Mystery buyer snags two apartment buildings in Brentwood for $46M

A family office has picked up two apartment buildings in Brentwood for a combined $46.4 million – for a record price per unit of $760,000, according to the broker. The undisclosed buyer purchased a 31-unit complex at 11911 Mayfield Avenue with an attached “nonconforming studio” and a 29-unit complex at 11860 Kiowa Avenue, L.A. Business First reported. The seller was an undisclosed private investor.  The 61-unit deal was brokered by Marcus & Millichap, which claimed the buyer shelled out a record price per apartment of nearly $760,000. The context of the purported record – such as whether it was limited […]This article originally appeared on The Real Deal. Click here to read the full story.