11666 Mayfield Ave - Apartments FOR SALE


Los Angeles, CA 90049- Brentwood
$7,800,000 USD
310-968-5303
11666 Mayfield Ave, Los Angeles, CA for Sale
$7,800,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

11666 Mayfield Ave
Los Angeles, CA 90049
Brentwood


HIGHLIGHTS

  • HUGE PRICE REDUCTION: Premier Brentwood location
  • Incredible unit mix
  • Several units EXEMPT from rent control
  • Approximately $670,000 spent on apartment renovations and approximately $500,000 spent on common area renovations
  • Close proximity to high end dining and nightlife on San Vicente Blvd.

OVERVIEW

MASSIVE PRICE REDUCTION! Jonathan Taksa of Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present 11666 Mayfield Avenue, a rare and ideal multifamily investment opportunity in the heart of LA's famed community of Brentwood. 11666 Mayfield Avenue boasts an ideal unit mix consisting of large 1 bedroom 1 bath units and 1 bedroom 2 baths and a den units. Each of these apartments are extremely spacious, has a terrific floor plan, and offers an abundance of natural light. Current ownership has invested significant capital into the property and 80% of the units have been remodeled. The unit mix includes (12) 1-bed, 1-bath units and (3) 1-bed, 2 baths and a den unit. All of the 1-bedroom, 2 baths and a den units are EXEMPT from rent control. 11666 Mayfield Avenue is located in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking for 18 cars as well as an on-site laundry facility, and the soft story parking retrofit work has already been completed by ownership. A quick walk to the high-end dining and nightlife on San Vicente Blvd., this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in Los Angeles.

FOR SALE DETAILS

PRICE

$7,800,000 USD

PRICE/SF

$535 USD /SF

# OF UNITS

15

PRICE/UNIT

$520,000

CAP RATE

Request Cap Rate

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HUGE $ REDUCTION: 15 Units in Brentwood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,482 SF

ZONING

LAR4

APN/PARCEL ID

4265-004-021

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.