$7,800,000
11666 Mayfield Avenue
Los Angeles, CA, 90049
Property Description
HUGE price reduction!!! 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.
Property Details
Price:
$7,800,000
MLS #:
24389451
Status:
Active
Baths:
0
Address:
11666 Mayfield Avenue
Type:
Residential Income
Neighborhood:
c06brentwood
City:
Los Angeles
Listed Date:
May 8, 2024
State:
CA
ZIP:
90049
Lot Size:
7,499 sqft / 0.17 acres (approx)
Year Built:
1968
Schools
Interior
Heating
Wall Furnace
Exterior
Parking Features
Assigned
Parking Spots
18.00
Stories Total
4
Financial
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11666 Mayfield Avenue
Los Angeles, CA
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