11831 Mayfield Avenue

Los Angeles, CA 90049

$3,700,000
Price
9
Beds
9
Baths
6,066 Sq. Ft.
$610 / Sq. Ft.
6,066
Sq. Ft.
$610
per Sq. Ft.

Description

This exceptional opportunity presents the chance to acquire a strategically situated 7-unit apartment building in the heart of West Los Angeles. Spanning an impressive 6,066 square feet, this fully occupied multifamily property boasts a diverse unit mix, including two spacious 3-bedroom, 2-bathroom units, two cozy 2-bedroom, 2-bathroom units, a charming 1-bedroom, 1-bathroom unit, and three versatile studios without kitchens. One of these units even features a delightful front patio. Owned and meticulously...This exceptional opportunity presents the chance to acquire a strategically situated 7-unit apartment building in the heart of West Los Angeles. Spanning an impressive 6,066 square feet, this fully occupied multifamily property boasts a diverse unit mix, including two spacious 3-bedroom, 2-bathroom units, two cozy 2-bedroom, 2-bathroom units, a charming 1-bedroom, 1-bathroom unit, and three versatile studios without kitchens. One of these units even features a delightful front patio. Owned and meticulously maintained by a family for years, this building stands on a generous 6,386-square-foot lot, complete with onsite laundry facilities. Nestled in the esteemed Brentwood neighborhood, this property enjoys a prime location, just a short drive from the breathtaking Santa Monica coast and less than 2 miles from the renowned UCLA campus. Residents of this property will relish the proximity to a vibrant array of amenities, all within walking distance. From trendy restaurants and bars to delightful dessert spots, grocery stores, craft shops, and specialty boutiques, this location offers a rare combination of quality, convenience, and potential investment returns. This property will be exchanged under the provisions of section 1031 by the seller.
  1. Listed by Andrew Weiss • DRE #01467173 • Brokerage DRE #01467173 • Regency Property Management

Property Details for 11831 Mayfield Avenue

Water Front
None
Zoning
LAR3
Style
Mid-Century
Parcel Number
4265015009
Total Units
7.0
Living Area
6066
Source Living Area
Assessor
Area
Brentwood (C06)
LISTING UPDATED: 01/13/2025 09:18 PM

Property Details for 11831 Mayfield Avenue

StatusActive
MLS #25-482071
Days on Market2
Taxes$17,468 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.15 AC / 6,386 SF
CountyLos Angeles County

Building Information for 11831 Mayfield Avenue

Stories2Residences-Year Built1961Building Size-Lot Size0.15 AC / 6,386 SF

Property Information for 11831 Mayfield Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 7
  • Senior Community: No
  • Management Company Name: Regency Property Management
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 3Br, 1Br, St
  • View: No
  • View Description: None
  • View: None
  • Security Features: Carbon Monoxide Detector(s), Exterior Security Lights, Fire and Smoke Detection System, Smoke Detector
  • Direction Faces: South
  • Property Condition: No Additions/Alter
  • Water: District
  • Sewer: In Street
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: No
  • Water Heater Features: Central Water Heater
  • Water District: Los Angeles DWP
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $176,000
  • Net Operating Income: $135,000.00
  • Gross Income: $176,000
  • Gross Scheduled Income: $180,000
  • Cap Rate: 3.65%
  • Gross Rent Multiplier: $20.55
  • Actual Annual Gross Rent: $180,000.00
  • Actual Gross Annual Income: $176,000
  • Monthly GrossI Income: $11,250.00
  • Gross Spendable Income: $135,000
  • Laundry Income: $2,000
  • Actual Rent Total: $174,000.00
  • Financial Info as Of: 12/31/2024
  • Vacancy Allow Dollar: $3,000.00
  • Vacancy Allow Percent: 1.67%
  • Owner Pays: Water, Electricity
  • Total Annual Expense: 55000
  • Water Expense: $6,000.00
  • Electric Expense: $1,200.00
  • Trash Expense: $300.00
  • Tax Expense: $17,500
  • Expense Maintenance Percent: $7.00
  • Gardener Expense: $1,440
  • Insurance Expense: $8,000
  • Management Expense: $8,317.00
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1466
  • Lot Size Square Feet: 6386
  • Lot Size Dimensions: 41x157
  • Source Lot Size Dimensions: Assessor
  • Lot Features: Rectangular Lot
  • Lot Description: Lot Shape-Rectangular, Lot-Level/Flat, Single Lot, Street Lighting
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 7
  • Covered Parking: 4
  • Open Other Spaces Total: 3
  • Parking Features: Carport
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Living Room, Patio Open, Studio
  • Levels: Two
  • Fireplace Features: Bath, Gas, Patio
  • Fireplace Rooms: Bath, Gas, Patio
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Tile, Vinyl, Vinyl Plank, Laminate, Linoleum
  • Equipment: Ceiling Fan, Dishwasher, Garbage Disposal, Washer, Dryer
  • Interior Features: Common Walls, Drywall Walls
  • Room Kitchen Features: Formica Counters, Tile Counters
  • Kitchen Features: Formica Counters, Tile Counters
  • Room Bathroom Features: Shower in Tub
  • Bathroom Features: Shower and Tub
  • Common Walls: Attached
  • Cooking Appliances: Oven-Gas, Range Hood, Range
  • Laundry: Room, Community
  • Laundry Equipment: Own
  • TV Services: Cable TV
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Roof: Tar and Gravel
  • Sprinklers: Front
  • Patio Features: Slab
  • Windows: Window Blinds, Drapes/Curtains
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Foundation Details: Slab
  • Other Structural Features: Balcony, Slab
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-13-2025
  • Listing Terms: Cash To New Loan, All Inclusive Trust Deed
  • Rent Control: Yes
  • Tenant Pays: Cable TV, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,744.00
  • Unit Actual Rent: $3,744.00
  • Unit Projected Rent: $3,744.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,021.00
  • Unit Actual Rent: $2,021.00
  • Unit Projected Rent: $2,021.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,793.00
  • Unit Actual Rent: $2,793.00
  • Unit Projected Rent: $2,793.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,468.00
  • Unit Actual Rent: $1,468.00
  • Unit Projected Rent: $1,468.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Dishwasher: 3
  • Number of Disposal: 7
  • Number of Drapes: 4
  • Number of Electric Meters: 4
  • Number of Gas Meters: 7
  • Number Leased: 7
  • Number Patio: 1
  • Number Range: 3
  • Number Refrigerator: 7
  • Number Water Meters: 0
Tax and Assessed Info
Tax and Assessed Info
  • Tax New: $17,468
  • Tax Percent: .12%
  • Tax Rate: 1.25%
  • Tax Rate Year: 2023
  • Assessed Improvement Value: $497,247.00
  • Assessed Improvement Percent: 36.67
  • Assessed Land Value: $858,896.00
  • Assessed Land Percent: 63.33
  • Assessed Total Value: $1,356,143.00

Property History for 11831 Mayfield Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11831 Mayfield Avenue

Taxable ValueLand$876,073Additions$508,891Total$1,384,964
Tax Record2024$17,794 ($1,483 / month)
Home Facts
Total Finished SqFt6,066 SqFtAbove Grade Finished SqFt6,066 SqFtLot Size6,464 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningLAR3CountyLOS ANGELESAPN4265-015-009

Schools near 11831 Mayfield Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Charter - 6 to 8
Charter - 9 to 12
Rating
School
Distance
Brentwood Science School
PublicK to 5

Brockton Avenue Elementary School
PublicK to 5

Paul Revere Middle School
Charter6 to 8

University Senior High School Charter
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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11831 Mayfield Avenue is a multi-family home for sale in Los Angeles, CA 90049. This property was listed for sale on January 13, 2025 by Regency Property Management, it's currently listed at $3,700,000. It has been on the market for a total of 2 days and was last sold on October 9, 1998. This listing's school district is Los Angeles Unified School District. Nearby schools include Brentwood Science School, Brockton Avenue Elementary School and Paul Revere Middle School. 11831 Mayfield Avenue is a 9-bed, 9-bath, 6,066 sqft multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Regency Property Management, Andrew Weiss, DRE #01467173

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.