Los Angeles, CA 90049 11831 Mayfield Avenue
$3,400,000
Presented By: Andrew Weiss with Regency Property Management;
Beds • 9
Baths • 9
SQFT • 6,066
Year Built • 1961
Home Details
This exceptional opportunity presents the chance to acquire a strategically situated 7-unit apartment building in the heart of West Los Angeles. Spanning an impressive 6,066 square feet, this fully occupied multifamily property boasts a diverse unit mix, including two spacious 3-bedroom, 2-bathroom units, two cozy 2-bedroom, 2-bathroom units, a charming 1-bedroom, 1-bathroom unit, and three versatile studios without kitchens. One of these units even features a delightful front patio.Owned and meticulously maintained by a family for years, this building stands on a generous 6,386-square-foot lot, complete with onsite laundry facilities. Nestled in the esteemed Brentwood neighborhood, this property enjoys a prime location, just a short drive from the breathtaking Santa Monica coast and less than 2 miles from the renowned UCLA campus. Residents of this property will relish the proximity to a vibrant array of amenities, all within walking distance. From trendy restaurants and bars to delightful dessert spots, grocery stores, craft shops, and specialty boutiques, this location offers a rare combination of quality, convenience, and potential investment returns. This property will be exchanged under the provisions of section 1031 by the seller.
Presented By: Andrew Weiss with Regency Property Management;
Interior Features for 11831 Mayfield Avenue
Bedrooms
Total Bedrooms9
Bathrooms
Half Baths0
Total Baths9
1/4 Baths
3/4 Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace FeaturesBath, Gas, Outside
Fireplace Y/NYes
FlooringLaminate, Tile, Vinyl
Heating Y/NYes
Interior AmenitiesCeilingFans
Laundry FeaturesCommonArea, LaundryRoom
LivingAreaSourceAssessor
Total Stories2
Window FeaturesBlinds, Drapes
General for 11831 Mayfield Avenue
Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, GasOven, Range, RangeHood, Dryer, Washer
Architectural StyleMidCenturyModern
Attached Garage No
Cap Rate3.65
Carport Y/NYes
CityLos Angeles
Construction MaterialsStucco
CoolingNone
CountyLos Angeles
DirectionsThree Blocks North of Wilshire. Two Blocks West of Barrington.
Electric Expense1200.0
Electric On Property Y/NNo
Facing DirectionSouth
Full Baths
Garage Y/NNo
Gross Income176000.0
HOANo
HeatingWallFurnace
High School DistrictLos Angeles Unified
Home Warranty Y/NNo
Insurance Expense8000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsTrustDeed
Lot Size Square Feet6386.0
Lot Size UnitsSquareFeet
MLS AreaC06 - Brentwood
MaintenanceExpense18715.0
MobileHomeRemainsYNNo
Net Operating Income135000.0
New ConstructionNo
Number Of Units Total7
Number of Units Leased7
Occupancy TypeTenant
Open Parking Spaces3.0
Patio/Porch FeaturesConcrete
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
RoofTarGravel
Security FeaturesCarbonMonoxideDetectors, FireDetectionSystem, SmokeDetectors
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Taxes$17,500
Tenant PaysCableTv, Electricity
Trash Expense300.0
ViewNone
Water Sewer Expense6000.0
Year Built1961
Year Built SourceAssessor
ZoningLAR3
Exterior for 11831 Mayfield Avenue
Building Area Total6066.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions41x157
Lot FeaturesRectangularLot
Lot Size Acres0.1466
Lot Size Area6386.0
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters7
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesCarport
Private PoolNo
SpaNo
Total Parking7.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
