11621 Ayres Avenue

11621 Ayres Avenue

Los Angeles, CA 90064

$4,080,000
Last Sold Price
16
Beds
6,496 Sq. Ft.
$628 / Sq. Ft.
6,496
Sq. Ft.
$628
per Sq. Ft.

Closed 6/2/23

Closed 6/2/23

a front view of a building with glass windows and plants
a front view of a house with a yard
front view of a house with a small yard
a view of a white house with a small yard and large tree
front view of a house with a small yard and potted plants
a living room with furniture and a fireplace
a front view of a building with glass windows and plants
a kitchen with a sink stove and refrigerator
a view of empty room with wooden floor
an empty room with wooden floor and windows
a view of empty room with wooden floor
a bathroom with a granite countertop sink a toilet and shower
a bathroom with a shower and toilet
a bathroom with a sink vanity and mirror
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a view of empty room with wooden floor
a view of empty room with wooden floor
a view of an empty room with wooden floor
a bathroom with a sink toilet and mirror
a bathroom with a shower sink vanity and mirror
an empty room with wooden floor and windows
an empty room with wooden floor and windows
an empty room with wooden floor and windows
a view of empty room with wooden floor
a bathroom with a granite countertop sink a toilet and a mirror
a bathroom with a sink vanity and a mirror
a view of kitchen with granite countertop stainless steel appliances refrigerator sink and cabinets
a view of kitchen with granite countertop refrigerator oven sink and white cabinets
an empty room with wooden floor and windows
a view of entryway and hall with wooden floor
a kitchen with stainless steel appliances granite countertop a sink a stove a refrigerator a center island and a window
a kitchen with white cabinets and white stainless steel appliances
a kitchen with sink cabinets and wooden floor
a large white kitchen with a sink
a kitchen with cabinets and steel stainless steel appliances
a view of a room with wooden floor and white walls
a view of an empty room with wooden floor and a window
a bathroom with a sink and a mirror
a bathroom with a sink vanity tub and shower
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a kitchen with a sink cabinets and a window
a room with a white cabinets and a wooden floor
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Description

11621 Ayres is an ultra-rare brand new construction luxury fourplex in prime West LA. The sleek modern units have gorgeous finishes with a warm open floor plan containing tons of natural light and balconies overlooking nice greenery. 3 UNITS HAVE BEEN RENTED with signed leases at $7,000, $7,000 and $6,700 each and 4th application is in! The front building consists of two 4 bedrooms, 4.5 baths containing 1,505 square feet each approximately with the rear building consisting of two 4 bedrooms, 4 baths...11621 Ayres is an ultra-rare brand new construction luxury fourplex in prime West LA. The sleek modern units have gorgeous finishes with a warm open floor plan containing tons of natural light and balconies overlooking nice greenery. 3 UNITS HAVE BEEN RENTED with signed leases at $7,000, $7,000 and $6,700 each and 4th application is in! The front building consists of two 4 bedrooms, 4.5 baths containing 1,505 square feet each approximately with the rear building consisting of two 4 bedrooms, 4 baths with approximately 1740 square feet. We project an exceptional cap rate of 6.16%, which is impossible and unheard of to find in this A+ location as other apartment buildings in West LA are selling at a significantly lower cap rate. This trophy property is an investor's dream surrounded by brand new construction buildings making it highly desirable amongst renters for the location proximity. With a short walking distance to shops, bars, restaurants, and trendy cafes like Federal Coffee this property has a very high walkability score. The property is minutes away from Santa Monica Beach and UCLA with easy access to both the 405 and 10 freeways and is close to Rancho Park and Mar Vista. This is the only brand-new construction fourplex active in West LA and new builds in this excellent area are extremely rare. All units are separately metered with their own water, electric, and gas meters. Each unit has Central A/C, stainless steel appliances, tankless water heaters, garages, beautiful Quartz stone counters, and central islands. Each unit comes with its own separate laundry room with units installed, the back units have a large laundry room with tons of closet space. There are 4 covered parking spaces and 4 partially covered parking spaces accessed from a back alley. Buyer is to verify all and do their own due diligence.
  1. Listed by Maggie Lalezari • DRE #01053411 • Brokerage DRE #00905345 • Pinnacle Estate Properties, Inc.

Property Details for 11621 Ayres Avenue

Architectural Style
Modern
View
None
Parking Spaces Total
0
Private Pool
No
Cooling Type
Central Forced Air
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of Pinnacle Estate Properties, Inc., Maggie Lalezari, DRE #01053411

Sold By NONMEMBER MRML, Rod Fani, DRE #01958713

Add your commute
LISTING UPDATED: 06/02/2023 04:57 AM

Property Details for 11621 Ayres Avenue

StatusClosed
MLS #SR23089335
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential
Year Built2023
CountyLos Angeles County

Location

Listing Courtesy of Pinnacle Estate Properties, Inc., Maggie Lalezari, DRE #01053411

Sold By NONMEMBER MRML, Rod Fani, DRE #01958713

Add your commute

Building Information for 11621 Ayres Avenue

Building/Complex11621 Ayres AveFloor-Stories3Residences-Pet Policy-Year Built2023Building Size-

Payment Calculator

$23,552 per month

30 year fixed, 7.25% Interest

Principal and Interest

$22,266

Property Taxes

$1,286

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11621 Ayres Avenue

Income / Expense / Tax Details
Income Details
  • Financing: Cash
Tax / Assessment Info
  • Tax Tract Number: 5498
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 238
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator
  • Equipment: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Room Type: Living Room
  • Room Kitchen Features: Kitchen Island
  • Laundry: Yes
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Laundry Location: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Heat Equipment: Forced Air Unit
Exterior Features
  • Security Features: Gated Community
  • Security: Gated Community
  • Entry Location: ground
  • Structure Type: Quadruplex
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level
  • Lease Considered: No
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Multi/Split
  • Water: Public
  • Sewer: Sewer Paid
  • Sewer/Septic: Sewer Paid
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Covered
Property / Structure Info
  • Architectural Style: Modern
  • Residential Styles: All Other Attached
  • Residential Unit Location: 2+ common walls

Property History for 11621 Ayres Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11621 Ayres Avenue

Taxable ValueLand$728,280Additions$530,604Total$1,258,884
Tax Record2023$15,433 ($1,286 / month)
Home Facts
Total Finished SqFt2,023 SqFtAbove Grade Finished SqFt2,023 SqFtLot Size5,621 SqFtStyleDuplexYear Built1938ZoningLARD1.5CountyLOS ANGELESAPN4260-033-029

Schools near 11621 Ayres Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Nora Sterry Elementary School
Public - K to 5
Daniel Webster Middle School
Public - 6 to 8
University Senior High School Charter
Charter - 9 to 12
Citizens of the World Charter School Mar Vista
Charter - K to 7
Rating
School
Distance
Nora Sterry Elementary School
PublicK to 5

Daniel Webster Middle School
Public6 to 8

University Senior High School Charter
Charter9 to 12

Citizens of the World Charter School Mar Vista
CharterK to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pinnacle Estate Properties, Inc., Maggie Lalezari, DRE #01053411

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.