By Richard Berger
April 8, 2025
The property traded at one of the area’s highest per-unit prices in more than three years. The BW, which traded Los Angeles highest per-unit sale price in more than three years.
*Photo courtesy of Institutional Property Advisors
Institutional Property Advisors has arranged the $58.1 million sale of The BW, a 78-unit apartment community located in Los Angeles’s Brentwood neighborhood. FAMH Group Ltd. bought the property, which was priced at $744,872 per unit, from California Landmark Group.
The deal had the highest per-unit sale price for a $30+ million deal in Los Angeles in more than three years.
Completed in 2013, The BW includes studio, one-, two- and three-bedroom unit floorplans. All apartments have stainless-steel appliances, washers and dryers, as well as deep soaking tubs, walk-in closets and floor-to-ceiling double-pane windows. Electric vehicle charging stations, on-site garage parking, a fitness center, business center and rooftop lounge with a jacuzzi are the community amenities.
The BW also offers 2,300 square feet of ground-floor retail in one of California’s most affluent submarkets, with an average household income of $213,700. Located at the intersection of Wilshire Boulevard and Barrington Avenue, it is adjacent to Brentwood Village’s dining, shopping, entertainment, and recreational amenities. Onramps to Interstates 10 and 405 are located two miles to the southeast.
