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11733 Mayfield Ave
Los Angeles, CA 90049
Multifamily Property For Sale
·
9 Units
Executive Summary
The Azzi Group of Marcus & Millichap is pleased to present the opportunity to acquire 11733 Mayfield Ave, a 9-unit investment opportunity located in the highly desirable Brentwood neighborhood of Los Angeles — one of the most affluent submarkets in Southern California.
Ideally situated in the heart of Brentwood between San Vicente Boulevard and Montana Avenue, this well-maintained 9-unit apartment community offers investors a rare opportunity in one of West Los Angeles' most sought-after neighborhoods. Built in 1967, the three-story wood-frame property features a desirable unit mix consisting of one 3-bedroom/2-bath unit, three 2-bedroom/2-bath units, and five 1-bedroom/1-bath units, all designed with spacious and functional layouts. The property is separately metered for electricity and is positioned on an LAR3-zoned parcel, providing potential future redevelopment or additional density opportunities. Brentwood's strong rental fundamentals, characterized by low vacancy, stable tenancy, and long-term rent growth, continue to support investor demand. Additional tenant amenities include ample on-site parking and community laundry facilities, further enhancing the property's appeal.
Ideally situated in the heart of Brentwood between San Vicente Boulevard and Montana Avenue, this well-maintained 9-unit apartment community offers investors a rare opportunity in one of West Los Angeles' most sought-after neighborhoods. Built in 1967, the three-story wood-frame property features a desirable unit mix consisting of one 3-bedroom/2-bath unit, three 2-bedroom/2-bath units, and five 1-bedroom/1-bath units, all designed with spacious and functional layouts. The property is separately metered for electricity and is positioned on an LAR3-zoned parcel, providing potential future redevelopment or additional density opportunities. Brentwood's strong rental fundamentals, characterized by low vacancy, stable tenancy, and long-term rent growth, continue to support investor demand. Additional tenant amenities include ample on-site parking and community laundry facilities, further enhancing the property's appeal.
Property Facts
| Price Per Unit | $613,608 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.25% | Lot Size | 0.17 AC |
| Gross Rent Multiplier | 13.8 | Building Size | 9,038 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | LAR3 - LAR3 – Multifamily Residential: Allows higher-density residential development and potential future redevelopment opportunities. | ||
| Price Per Unit | $613,608 CAD |
| Sale Type | Investment |
| Cap Rate | 4.25% |
| Gross Rent Multiplier | 13.8 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 9,038 SF |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 1/1,000 SF |
| Zoning | LAR3 - LAR3 – Multifamily Residential: Allows higher-density residential development and potential future redevelopment opportunities. |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | 1,350 |
| 2+2 | 3 | - | 1,100 |
| 1+1 | 5 | - | 750 |
Property Taxes
| Parcel Number | 4265-008-009 | Improvements Assessment | $1,009,933 CAD |
| Land Assessment | $1,077,261 CAD | Total Assessment | $2,087,194 CAD |
Property Taxes
Parcel Number
4265-008-009
Land Assessment
$1,077,261 CAD
Improvements Assessment
$1,009,933 CAD
Total Assessment
$2,087,194 CAD
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