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HUGE $ REDUCTION: 15 Units in Brentwood 11666 Mayfield Ave

15 Unit Apartment Building $11,234,496 CAD ($748,966 CAD/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 (CAD) Annual Per SF (CAD)
Gross Rental Income $673,315 $46.14
Other Income $5,064 $0.35
Vacancy Loss $20,199 $1.38
Effective Gross Income $658,180 $45.11
Taxes - -
Operating Expenses - -
Total Expenses $236,519 $16.21
Net Operating Income $421,661 $28.90

Financial Summary (Pro forma - 2024)

Gross Rental Income (CAD)
Annual $673,315
Annual Per SF $46.14
Other Income (CAD)
Annual $5,064
Annual Per SF $0.35
Vacancy Loss (CAD)
Annual $20,199
Annual Per SF $1.38
Effective Gross Income (CAD)
Annual $658,180
Annual Per SF $45.11
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $236,519
Annual Per SF $16.21
Net Operating Income (CAD)
Annual $421,661
Annual Per SF $28.90

Property Facts

Price $11,234,496 CAD
Price Per Unit $748,966 CAD
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 $3,436 CAD 800
1+2 3 $4,479 CAD 1,200
Walk Score ®
Very Walkable (89)
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
4265-004-021
Land Assessment
$6,623,277 CAD
Improvements Assessment
$3,311,636 CAD
Total Assessment
$9,934,914 CAD

zoning

Zoning Code LAR4
LAR4
  • Listing ID: 31741286

  • Date on Market: 2024-05-08

  • Last Updated:

  • Address: 11666 Mayfield Ave, Los Angeles, CA 90049

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