A LA Multifamily success story in Brentwood
8 Units, North of Wilshire, Sold at 95% of List Price
11921 Goshen Ave.
Brentwood 8-unit at 11921 Goshen Ave sold for $3,800,000 after 9 tours, multiple offers, and a 21-day close with no credits.
Offering Price
$3,800,000
City
Brentwood
Current CAP
5.73%
Price per unit
$475,000
Lot Size
7,874 SF
11921 goshen ave
About the Property
11921 Goshen Ave is an 8-unit multifamily property located in Brentwood, north of Wilshire Blvd and within walking distance of San Vicente Blvd.
The property is comprised of (2) 3-bed units, (2) 2-bed units, and (4) 1-bed units. All units were renovated and include in-unit laundry and central air, creating a turnkey asset with a level of finish that is less common among older Westside inventory.
Positioned north of Wilshire, 11921 Goshen sits within one of Brentwood’s most established residential pockets, where walkability to San Vicente’s retail and dining corridor continues to support stable tenant demand.
Offering Price
$3,800,000
Number of Units
8 Units
Bldg. Size
6,700 SF
Price per Foot
$567
Year Built
1962
Market CAP
5.73%
Zoning
LAR3
Background
The seller of 11921 Goshen Ave was a long-time KST client that we had remained in contact with over several years.
By the time the decision was made to sell, the motivation was driven less by the asset itself and more by the broader operating environment. With increasing pressure from local legislation and a more selective buyer pool, the seller chose to exit and redeploy capital.
At the same time, 11921 Goshen remained a well-located and well-executed property. The question was how that quality would be evaluated relative to current pricing expectations in the Westside market.
Challenge
Buyer feedback on 11921 Goshen centered on income durability and relative pricing.
At a 12.25 GRM and approximately 5.4% CAP, the property was being compared against other turnkey Westside assets trading closer to the low 11 to 12 GRM range. That created hesitation among buyers focused on near-term yield.
The approach was to prioritize clarity over repositioning.
We focused on targeted outreach and in-person tours, ultimately walking 9 qualified buyers through 11921 Goshen. Touring the property allowed buyers to better understand the renovation quality, the operational simplicity, and the strength of the location.
It also reinforced the property’s proximity to San Vicente Blvd, where continued retail and restaurant activity has supported consistent tenant demand in Brentwood.
Result
11921 Goshen generated multiple offers following nine tours during the marketing process.
The buyer was sourced through an outside agent and proceeded all-cash with no contingencies. The property closed at $3,800,000, approximately 95% of the original list price, with no credits negotiated during escrow.
Escrow closed in 21 days.
In a more selective market, the outcome reflects disciplined pricing, targeted execution, and a process focused on identifying the right buyer rather than the broadest one. For a look at more of our recent sales, please click here.
