11666 Mayfield Ave, Los Angeles, CA 90049 – 24-389451

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$7,800,000

Est. payment - /mo

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15 BD

18 BA

14,592 SqFt

Price Dropped by $500K

11666 Mayfield Ave Los Angeles, CA 90049

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

12/04/2024 09:18 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,592 sqft

Price per Sqft $534

MLS Listing ID 24-389451

Bedrooms 15

Year Built 1968

Lot Size 7,499 Sqft

Acres 0.1722

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.

Location

State CA

County Los Angeles

Area Brentwood

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment None

Exterior

Parking Features Assigned

Garage Spaces 18.0

Building

Story 4

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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Listed by Remax Commercial and Investment Realty