Los Angeles, CA 90049 11666 Mayfield Avenue
$8,300,000
12 more
Presented By: Jonathan Taksa with Remax Commercial and Investment Realty;
Home Details
11666 Mayfield Avenue is 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.
Presented By: Jonathan Taksa with Remax Commercial and Investment Realty;
Interior Features for 11666 Mayfield Avenue
Bedrooms
Total Bedrooms15
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths18
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Total Stories4
General for 11666 Mayfield Avenue
Additional Parcels Y/NNo
Attached Garage No
Cap Rate3.3
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market125
DirectionsPrime Brentwood. Just West of San Vicente Blvd. and East of Barrington Avenue.
Full Baths
Garage Y/NNo
Gross Income450980.0
HeatingWallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet7499.0
Lot Size UnitsSquareFeet
MLS AreaC06 - Brentwood
MobileHomeRemainsYNNo
Net Operating Income273673.0
New ConstructionNo
NumberOfUnitsTotal15
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
View Y/NNo
Waterfront Y/NNo
Year Built1968
Year Built SourceAssessor
ZoningLAR4
Exterior for 11666 Mayfield Avenue
Building Area Total14592.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1722
Lot Size Area7499.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned
SpaNo
Total Parking18.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480