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11635 Mayfield Ave, Los Angeles, CA 90049
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11635 Mayfield Ave Los Angeles, CA 90049

$8,000,000 Sold Price as of 04/21/2022
  • 22 Beds
  • 22 Baths
  • 16,282 Sq.Ft.
Sold
$8,000,000 Sold Price as of 04/21/2022 Refinance Your Mortgage
Map preview of 11635 Mayfield Ave, Los Angeles, CA 90049

Property Overview: 11635 Mayfield Ave Los Angeles, CA has 22 bedrooms, 22 bathrooms, 16,282 living square feet and 11,400 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 11635 and 11645 Mayfield Avenue is a prestigious opportunity to acquire pride of ownership properties in one of the best rental locations in prime Brentwood. The properties, each with their own APN, have been owned and operated by the same family for many decades. The beautiful buildings, built in 1960 and 1964, boast an ideal unit mix consisting of mostly all large 1-bedroom and 2-bedroom layouts. Each of the units have a terrific floor plan and offer an abundance of natural light. Additionally, 8 of the units are EXEMPT from rent control, which will allow an investor to immediately capture rental upside. Units feature hardwood flooring (vinyl), carpeting, spacious kitchens/bedrooms/bathrooms, walk in closets, heat and air conditioning units. These apartments exude the mid-century charm and attributes of the 1960's. Other property features include all copper plumbing, ample on-site parking (soft story retrofit has been completed on both buildings), and a sparkling pool. Walking distance to some of the Westside's best dining and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire premier assets in one of the best rental locations in all of Los Angeles. 11635 MAYFIELD AVENUE ($8,250,000) AND 11645 MAYFIELD AVENUE ($4,500,000) ARE AVAILABLE SEPARATELY OR AS A PACKAGE.

Listed by Jonathan Taksa | BRE #01366169 | Remax Commercial and Investment Realty
Last checked: 13 minutes ago | Last updated: April 22nd, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
11,400
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22140163
City
Los Angeles
County
Los Angeles
Time on Site
779 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,971
  • Total Rent: $19,707
  • Pro Forma/Market Rent: $25,950
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,508
  • Total Rent: $15,050
  • Pro Forma/Market Rent: $20,370
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 19.78
  • Gross Scheduled Income: --
  • Net Operating Income: $224,401
  • Gross Operating Income: $404,567
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 11635 Mayfield Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Attached Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 16
  • Parcel Number: 4265005004
Location / Neighborhood
Location Information
  • Directions: On Mayfield Avenue, between S. Barrington and San Vicente Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 11635 Mayfield Ave

Last sold for $8,000,000 on April 21st, 2022

  • April, 2022

  • Apr 21, 2022

    Date

    Sold

    CRMLS: 22140163

    $8,000,000

    Price

  • Mar 25, 2022

    Date

    Active

    CRMLS: 22140163

    $8,250,000

    Price

  • December, 2020

  • Dec 14, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 11635 Mayfield Ave

Assessed Value (2020): $762,905
Year Land Value Improved Value Assessed Value
2020 $260,034 $502,871 $762,905

Home Value Compared to the Market

This property vs the competition

11635 Mayfield Ave sold on April 21, 2022 for 593.28% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $506.69 per/sqft which puts the price per square foot 32.89% lower than the current median sale per square foot for the city of Los Angeles.

About 11635 Mayfield Ave

Detailed summary of property

11635 Mayfield Ave is a multi family that recently sold in Los Angeles, CA 90049. This multi family property offered 22 bedrooms, 22 bathrooms, roughly 16,282 living square feet, and sits on an approximately 11,400 square foot lot. 11635 Mayfield Ave was first listed on ArdentRealEstateGroup.com on March 25, 2022. The homeowner sold the property for $8,000,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 593.28% higher than the current median priced home. Local homes that are currently for sale include 2041 N Vermont Ave, 4233 Burns Ave and 667 S Carondelet St. While the average home in Los Angeles, CA is selling in 93 days, 11635 Mayfield Ave has a days on market of 13 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 11635 Mayfield Ave Los Angeles, CA 90049 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 11635 Mayfield Ave

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
16,282
Lot Size
11,400
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3,4
APN
4265-005-004

The source for these homes facts are from public records.

90049 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$3,500,000
Median List Price/Sq.Ft.
$1,062
Median Sold Price
$2,150,000
Median Sold Price/Sq.Ft.
$913
Total Inventory
193
Median Sale to List Price %
97.95%
Avg Days on Market
29
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (11.11%), Other (7.41%)

Thinking of Selling?

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Recently Sold Homes Near 11635 Mayfield Ave

11645 Mayfield Ave, Los Angeles, CA 90049
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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