Listed by Marcus & Millichap - Los Angeles
Unpriced
11911 Mayfield Ave & 11860 Kiowa Ave
Details
APN 4265-009-141 to 4265-009-171; 4265-013-151
Property Type Multifamily
Sub Type Apartment Building
Units 60
Cap Rate 4.51%
Price per SqFt $519
Year Built 2006, 2007
Buildings 1
Lot Size (SqFt) 22,080 - 23,384
Zoning R3-1
Parking Spaces 135 spaces
Ownership Fee Simple
Multifamily | 60 Units | $870,968/unit
Marketing description
The Azzi Group of Marcus & Millichap is pleased to present the opportunity to acquire 11911 Mayfield Ave and 11860 Kiowa Ave, a 60-unit plus 1 non-conforming studio investment opportunity located in the highly desirable 90049 zip code of Brentwood.
Investment highlights
- Portfolio Sale: | 60 Units | 105,369 Sf Across 11860 Kiowa Ave (29 Units, 2007) and 11911 Mayfield Ave (31 +1 Nc Units, 2006) in Los Angeles, Ca 90049
- Family‑sized Unit Mix: 60 Units Are 3brs (Kiowa: 29 × 3bdr+2 Bath; Mayfield: 31 × 3bdr+3 Bath) Plus 1 Non-conforming Studio at Mayfield—an Uncommon Westside Mix That Supports Premium Rents and Stickier Tenancy.
- Prime Westside Infill Location: Between Brentwood, Westwood, and Santa Monica, One of the Most Supply‑constrained and High‑income Submarkets in Southern California
- Walkable Residential Streets With Easy Access to Montana Ave, San Vicente Blvd, and Brentwood Village, Offering Upscale Retail, Dining, and Neighborhood Services Preferred by Long‑term Tenants
- Exceptional Renter Demographics: The Area Attracts Professionals, Families, and Dual‑income Households Seeking Larger Floorplans Without Condominium Pricing.
- Strong Long‑term Fundamentals: Limited New Multifamily Supply, Restrictive Zoning, and High Land Values Continue to Support Rent Growth and Asset Appreciation Across Cycles.
- Convenient Freeway Connectivity via the 405 and Quick Access to Santa Monica Beaches, Beverly Hills, and Downtown La, Enhancing Lifestyle Appeal Without Sacrificing Commute Efficiency.
- Property Address : 11911 Mayfield Ave Los Angeles, CA 90049
- Assessor’s Parcel Number : 4265-009-141 to 4265-009-171
- Zoning : R3-1
- Number of Units : 31+ 1 *
- Number of Buildings : 1
- Number of Stories : 4
- Number of Parking Spaces : 77
- Year Built : 2006
- Gross Square Feet : 52,007
- Lot Size : 23,384 SF
- Type of Ownership : Fee Simple
- Utilities: Water/ Electric / Gas : Separately Metered
- 11911 May Field Cap Rate - Current - 4.51%
- Net Operating Income - 2,321,007
- Pro-forma NOI - $3,367,164
- Property Address : 11860 Kiowa Ave Los Angeles, CA 90049
- Assessor’s Parcel Number : 4265-013-151
- Zoning : R3-1
- Number of Units : 29
- Number of Buildings : 1
- Number of Stories : 4
- Number of Parking Spaces : 58
- Year Built : 2007
- Gross Square Feet : 53,362
- Lot Size : 22,080 SF
- Type of Ownership : Fee Simple
- Utilities: Water, Electric / Gas : Separately Metered
- 11860 Kiowa Ave Cap Rate - Current - 4.42%
- Net Operating Income - $1,104,236
- Pro-forma NOI - $1,401,102
Listing Contacts
Listed by Marcus & Millichap - Los Angeles
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