11642 Kiowa Ave Case Study
Brentwood, Los Angeles, CA
The Opportunity
11642 Kiowa was an opportunity to be the second brokerage to sell a 9-unit, value-add, rent-controlled apartment building in Brentwood. Built in 1967, rents ran roughly a third below market, and the property had sat on the market for nearly a year without traction, needing fresh positioning.
The Solution
We contacted previous buyers in the immediate vicinity and in comparable prestigious neighborhoods, coordinating with buyer brokers to generate multiple competitive offers. A prospect from our own client network who had previously shown interest in our listings emerged as the buyer.
The Results
We procured the buyer and closed escrow within two weeks of going under contract, with both parties satisfied by the efficient process.
See the full closed sale record for 11642 Kiowa Ave.
If You Are in a Similar Situation
Selling a value-add or rent-controlled building
Buildings with below-market rents and deferred work sell differently from fully renovated ones, and the rent rules shape what buyers will pay. Start with our guides to selling with tenants under rent control, the 2026 AB 1482 rent cap, and how buyers value an apartment building.
Frequently Asked Questions
How much did 11642 Kiowa Ave sell for?
11642 Kiowa Ave (Brentwood, Los Angeles, CA) sold for $4,250,000. The building has 9 units, or about $472,222 per unit, and about $513 per square foot of building area.
What happened in the sale of 11642 Kiowa Ave?
A Brentwood asset that sat stale on the market for nearly a year found a buyer within our own network in two weeks.
Can Highlight help me sell a similar building?
Yes. We advise apartment owners across the Los Angeles area on sales, 1031 exchanges, and trust and probate sales. Start with a free, confidential Broker Opinion of Value, or see our other case studies and closed sales.