Deal numbers
A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.
Property details
- Bedrooms
- 9
- Building size
- 8,936 sqft
- Lot size
- 7,502 sqft
- Year built
- 1962
- Stories
- 2
- Heating
- None
- Cooling
- None
- View
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 248987082
About this property
First Time Ever on the Market! 7 of 9 Units Delivered Vacant! An exceptionally rare opportunity to acquire a premier multifamily asset in the heart of Brentwood, one of Los Angeles' most prestigious and highly coveted neighborhoods. Ideally situated north of Wilshire Boulevard, approximately half a mile from the vibrant San Vicente Boulevard corridor, 11728 Mayfield Avenue offers an irreplaceable location surrounded by upscale dining, boutique shopping, and the quintessential Brentwood lifestyle. With 7 of the 9 units delivered vacant at the close of escrow, this offering presents an extraordinary opportunity for a savvy investor with vision and creativity to leave their signature on a prestigious Brentwood property. Unlike ground-up development, the existing structure and exceptionally spacious floor plans provide the foundation to transform the property into a distinguished residential asset without the need for complete redevelopment. The substantial vacancies allow an investor to bring their own design vision to life, reimagine the interiors, introduce modern finishes, and create a truly remarkable living experience while unlocking tremendous rental upside. The property features an excellent unit mix consisting of (1) Studio, (7) Two-Bedroom/Two-Bathroom units, and (1) Three-Bedroom/Two-Bathroom unit. Its generous floor plans offer the scale and flexibility to create spacious, beautifully appointed residences that complement the prestige of the surrounding neighborhood. Boasting an impressive Walk Score of 89, the property enjoys convenient access to San Vicente Boulevard's celebrated restaurants, cafEs, shopping, and neighborhood amenities. The property also benefits from proximity to Wilshire Boulevard, Santa Monica Boulevard, and the expanding Metro D Line. With a completed earthquake seismic retrofit and SB 721 inspection report, 11728 Mayfield Avenue offers a compelling foundation for its next chapter. Opportunities combining seven vacant units, expansive floor plans, and an irreplaceable Brentwood location are exceedingly difficult to replicate. This is a chance for a visionary investor to create a signature multifamily property in one of the most desirable residential neighborhoods in Los Angeles.
Location
11728 Mayfield Avenue
Los Angeles, Los Angeles, CA, 90049