$27M for Half a Portfolio, $871K/Door
West LA. 2007. 31 units.
At a glance
confirmed at close
listed Jan 28, 2026
48% below ask
+ 1 nonconforming studio
per door (31 units)
w/ nonconforming studio
58,164 gross SF
at-close, broker-stated
3-story masonry
Measure ULA, above threshold
14-year hold by MLT Properties
Jan 28 to Apr 1, 2026
What matters
- $27,001,500 as an allocated price on April 1.The portfolio was $46.35 million for 60 units. The ask on the package was $52 million. They came off $5.65 million, about 11%.
- This building is 31 units. 8 studios. 23 three-beds.$871,016 a door on the allocated number. $464 a foot. 58,164 SF. Built 2007. Three stories. West LA. That is not RSO. AB 1482 still applies.
- The buyer is KZL LLC. KZL Mayfield LLC.The seller is MLT Properties. They held it 168 months. About 14 years. Zach Friedman at Miller & Desatnik was on the buy side. Tony Azzi and Rabbie Banafsheha at Marcus & Millichap listed it.
- It shows a 4.89% cap on the portfolio for Brentwood.
The Location
Mayfield Avenue sits one block south of Sunset Boulevard in the Brentwood-adjacent pocket of West Los Angeles, zip code
90049. This is some of the most liquid rental land in the city.
Daytime employment within three miles is nearly 245,000 workers.
1911 Mayfield is a three-story, built in 2007, 58,164 gross square feet on a 23,213 SF lot.
The AB 1482 and ULA Math
Because this building was completed in 2007, it sits outside LARSO.
AB 1482 applies. Annual rent increases are capped at 5% plus local CPI, with a hard ceiling of 10%.
Measure ULA assessed a transfer tax of $1,485,083 at close.
What an Operator Sees
Half a portfolio.
2007. No RSO.
$871,000 a door is not a cheap door. I like this number and it shows how valuable Brentwood is.
I don't have this building by itself. This is half of a combined $46M Sale.
I'm keeping the year and the package price.
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.