11666 Mayfield Avenue

11666 Mayfield Avenue

Los Angeles, CA 90049

$8,300,000
Price
15
Beds
18
Baths
14,592 Sq. Ft.
$569 / Sq. Ft.
14,592
Sq. Ft.
$569
per Sq. Ft.

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...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 for 11666 Mayfield Avenue

Zoning
LAR4
Parcel Number
4265004021
Total Units
15.0
Living Area
14592
Source Living Area
Assessor
Area
Brentwood (C06)
Vacancy Rate
13441
Lot Size Area
7499

Location

Listing Courtesy of Remax Commercial and Investment Realty, Jonathan Taksa, DRE #01366169
Add your commute
LISTING UPDATED: 05/16/2024 12:01 AM

Property Details for 11666 Mayfield Avenue

StatusActive
MLS #24-389451
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1968
Lot Size0.17 AC / 7,499 SF
CountyLos Angeles County

Location

Listing Courtesy of Remax Commercial and Investment Realty, Jonathan Taksa, DRE #01366169
Add your commute

Building Information for 11666 Mayfield Avenue

Stories4Residences-Year Built1968Building Size-Lot Size0.17 AC / 7,499 SF

Payment Calculator

$52,375 per month

30 year fixed, 7.25% Interest

Principal and Interest

$45,297

Property Taxes

$7,078

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11666 Mayfield Avenue

Community / Development
Community / Development
  • Number Of Units: 15
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 4
  • Number Of Buildings: 1
  • Type Of Units: 1s
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $450,633
  • Net Operating Income: $270,905.00
  • Gross Income: $448,036
  • Gross Rent Multiplier: $18.42
  • Total Annual Expense: 166287
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7499
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 18
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-08-2024
  • Rent Control: Yes
  • Rent Control: 80
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,339.00
  • Unit Actual Rent: $28,069.00
  • Unit Projected Rent: $34,740.00
  • Like Units: 12
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,089.00
  • Unit Actual Rent: $9,267.00
  • Unit Projected Rent: $10,185.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $2,310,360.00
  • Assessed Improvement Percent: 33.33
  • Assessed Land Value: $4,620,723.00
  • Assessed Land Percent: 66.67
  • Assessed Total Value: $6,931,083.00

Property History for 11666 Mayfield 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 11666 Mayfield Avenue

Taxable ValueLand$4,620,723Additions$2,310,360Total$6,931,083
Tax Record2023$84,937 ($7,078 / month)
Home Facts
Total Finished SqFt14,592 SqFtAbove Grade Finished SqFt14,592 SqFtLot Size7,497 SqFtStyleMulti-Family Res (5+ Units)Year Built1968ZoningLAR4CountyLOS ANGELESAPN4265-004-021

Schools near 11666 Mayfield Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Brockton Avenue Elementary School
Public - K to 5
Brentwood Science School
Public - K to 5
Paul Revere Middle School
Charter - 6 to 8
University Senior High School Charter
Charter - 9 to 12
Rating
School
Distance
Brockton Avenue Elementary School
PublicK to 5

Brentwood Science School
PublicK to 5

Paul Revere Middle School
Charter6 to 8

University Senior High School Charter
Charter9 to 12

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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More information about 11666 Mayfield Avenue, Los Angeles, CA 90049

11666 Mayfield Avenue is a multi-family home for sale in Los Angeles, CA 90049. This property was listed for sale on May 8, 2024 by Remax Commercial and Investment Realty, it's currently listed at $8,300,000. It has been on the market for a total of 12 days and was last sold on September 19, 2012. This listing's school district is Los Angeles Unified School District. Nearby schools include Brockton Avenue Elementary School, Brentwood Science School and Paul Revere Middle School. 11666 Mayfield Avenue is a 15-bed, 18-bath, 14,592 sqft multi-family home built in 1968.

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 Remax Commercial and Investment Realty, Jonathan Taksa, DRE #01366169

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.