Brentwood multifamily sold after 40 years of ownership

November 1, 2016

As reported by Karen Jordan

A Brentwood multifamily property owned by a family trust for 40 years has just changed hands. Investment Real Estate Associates managing broker Jonathan Krikorian tells Bisnow the family decided it was finally the right time to sell.

The two identical buildings at 12033 and 12039 Goshen Ave in Brentwood have nine primarily one- and two-bedroom units in 8,829 SF each. The property was sold for $500k/unit or $510/SF, according to Jonathan (pictured above with his parents, Raffi and Ani, and girlfriend, Francesca).

The "aggressive pricing" in the area and local market conditions helped sway the seller's decision, Jonathan says.  The buyer is a private LLC that is very active on the Westside, including in Brentwood and Santa Monica, he says. Jonathan, along with Investment Real Estate Associates SVP Clark Everitt and SVP William Everitt repped both the buyer and the seller.

Read more at Bisnow.