Multifamily
11911 MAYFIELD AVE & 11860 KIOWA AVE
11911 Mayfield Ave, Los Angeles, CA 90049
Listing Price: $52,000,000
Investment Overview
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.
11911 MAYFIELD AVE & 11860 KIOWA AVE
Investment Highlights
- PORTFOLIO SALE: | 60 UNITS | 105,369 SF ACROSS 11860 KIOWA AVE (29 UNITS, 2007) AND 11911 MAYFIELD AVE (32 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.
- 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.
Exclusively Listed By
Listing Price: $52,000,000
Investment Highlights
- PORTFOLIO SALE: | 60 UNITS | 105,369 SF ACROSS 11860 KIOWA AVE (29 UNITS, 2007) AND 11911 MAYFIELD AVE (32 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.
- 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.
Investment Overview
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.
Exclusively Listed By
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