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NOW PRICED TO SELL: 15 Units in BRENTWOOD 11666 Mayfield Ave 15 Unit Apartment Building $6,950,000 ($463,333/Unit) Los Angeles, CA 90049




INVESTMENT HIGHLIGHTS
- NOW PRICED TO SELL: 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
NOW PRICED TO SELL! 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 | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$469,543
![]() |
$32.18
![]() |
Other Income |
$3,348
![]() |
$0.23
![]() |
Vacancy Loss |
$14,086
![]() |
$0.97
![]() |
Effective Gross Income |
$458,805
![]() |
$31.44
![]() |
Taxes |
-
![]() |
-
![]() |
Operating Expenses |
-
![]() |
-
![]() |
Total Expenses |
$151,075
![]() |
$10.35
![]() |
Net Operating Income |
$307,730
![]() |
$21.09
![]() |
FINANCIAL SUMMARY (PRO FORMA - 2024)
Gross Rental Income | |
---|---|
Annual | $469,543 |
Annual Per SF | $32.18 |
Other Income | |
---|---|
Annual | $3,348 |
Annual Per SF | $0.23 |
Vacancy Loss | |
---|---|
Annual | $14,086 |
Annual Per SF | $0.97 |
Effective Gross Income | |
---|---|
Annual | $458,805 |
Annual Per SF | $31.44 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $151,075 |
Annual Per SF | $10.35 |
Net Operating Income | |
---|---|
Annual | $307,730 |
Annual Per SF | $21.09 |
PROPERTY FACTS
Price | $6,950,000 | Building Class | C |
Price Per Unit | $463,333 | Lot Size | 0.17 AC |
Sale Type | Investment | Building Size | 14,592 SF |
Gross Rent Multiplier | 14.7 | 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 | $6,950,000 |
Price Per Unit | $463,333 |
Sale Type | Investment |
Gross Rent Multiplier | 14.7 |
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 | $2,404 | 800 |
1+2 | 3 | $3,263 | 1,200 |
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Walk Score®
Very Walkable (89)
PROPERTY TAXES
Parcel Number | 4265-004-021 | Improvements Assessment | $2,356,567 |
Land Assessment | $4,713,137 | Total Assessment | $7,069,704 |
PROPERTY TAXES
Parcel Number
4265-004-021
Land Assessment
$4,713,137
Improvements Assessment
$2,356,567
Total Assessment
$7,069,704
ZONING
Zoning Code | LAR4 |
LAR4 |
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NOW PRICED TO SELL: 15 Units in BRENTWOOD | 11666 Mayfield Ave
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