$ 8,300,000
11666 Mayfield Avenue Los Angeles, CA 90049
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$ 8,300,000
Est. payment | /mo
14,592 SqFt
$ 8,300,000
Est. payment | /mo
14,592 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 14,592 sqft
Price per Sqft $568
MLS Listing ID CL24389451
HOA Y/N No
Year Built 1968
Lot Size 7,499 Sqft
Acres 0.17
Property Description
11666 Mayfield Avenue is 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.
Location
State CA
County Los Angeles
Area Listing
Zoning LAR4
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 4265004021
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Jonathan Taksa • Remax Commercial and Investment Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "