Brentwood Multifamily Property
11964 Kiowa Avenue, Los Angeles, CA 90049
For Sale
$7,875,000
18-unit multifamily property in prime Brentwood location.
Property Size19,026 SF
Lot Size0.33 Acres
Price / SF$413.91
Days on Market372
Property Features for 11964 Kiowa Avenue
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Remax Commercial and Investment Realty
Listed By:
Jonathan Taksa · License CA #01366169
(310) 968-5303
Source:
Compass
Added: Nov 9, 2025
Changed: Nov 12
Last Checked: Jul 23 at 5:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Remax Commercial and Investment Realty
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Investment Insights
Based on property information with market context.
Located in the heart of Brentwood, this multifamily property presents a rare opportunity. Constructed in 1968, this 18-unit building features a mix of one, two, and three-bedroom floor plans. The property is situated on a 14,504 square foot double lot zoned R3. On-site parking is available, and a soft-story seismic retrofit has already been completed. A landscaped courtyard and an on-site laundry facility are among the property's features. A new roof has been installed. The unit mix includes 12 one-bedroom/one-bath units, 4 two-bedroom/two-bath units, and 2 three-bedroom/two-bath 2-story townhome-style units. The property is separately metered for utilities. The location offers proximity to dining, retail, and entertainment venues along San Vicente Boulevard and Montana Avenue, with access to the ocean, UCLA, and other destinations.
Key Highlights
- Prime Brentwood location, steps from San Vicente Blvd and Montana Ave, near dining, retail, and entertainment.
- Rare 18‑unit multifamily property, offering a significant rental footprint in a supply‑constrained market.
- Mix of one, two, and three‑bedroom units, desirable to tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$306,144
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,122,880
$6.1M
Cap Rate 7%
$4,373,486
$4.4M
Cap Rate 9%
$3,401,600
$3.4M
Market Conditions
NOI Build-Up for 19,026 SF
Gross rent
$605.0K $31.80/SF
− Vacancy
−$48.4K −$2.54/SF
EGI
$556.6K $29.26/SF
− OpEx
−$250.5K −$13.17/SF
NOI
$306.1K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,122,880
Cap Rate 7%
$4,373,486
Cap Rate 9%
$3,401,600
Alternative Uses
Best Use
Apartment 5plus
$4.37M
$3.83M – $5.10M
NOI $306,144 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.94M
$6.95M – $9.27M
NOI $556,051 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
7,138
Businesses Nearby
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Business Placement
Demographics for 90049, CA
36,980
Population
18,684
Households
2
Avg Household Size
41
Median Age
81%
College-Educated
99%
High-School Grad
15.0 sq mi
ZIP Area
2,465
Density / Sq Mi
$169,898
Median Household Income
$100,046
Median Earnings
$2,913
Median Rent
$2,000,001
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 18-unit multifamily property in prime Brentwood location.
Where is this apartment building located?
The property is located at 11964 Kiowa Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,875,000.
What are key features of this property?
This property features: Prime Brentwood location, steps from San Vicente Blvd and Montana Ave, near dining, retail, and entertainment.; Rare 18‑unit multifamily property, offering a significant rental footprint in a supply‑constrained market.; Mix of one, two, and three‑bedroom units, desirable to tenants.
