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40-Unit Multi-Family Investment Opportunity 11649 Mayfield Ave 40 Unit Apartment Building $13,500,000 ($337,500/Unit) 4.98% Cap Rate Los Angeles, CA 90049
INVESTMENT HIGHLIGHTS
- 40 Units - Mixture of Studio & One Bed Units
- Secure Access To Building & Parking Area
- Rooftop Lounge Area With Excellent Views
- Renovated Units With Custom Designed Furnishings
- Subterranean Parking With Charging Stations
- Short Walk From Brentwood Urban Village
EXECUTIVE SUMMARY
11649 Mayfield Avenue is a 40-unit +/-10,868 SF multi-family property located in Los Angeles. The unit mix consists of (23) x Studio/1 Bath units, (13) x 1 Bed/1 Bath units and (4) x 1 Bed + Loft/1 Bath units. Zoned R3, the property sits on a 7,501 SF lot. Originally built in 2007, the property was renovated in 2019. Onsite amenities include a rooftop lounge area with BBQ, fully-equipped kitchens with deluxe stainless steel appliances, onsite washer/dryers and cable/internet access ready units. Certain units have custom-designed furnishings and washer/dryers. The building also comes with secured access, subterranean parking and charging stations. 11649 Mayfield Avenue is within one mile of the 405 Freeway, via Wilshire Blvd. The property is ideally located near San Vicente Blvd shopping, restaurant and health facilities. Property Tours available.
PROPERTY FACTS
| Price | $13,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $337,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 4.98% | Building Size | 28,323 SF |
| Sale Condition | REO Sale | Average Occupancy | 97% |
| No. Units | 40 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 2007/2019 |
| Property Subtype | Apartment | Parking Ratio | 2.39/1,000 SF |
| Zoning | R3, Los Angeles | ||
| Price | $13,500,000 |
| Price Per Unit | $337,500 |
| Sale Type | Investment |
| Cap Rate | 4.98% |
| Sale Condition | REO Sale |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 28,323 SF |
| Average Occupancy | 97% |
| No. Stories | 4 |
| Year Built/Renovated | 2007/2019 |
| Parking Ratio | 2.39/1,000 SF |
| Zoning | R3, Los Angeles |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Property Manager on Site
- Gated
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 23 | - | 143 - 345 |
| 1+1 | 17 | - | 313 - 596 |
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Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 4265-005-006 | Improvements Assessment | $7,000,000 |
| Land Assessment | $4,800,000 | Total Assessment | $11,800,000 |
PROPERTY TAXES
Parcel Number
4265-005-006
Land Assessment
$4,800,000
Improvements Assessment
$7,000,000
Total Assessment
$11,800,000
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40-Unit Multi-Family Investment Opportunity | 11649 Mayfield Ave
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