29 Three-Beds, $667K/Door, Half of a West LA Portfolio.
The other half of a $46 million West LA portfolio.
At a glance
closed April 1, 2026
unit mix not disclosed
per door
per SF (gross)
at close, broker-stated
LARSO applies
full rent stabilization
Measure ULA, above threshold
60 units, 2 buildings
portfolio ask, Jan 28 2026
10.9% below ask
Seller: MLT Properties (Regional Developer)
What matters
- CoStar shows $19,348,500 as an allocated price on April 1.Same $46.35 million portfolio as 11911 Mayfield. Same 11% cut off a $52 million ask.
- 29 units. All three-beds at 1,725 SF.$667,190 a door. $363 a foot. 53,362 SF. Four stories. Built 1968. West LA. That is rent control. LARSO applies.
- Same buyer. KZL LLC. Same seller. MLT Properties.They held this one 156 months. About 13 years. Same brokers. Zach Friedman buy side. Tony Azzi and Rabbie Banafsheha listing.
- CoStar shows a 4.89% cap on the portfolio.No GRM. No NOI on this building. 1968 next to a 2007. Two different rent-law paths in one package.
The Location
Kiowa Avenue sits in the Brentwood pocket bounded by Sunset Boulevard to the north and San Vicente to the south, one of the tighter rental corridors in the 90049 zip.
Brentwood commands among the highest apartment rents on the Westside, with proximity to UCLA, Santa Monica's employment base, and a walkable Brentwood Village retail strip.
Tenants here are professionals and graduate students, not transient renters.
What an Operator Sees
The 1968 side.
All three-beds.
Rent control.
The other building is 2007. I will be publishing that one next.
I'm keeping the mix, location and the year.
I research these transactions to sharpen my own investment strategy and share what I find so Los Angeles owners, brokers and investors can debate the market with better information.
Know one other LA owner who'd want this deal? Forward this — reply with their email and I'll add them.
Property and transaction data: CoStar Research.
Write to David Safai at David@AtlasBrief.La
Appeared in the Sept. 6, 2026 edition of The Tape.