Active

11666 Mayfield Ave

Los Angeles CA, 90049

$7,800,000


$534.54 per sqft

Active

15 Beds

18 Baths

14,592 sqft

Multi-family

Built in 1968

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.

24-389451

MLS ID

May 8, 2024

Listed

December 4, 2024

Updated

Map

11666 Mayfield Ave
Los Angeles CA, 90049

Interior Features

Total Stories

4


Bedrooms

15


Total Bathrooms

18


Appliances

None


Fireplace

No


Cooling

Yes


Cooling Description

Wall Unit(s)


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.17 Acres

Other Property Details

Area Name

Brentwood


Days on Market

210


Garage

No


Parking

Assigned


Parking Total

18


View

No


County

Los Angeles


Pool

No


Zoning

LAR4

Listing History

Date

Event

Price

12/4/2024

Price change

$7,800,000

-7%

Listed by Jonathan Taksa with Remax Commercial and Investment Realty
Listing Contact: 310-968-5303 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor May-Ann Fisher | CA DRE# 01972930 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 12/4/2024

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