Taksa Investment Group Acquires Multifamily Property In Brentwood For $18M

Located in the prestigious neighborhood of Brentwood, this multifamily property at 11692 Chenault St has made headlines as the largest property to sell in the area in the last 5 years. With a spacious area of 32,764 square feet, this property offers ample living space for its residents. The transaction took place on July 3, 2019, marking the first time in 40 years that the property has been sold. The prime location of this asset, situated North of San Vicente Blvd, adds to its appeal in the market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $18,000,000
• Square Footage: 32,764
• Price per Square Foot: $549.38
• Market: Brentwood

The sale of this property was facilitated by the expertise of Jonathan Taksa from Taksa Investment Group. As the broker representative for this transaction, Jonathan played a pivotal role in the successful completion of the deal. His knowledge and experience in the Brentwood market ensured that both the buyer and seller had a smooth and efficient transaction process.

This sale presents a significant milestone for the Brentwood neighborhood and indicates the strong demand for prime properties in the area. With its impressive size, attractive location, and a sale price of $18,000,000, this property sets a benchmark in Brentwood's real estate market.