11815 Mayfield Ave
Los Angeles, CA 90049
Build-to-Rent Property For Sale · 15 Units

Power Properties | Commercial Real Estate is offering for sale this fifteen (15) unit apartment building consisting of six 1+1s, six 2+1.75s, two 2+1.75+den and one 3+1.75. Most of the units have been remodeled or renovated in some fashion and feature a spacious floor plan, balcony or private patio and wall A/C unit. The building was repiped with copper plumbing in 2011, it is separately metered for gas and electricity, has a laundry room (leased equipment) and intercom entry system. Covered parking is at the front and rear of the building and is subject to the LA Soft-Story Retrofit Program ordinance with an initial compliance date of 11/3/2018. The subject property is located just north of Wilshire Boulevard in the neighborhood of Brentwood. A prime west Los Angeles location with easy access to the restaurants and shops along San Vicente Boulevard as well as the movie theaters, shops and restaurants in Westwood Village. In addition, the Metro Expo Line has a stop approximately 1.5 miles away which delivers a convenient travel path to Santa Monica beach, Santa Monica Pier, Third Street Promenade and the 2010 renovated Santa Monica Place outdoor shopping mall. Travelling on the Metro Expo line in the other direction delivers a passageway to Culver City and Downtown Los Angeles. With the expansion of the Metro Purple line and an eventual stop at the VA Center (less than a mile away), residents will gain light rail access to Westwood, Century City, Beverly Hills, Mid-Wilshire and Koreatown. *This property will be sold with 11818 Darlington Ave. 90049 (15 units / northern adjacent parcel). Parcels are back to back. PLEASE NOTE THE FOLLOWING: 1) Trust sale w/no court confirmation 2) Do not disturb the tenants 3) Email josh@powerpropertygrp.com w/signed NDA (attached) by your client and full marketing package & LOI will be provided 4) Please make initial offer on provided LOI form w/POF, schedule of real estate & prequal letter or commitment letter from lender 5) Access to books & records provided to qualified buyers upon receipt of LOI 6) All property showings by appointment only 7) All services have been selected 8) LOI deadline is Friday, May 4th by 5pm. 9) Seller will select winning bid from the submitted LOIs and provide a purchase agreement for all parties to sign. Disclaimer: All information has been secured from sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to its accuracy. References to SF, age, expenses, pro-forma/market expectations & financing terms are approximate. Recipient(s) must verify the information and bears all risk for any inaccuracies.