40-Unit Multi-Family Investment Opportunity | 11649 Mayfield Ave
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40-Unit Multi-Family Investment Opportunity 11649 Mayfield Ave
40 Unit Apartment Building $15,500,000 ($387,500/Unit) 4.70% 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 (24) x Studio/1 Bath units and (16) x 1 Bed/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. Property Tours available.
Property Facts
| Price | $15,500,000 | Apartment Style | Mid Rise |
| Price Per Unit | $387,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 4.70% | Building Size | 14,211 SF |
| Sale Conditions | 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 |
| Price | $15,500,000 |
| Price Per Unit | $387,500 |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| Sale Conditions | 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 | 14,211 SF |
| Average Occupancy | 97% |
| No. Stories | 4 |
| Year Built/Renovated | 2007/2019 |
| Parking Ratio | 2.39/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
Site Amenities
- Courtyard
- Property Manager on Site
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 24 | - | 143 - 345 |
| 1+1 | 16 | - | 313 - 596 |
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Walk Score ®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 4265-005-006 | Improvements Assessment | $3,988,672 |
| Land Assessment | $2,527,487 | Total Assessment | $6,516,159 |
PROPERTY TAXES
Parcel Number
4265-005-006
Land Assessment
$2,527,487
Improvements Assessment
$3,988,672
Total Assessment
$6,516,159
zoning
| Zoning Code | R3, Los Angeles |
| R3, Los Angeles |
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Matthew C. Sullivan -
Alvin Scioneaux, Jr. -
Lee & Associates
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40-Unit Multi-Family Investment Opportunity | 11649 Mayfield Ave
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