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Based on information from California Regional Multiple Listing Service, Inc. as of February 25, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. To view the full disclaimer, please click here.
Brentwood Multi-family Homes, Properties and Apartment Buildings for Sale
Brentwood is a neighborhood in the Westside of Los Angeles and is a great place to buy or sell multifamily, duplex, triplex, fourplex and larger commercial apartment properties. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available to buy multifamily rental properties such as duplexes, triplexes, and fourplexes. These properties can bring in great income and can be sold quickly if you need to move your investments around. Since Brentwood is in the city of Los Angeles, there is rent control, unless the building falls under one of the exceptions, which are listed under the definition of "Rental Unit" in LAMC 151.02.
Brentwood’s northern area consists largely of single-family homes. The southern area, south of Sunset, is made up of a mix of single-family homes and apartments. The area south of San Vicente Boulevard consists mostly of apartments. About 48% of the housing stock is occupied by renters. The median rent in 2011 in Brentwood was $1,844, which is also much higher than the median rent in Los Angeles $1,033 in the same year.
Brentwood’s population was 37,814 as of 2011, which is among the lowest population densities for the city and the county. Its residents are considered highly educated and affluent. The estimated median household income in 2011 was $121,443, which is considered high for the city and the county, especially if you compare it to the California median which was $57,287 in 2011. Brentwood’s residents are mostly in management and financial industries with 27% of all male residents and 16% of females being in management.
The city also enjoys being close to a variety of conveniences. The Los Angeles International Airport (LAX) is only 14 miles away. The hospital Saint John’s Health Center is only a few miles away in neighboring city Santa Monica. There are also a number of universities and colleges near Brentwood, with the biggest being the University of California Los Angeles (UCLA) which has over 37,000 full time enrolled students and is only 2 miles away.
Brentwood has many attractions, including San Vicente Boulevard, which is divided by a wide median on which stand many large coral trees that have been named a City of Los Angeles Historic-Cultural Monument. It is also only a few miles from the Santa Monica Pier which is a recreational and entertainment center featuring restaurants, retail establishments and an amusement park.
All of these features make Brentwood a great city to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, wealthy community has great attractions, a healthy work industry, and above average rent. The desirability to live here make it an ideal location for multifamily living and the city does have great duplex, triplex, and fourplex properties.
Also serving other Los Angeles County Cities.
This information was gathered from www.city-data.com and wikipedia
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