11649 Mayfield AveLos Angeles, CA 90049

This exceptional 40-unit apartment building presents a compelling investment opportunity in the desirable West Los Angeles area. Located at 11649 Mayfield Avenue, Los Angeles, CA 90049, this property boasts a substantial net operating income (NOI) of $773,071, yielding a 4.70% cap rate on an asking price of $15,500,000. The building, constructed in 2007 and extensively renovated in 2019, comprises 10,868 square feet on a 0.17-acre lot (7,501 square feet) and is zoned R3. The unit mix includes 24 studio/1-bath and 16 one-bedroom/1-bath apartments, offering a diverse tenant base. Residents enjoy a range of amenities, including a rooftop lounge with BBQ facilities, fully equipped kitchens with stainless steel appliances, in-unit washer/dryers in select units, secured access, subterranean parking with charging stations, and convenient cable/internet access. Its prime location offers easy access to the 405 Freeway via Wilshire Boulevard, and is within walking distance of San Vicente Boulevard's vibrant shopping, dining, and healthcare options. This bank-owned foreclosure presents a rare chance to acquire a well-maintained, high-performing multifamily asset in a highly sought-after Los Angeles neighborhood. The property's strong performance metrics, desirable location, and modern amenities make it an attractive investment for both seasoned and emerging investors. The price per unit is $387,500.