11649 Mayfield AveLos Angeles, CA 90049

Property Details for 11649 Mayfield Ave

Year built

2007

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

14,211 SF

Zone code

LAR3

Property type

Apartment buildings

APN

4265-005-006

APU

4265005006

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $4,511,120

  6.5%

  $4,164,111

  7%

  $3,866,674

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,176,834

  Geo Method

  $4,188,664

• Alternative Use

  Use

  Valuation

  Residential

  $4,164,111

  Hospitality

  $3,814,303

  Educational

  $3,173,455

  Medical

  $3,282,595

  Retail

  $4,936,486

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0526

Longitude

-118.463

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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