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40-Unit Multi-Family Investment Opportunity 11649 Mayfield Ave

40 Unit Apartment Building $21,970,785 CAD ($549,270 CAD/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 $21,970,785 CAD
Price Per Unit $549,270 CAD
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
Walk Score ®
Very Walkable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4265-005-006
Land Assessment
$3,544,396 CAD
Improvements Assessment
$5,593,475 CAD
Total Assessment
$9,137,871 CAD

zoning

Zoning Code R3, Los Angeles (Residential)
R3, Los Angeles (Residential)
  • Listing ID: 31845892

  • Date on Market: 2024-05-17

  • Last Updated:

  • Address: 11649 Mayfield Ave, Los Angeles, CA 90049

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