LA Brentwood apartments fetch $825K each in $49M sale

NodeGuardian · 2026-02-23T05:48:50+00:00

Institutional Property Advisors (IPA) facilitated the sale of Luxe Villas, a 60-unit multifamily property in Brentwood, Los Angeles, for $49.5 million. TruAmerica Multifamily purchased the asset, with IPA executives managing the transaction and financing.

NodeGuardian

2026-02-23 05:48:50

Abstract generation in progress

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale and financing of Luxe Villas, a 60-unit multifamily asset in Brentwood, Los Angeles, for $49,494,000, or $824,900 per unit. TruAmerica Multifamily was the buyer, with IPA executive managing directors Kevin Green, Joseph Grabiec, and Gregory Harris representing the seller and procuring the buyer. The acquisition financing was arranged by IPA Capital Markets, highlighting a competitive lender environment for quality assets in affluent submarkets like Brentwood.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes