15 Units in Brentwood
15 Unit Apartment Building | $8,300,000 ($553,333/Unit) | Los Angeles, CA 90049
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $8,300,000
- Property Type
-
Multifamily
- Square Feet
- 14,592 SF
Listing Contacts
Jonathan Taksa
Verified Profile
- Property Info
Property Overview
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.
Property Details
- Class
- C
- Year Built
- 1968
- Stories
- 3
- Lot Size (sq. ft)
- 7,405 SF
- Units
- 15
Highlights
- Premier Brentwood location
- Incredible unit mix
- Several units EXEMPT from rent control
- Approximately $670,000 spent on apartment renovations and approximately $500,000 spent on common area renovations
- Close proximity to high end dining and nightlife on San Vicente Blvd.
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