Brentwood Deal Marks L.A.'s Highest Price Per Unit in 3 Years

Brentwood Deal Marks L.A.'s Highest Price Per Unit in 3 Years

A powerhouse brokerage team at Institutional Property Advisors (IPA) has closed yet another Southern Californian multifamily sale, this time for one of the highest price-per-unit totals across Los Angeles in recent memory.  L.A.-based developer California Landmark Group sold the BW, a 78-unit apartment complex at 1168 South Barrington Avenue, in the upscale Brentwood neighborhood on L.A.’s Westside, to Famh Group for $58.1 million — or nearly $7…

The BW in Brentwood Sells for $744K Per Unit, Sets New LA Benchmark

LA’s Priciest Apartment Deal in Years Just Closed in Brentwood Institutional Property Advisors (IPA), a division of Marcus & Millichap, has purchased a luxury apartment complex in Brentwood for $58.1 million, according to a press release. This marks one of the highest price-per-unit sales in Los Angeles in more than three years.  Known as The BW, the 78-unit mixed-use property, which includes 2,300 square feet of ground-floor retail, changed han…