Institutional Property Advisors Brokers Sale and Financing of Luxe Villas in Brentwood
Institutional Property Advisors (IPA), the institutional brokerage division of Marcus & Millichap (NYSE: MMI), has successfully closed the sale and arranged acquisition financing for Luxe Villas, a 60-unit multifamily community located in the Brentwood neighborhood of Los Angeles. The asset traded for $49,494,000, equating to approximately $824,900 per unit, underscoring continued investor demand for high-quality West Los Angeles multifamily properties.
The transaction represents a significant milestone in the Brentwood submarket, particularly given the limited number of comparable properties delivered after 2000 that have changed hands over the past quarter-century. The deal highlights both the scarcity of institutional-grade multifamily assets in the neighborhood and the resilience of capital targeting core Westside locations.
Rare Institutional-Quality Asset in Brentwood
According to Kevin Green, executive managing director at IPA, Luxe Villas stands among the premier multifamily offerings in Brentwood. Over the last 25 years, only three multifamily properties built after 2000 with more than 50 units have traded in this highly sought-after enclave. This limited turnover has created a constrained investment landscape, increasing the strategic importance of opportunities such as Luxe Villas.
Green, alongside Joseph Grabiec and Gregory Harris of IPA, represented the seller in the transaction and also procured the buyer, TruAmerica Multifamily, a nationally recognized multifamily investment firm with a strong footprint in supply-constrained coastal markets.
Brentwood itself continues to distinguish itself as one of the most affluent multifamily submarkets in California. With average annual household incomes exceeding $213,000, the area offers an exceptionally strong renter profile, characterized by high earning potential, professional employment, and stable long-term residency patterns. These socioeconomic fundamentals provide a compelling foundation for sustained rental demand and asset appreciation.
Strong Capital Markets Execution
In addition to brokering the sale, IPA Capital Markets arranged the acquisition financing. The debt placement team included Brian Eisendrath, Cameron Chalfant, and Jake Vitta, who structured financing in a lending environment marked by both liquidity and competition.
Despite broader market volatility over recent years, the multifamily sector—particularly well-located, high-quality assets—continues to attract significant lender interest. Agencies remain especially competitive, offering aggressive credit terms and attractive spreads for properties that demonstrate high in-place income, renovation potential, and location-driven demand.
Vitta noted that today’s lender environment benefits from a deep and diversified pool of capital sources. Institutional lenders, agency lenders, and other capital providers continue to pursue multifamily investments in core submarkets like Brentwood, reinforcing confidence in the long-term fundamentals of West Los Angeles.
Prime Westside Location with Walkable Amenities
Luxe Villas benefits from an exceptional infill location within walking distance of Brentwood Village, a vibrant retail and dining hub. Residents have convenient access to neighborhood boutiques, restaurants, cafés, and essential services, contributing to a highly walkable lifestyle that appeals to affluent renters.
The property is also situated near more than two million square feet of office space along Wilshire and San Vicente boulevards. This concentration of employment centers supports strong rental demand from professionals seeking proximity to work while enjoying the residential character of Brentwood.
Connectivity is further enhanced by convenient access to Interstates 405 and 10, which link residents to major employment hubs across the Westside and Silicon Beach corridor. Key destinations include Santa Monica, Playa Vista, Venice, Marina del Rey, Culver City, and Century City. These areas collectively represent a powerful employment engine spanning technology, media, entertainment, and creative industries.
Luxe Villas is also proximate to nearly eight million square feet of Westside office and creative space occupied by prominent companies such as HBO, Lionsgate, Red Bull, Hulu, Riot Games, and Activision. The presence of these employers reinforces the property’s appeal to a renter base employed in high-paying creative and technology sectors.
Modern Amenities and Design Features
Luxe Villas offers a blend of lifestyle-driven amenities and functional design features tailored to contemporary renter expectations. The property centers around a landscaped courtyard that fosters community interaction and outdoor relaxation. A rooftop lounge provides additional gathering space with elevated views, creating an attractive amenity for both social engagement and private enjoyment.
The inclusion of electric vehicle charging stations aligns with evolving tenant preferences and sustainability considerations. As EV adoption continues to increase, this infrastructure positions the asset competitively within the market.
Parking is accommodated through a two-level gated garage, offering both security and convenience—key features in dense urban environments like West Los Angeles. Controlled access further enhances resident privacy and safety.
Thoughtfully Configured Unit Mix
The 60-unit property comprises a diverse mix of floor plans designed to accommodate a range of household types. The unit distribution includes one one-bedroom apartment, 53 two-bedroom units, and six three-bedroom residences. All but one unit have undergone renovations, supporting rent growth and enhancing the overall quality of the living experience.
Upgraded residences feature in-unit washers and dryers, double-pane windows for improved energy efficiency and noise reduction, and modernized plumbing and electrical systems. These improvements not only elevate resident comfort but also mitigate long-term capital expenditure risks for ownership.
One of the most distinctive enhancements involves the reconfiguration of the three-bedroom layouts. These units were redesigned to create 18 co-living suites, each featuring private-entry smart lock systems and en-suite bathroom configurations. This adaptive strategy reflects shifting renter preferences, particularly among young professionals who value privacy within shared living arrangements. The co-living model enables efficient space utilization while offering individual autonomy, making the property competitive in a high-cost housing market.
Investment Significance in a Supply-Constrained Market
The sale of Luxe Villas underscores the continued strength of institutional appetite for well-located multifamily assets in coastal California markets. Brentwood’s barriers to entry, limited new supply, and high-income demographics create a resilient investment environment.
With few comparable assets trading over the past two decades, the transaction sets a benchmark for pricing and investor confidence in the submarket. The nearly $825,000 per-unit valuation reflects both the property’s quality and the premium associated with irreplaceable Westside locations.
As capital continues to seek stable, income-producing assets in affluent urban enclaves, transactions like Luxe Villas demonstrate the enduring appeal of Brentwood’s multifamily sector. Through strategic brokerage representation and competitive financing execution, IPA delivered a comprehensive transaction that aligns with both seller objectives and buyer investment strategies.
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