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HUGE $ REDUCTION: 15 Units in Brentwood 11666 Mayfield Ave
15 Unit Apartment Building $7,800,000 USD ($520,000 USD/Unit) Los Angeles, CA 90049
Investment Highlights
- HUGE PRICE REDUCTION: Premier Brentwood location
- Several units EXEMPT from rent control
- Close proximity to high end dining and nightlife on San Vicente Blvd.
- Incredible unit mix
- Approximately $670,000 spent on apartment renovations and approximately $500,000 spent on common area renovations
Executive Summary
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.
Financial Summary (Pro forma - 2024) |
Annual (USD) | Annual Per SF (USD) |
---|---|---|
Gross Rental Income | $467,476 | $32.04 |
Other Income | $3,516 | $0.24 |
Vacancy Loss | $14,024 | $0.96 |
Effective Gross Income | $456,968 | $31.32 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $164,213 | $11.25 |
Net Operating Income | $292,755 | $20.06 |
Financial Summary (Pro forma - 2024)
Gross Rental Income (USD) | |
---|---|
Annual | $467,476 |
Annual Per SF | $32.04 |
Other Income (USD) | |
---|---|
Annual | $3,516 |
Annual Per SF | $0.24 |
Vacancy Loss (USD) | |
---|---|
Annual | $14,024 |
Annual Per SF | $0.96 |
Effective Gross Income (USD) | |
---|---|
Annual | $456,968 |
Annual Per SF | $31.32 |
Taxes (USD) | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses (USD) | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses (USD) | |
---|---|
Annual | $164,213 |
Annual Per SF | $11.25 |
Net Operating Income (USD) | |
---|---|
Annual | $292,755 |
Annual Per SF | $20.06 |
Property Facts
Price | $7,800,000 USD | Building Class | C |
Price Per Unit | $520,000 USD | Lot Size | 0.17 AC |
Sale Type | Investment | Building Size | 14,592 SF |
Gross Rent Multiplier | 16.56 | Average Occupancy | 87% |
No. Units | 15 | No. Stories | 3 |
Property Type | Multifamily | Year Built | 1968 |
Property Subtype | Apartment | Parking Ratio | 1.23/1,000 SF |
Apartment Style | Low Rise |
Price | $7,800,000 USD |
Price Per Unit | $520,000 USD |
Sale Type | Investment |
Gross Rent Multiplier | 16.56 |
No. Units | 15 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.17 AC |
Building Size | 14,592 SF |
Average Occupancy | 87% |
No. Stories | 3 |
Year Built | 1968 |
Parking Ratio | 1.23/1,000 SF |
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 12 | $2,386 USD | 800 |
1+2 | 3 | $3,110 USD | 1,200 |
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Walk Score ®
Very Walkable (89)
PROPERTY TAXES
Parcel Number | 4265-004-021 | Improvements Assessment | $2,356,567 USD |
Land Assessment | $4,713,137 USD | Total Assessment | $7,069,704 USD |
PROPERTY TAXES
Parcel Number
4265-004-021
Land Assessment
$4,713,137 USD
Improvements Assessment
$2,356,567 USD
Total Assessment
$7,069,704 USD
zoning
Zoning Code | LAR4 |
LAR4 |
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HUGE $ REDUCTION: 15 Units in Brentwood | 11666 Mayfield Ave
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