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Property Description

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.

Features
: Wall Furnace
4
0
Additional Information
Remax Commercial and Investment Realty
0
CLW-X90025
CLW-X7538301
Jonathan
4265004021
: Standard
Multi/Split
32

Multi-Family For Sale

11666 Mayfield Avenue, Los Angeles, California 90049

14,592 Sqft
$8,300,000
Listing ID #24389451
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24389451
Price : $8,300,000
Living Area : 14,592 Sqft
Lot Size : 7,499 Sqft
Year Built : 1968
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90049
Price Per Square Foot : $569
ModificationTimestamp : 2024-05-16 05:10:33
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