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11666 Mayfield Ave, Los Angeles, CA 90049
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11666 Mayfield Ave Los Angeles, CA 90049

$8,300,000
  • 15 Beds
  • 18 Baths
  • 14,592 Sq.Ft.
For Sale
$8,300,000 Get Pre-Qualified
Map preview of 11666 Mayfield Ave, Los Angeles, CA 90049

Property Overview: 11666 Mayfield Ave Los Angeles, CA has 15 bedrooms, 18 bathrooms, 14,592 living square feet and 7,499 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Jonathan Taksa | BRE #01366169 | Remax Commercial and Investment Realty
Last checked: 16 minutes ago | Last updated: May 16th, 2024 | Source CRMLS | DOM: 11
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Home details

Lot Sq. Ft
7,499
HOA Dues
$0/mo
Year built
1968
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24389451
City
Los Angeles
County
Los Angeles
Time on Site
11 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 15
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,339
  • Total Rent: $28,069
  • Pro Forma/Market Rent: $34,740
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,089
  • Total Rent: $9,267
  • Pro Forma/Market Rent: $10,185
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.42
  • Gross Scheduled Income: --
  • Net Operating Income: $270,905
  • Gross Operating Income: $450,633
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 11666 Mayfield Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 18
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 15
  • Parcel Number: 4265004021
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Prime Brentwood. Just West of San Vicente Blvd. and East of Barrington Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 11666 Mayfield Ave

Last sold for $30,545,454 on September 26th, 2014

  • May, 2024

  • May 8, 2024

    Date

    Active

    CRMLS: 24389451

    $8,300,000

    Price

  • April, 2024

  • Apr 10, 2024

    Date

    Expired

    CRMLS: 23263625

    $8,350,000

    Price

  • Apr 25, 2023

    Date

    Active

    CRMLS: 23263625

    $8,905,000

    Price

  • Listing provided courtesy of CRMLS

  • March, 2023

  • Mar 7, 2023

    Date

    Canceled

    CRMLS: 22167287

    $9,895,000

    Price

  • Jun 13, 2022

    Date

    Active

    CRMLS: 22167287

    $9,895,000

    Price

  • Listing provided courtesy of CRMLS

  • September, 2014

  • Sep 26, 2014

    Date

    Sold (Public Records)

    Public Records

    $30,545,454

    Price

  • April, 2006

  • Apr 28, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 11666 Mayfield Ave

Assessed Value (2020): $6,593,633
Year Land Value Improved Value Assessed Value
2020 $4,395,756 $2,197,877 $6,593,633

Home Value Compared to the Market

This property vs the competition

11666 Mayfield Ave is listed 564% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $568.8 per/sqft which puts the price per square foot 26.79% lower than the median price per square foot for the city of Los Angeles.

About 11666 Mayfield Ave

Detailed summary of property

11666 Mayfield Ave is a multi family located in Los Angeles, CA 90049 and is currently for sale. This multi family property offers 15 bedrooms, 18 bathrooms, roughly 14,592 living square feet, and sits on an approximately 7,499 square foot lot. 11666 Mayfield Ave was first listed on ArdentRealEstateGroup.com on May 8, 2024. The homeowner is currently asking $8,300,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 564% higher than the median priced home. Local competing homes currently for sale include 1747 N Kingsley Dr, 2041 N Vermont Ave and 4233 Burns Ave. While the average home in Los Angeles, CA is selling in 92 days, 11666 Mayfield Ave has a days on market of 11 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 11666 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 11666 Mayfield Ave

Public county record property details
Beds
15
Baths
18
Year built
1968
Sq. Ft.
14,592
Lot Size
7,497
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
4265-004-021

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
$3,750,000
Median List Price/Sq.Ft.
$1,145
Median Sold Price
$2,150,000
Median Sold Price/Sq.Ft.
$913
Total Inventory
200
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%)

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Recently Sold Homes Near 11666 Mayfield Ave

11645 Mayfield Ave, Los Angeles, CA 90049
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$4,825,000 Last Sold Price
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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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