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11733 Mayfield Ave 9 Unit Apartment Building $3,925,000 ($436,111/Unit) 4.25% Cap Rate Los Angeles, CA 90049
Executive Summary
The Azzi Group of Marcus & Millichap is pleased to present the opportunity to acquire 11733 Mayfield Ave, a 9-unit investment opportunity located in the highly desirable Brentwood neighborhood of Los Angeles — one of the most affluent submarkets in Southern California.
Ideally situated in the heart of Brentwood between San Vicente Boulevard and Montana Avenue, this well-maintained 9-unit apartment community offers investors a rare opportunity in one of West Los Angeles' most sought-after neighborhoods. Built in 1967, the three-story wood-frame property features a desirable unit mix consisting of one 3-bedroom/2-bath unit, three 2-bedroom/2-bath units, and five 1-bedroom/1-bath units, all designed with spacious and functional layouts. The property is separately metered for electricity and is positioned on an LAR3-zoned parcel, providing potential future redevelopment or additional density opportunities. Brentwood's strong rental fundamentals, characterized by low vacancy, stable tenancy, and long-term rent growth, continue to support investor demand. Additional tenant amenities include ample on-site parking and community laundry facilities, further enhancing the property's appeal.
Ideally situated in the heart of Brentwood between San Vicente Boulevard and Montana Avenue, this well-maintained 9-unit apartment community offers investors a rare opportunity in one of West Los Angeles' most sought-after neighborhoods. Built in 1967, the three-story wood-frame property features a desirable unit mix consisting of one 3-bedroom/2-bath unit, three 2-bedroom/2-bath units, and five 1-bedroom/1-bath units, all designed with spacious and functional layouts. The property is separately metered for electricity and is positioned on an LAR3-zoned parcel, providing potential future redevelopment or additional density opportunities. Brentwood's strong rental fundamentals, characterized by low vacancy, stable tenancy, and long-term rent growth, continue to support investor demand. Additional tenant amenities include ample on-site parking and community laundry facilities, further enhancing the property's appeal.
Property Facts
| Price | $3,925,000 | Apartment Style | Low-Rise |
| Price Per Unit | $436,111 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.25% | Building Size | 9,038 SF |
| Gross Rent Multiplier | 13.8 | No. Stories | 3 |
| No. Units | 9 | Year Built | 1967 |
| Property Type | Multifamily | Parking Ratio | 1.77/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - LAR3 – Multifamily Residential: Allows higher-density residential development and potential future redevelopment opportunities. | ||
| Price | $3,925,000 |
| Price Per Unit | $436,111 |
| Sale Type | Investment |
| Cap Rate | 4.25% |
| Gross Rent Multiplier | 13.8 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 9,038 SF |
| No. Stories | 3 |
| Year Built | 1967 |
| Parking Ratio | 1.77/1,000 SF |
| Zoning | LAR3 - LAR3 – Multifamily Residential: Allows higher-density residential development and potential future redevelopment opportunities. |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | 1,350 |
| 2+2 | 3 | - | 1,100 |
| 1+1 | 5 | - | 750 |
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4265-008-009 | Improvements Assessment | $717,792 |
| Land Assessment | $765,644 | Total Assessment | $1,483,436 |
Property Taxes
Parcel Number
4265-008-009
Land Assessment
$765,644
Improvements Assessment
$717,792
Total Assessment
$1,483,436
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