post-2000 built assets of 50-plus units to trade in Brentwood in the last 25 years.
- Affluent Submarket: Brentwood has average annual household incomes over $213,000.
- Financing Arrangement: IPA Capital Markets arranged the acquisition financing, supported by a deep pool of capital and competitive credit terms.
Why Premium Multifamily Assets Are a Rare Commodity in Brentwood
In the highly competitive multifamily market, premium assets in affluent neighborhoods like Brentwood stand out. Luxe Villas, with its prime location and modern amenities, is a testament to this. “Brentwood, with average annual household incomes over $213,000, is one of the most affluent multifamily submarkets in California,” said Joseph Grabiec. The rarity of such properties trading in the market adds to their value, making transactions like this a significant event for institutional investors.
Why the Window for Action Is Closing Fast
Just as a rare gem attracts immediate attention, the sale of Luxe Villas highlights the urgency for investors to secure premium multifamily assets. With a deep pool of capital and competitive credit terms, the current lender environment is highly supportive. “The agencies remain highly competitive, continuing to offer aggressive credit terms and attractive spreads for quality assets,” said Jake Vitta. This window of opportunity may not last, as market conditions can shift rapidly.
Institutional Property Advisors Mobilizes for Strategic Transactions
Institutional Property Advisors (IPA) is committed to facilitating strategic transactions for its institutional clients. Institutional Property Advisors represented the seller and procured the buyer, TruAmerica Multifamily, ensuring a smooth and successful deal. The property’s amenities, including a central courtyard, rooftop lounge, and electric vehicle charging stations, make it a standout asset. The unit mix, featuring one one-bedroom unit, 53 two-bedroom units, and six three-bedroom units, with all but one renovated, further enhances its appeal. Institutional Property Advisors will continue to leverage its expertise to identify and execute high-value transactions in prime markets.
Future Outlook
The multifamily market in Brentwood is poised for continued growth, much like a well-crafted investment portfolio that yields consistent returns. With Luxe Villas now under the ownership of TruAmerica Multifamily, the property is set to benefit from the company’s expertise in managing and enhancing multifamily assets. The strategic location, near Brentwood Village and major employment centers, positions Luxe Villas for long-term success.
Conclusion
The sale of Luxe Villas underscores the value of premium multifamily assets in affluent markets like Brentwood. Institutional Property Advisors‘ role in this transaction highlights its commitment to serving institutional clients with high-quality real estate solutions. Join the conversation in the comments below.
About Institutional Property Advisors (IPA)
Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offers customized solutions for the acquisition, disposition and financing of institutional properties and portfolios.
About IPA Capital Markets
IPA Capital Markets is a division of Marcus & Millichap (NYSE: MMI). IPA Capital Markets provides major private and institutional clients with commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, and sponsor equity.
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & 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 & Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1808 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.
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