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Map
$4,309,005*
●
Multifamily -
Off Market
11621 Ayres Avenue
Los Angeles, CA 90064
16 Beds
0 Bath
6496 Sqft
$3,825,000 - $4,675,000
Reference Base Price*
1.39%
Since Jul 1, 2023
CA-Los Angeles
Primary Model
About This Property
11621 Ayres is an ultra-rare brand new construction luxury fourplex
in prime West LA. The sleek modern units have gorgeous finishes
with a warm open floor plan containing tons of natural light and
balconies overlooking nice greenery. 3 UNITS HAVE BEEN RENTED
with signed leases at $7,000, $7,000 and $6,700 each and 4th
application is in! The front building consists of two 4 bedrooms,
4.5 baths containing 1,505 square feet each approximately with the
rear building consisting of two 4 bedrooms, 4 baths with
approximately 1740 square feet. We project an exceptional cap
rate of 6.16%, which is impossible and unheard of to find in this
A+ location as other apartment buildings in West LA are selling at
a significantly lower cap rate. This trophy property is an
investor's dream surrounded by brand new construction buildings
making it highly desirable amongst renters for the location
proximity. With a short walking distance to shops, bars,
restaurants, and trendy cafes like Federal Coffee this property has
a very high walkability score. The property is minutes away
from Santa Monica Beach and UCLA with easy access to both the 405
and 10 freeways and is close to Rancho Park and Mar Vista. This is
the only brand-new construction fourplex active in West LA and new
builds in this excellent area are extremely rare. All units
are separately metered with their own water, electric, and gas
meters. Each unit has Central A/C, stainless steel
appliances, tankless water heaters, garages, beautiful Quartz stone
counters, and central islands. Each unit comes with its own
separate laundry room with units installed, the back units have a
large laundry room with tons of closet space. There are 4 covered
parking spaces and 4 partially covered parking spaces accessed from
a back alley. Buyer is to verify all and do their own due
diligence.
The manager has listed the unit size as 6496 square feet.
The manager has listed the unit size as 6496 square feet.
Unit Size
6,496Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$654
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1938
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jun 3, 2023 | No longer available | - | |
No longer available | |||
May 31, 2023 | Sold | $4,080,000 | |
Sold | |||
May 22, 2023 | Listed | $4,250,000 | |
Listed | |||
Oct 1, 2020 | Sold | $1,210,000 | |
Sold |
Property Highlights
Air Conditioning
Building Details
New Construction
New Construction
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
House
4
Beds
4.5
Baths
3,518 ft²
$993/ft²
$3,495,000
Sep 26, 2023
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
01/30/2023
|
|
16 Bed
|
-
|
-
|
$4,350,000
16 Bed
-
|
-
-
|
-
|
Daniel Lalezari
Keller Williams Hollywood Hills
|
02/13/2019
|
|
3 Bed
|
2 Bath
|
-
|
$1,399,000
3 Bed
2 Bath
|
-
-
|
-
|
-
|
07/16/2018
|
|
3 Bed
|
2 Bath
|
2023 ft²
|
-
3 Bed
2 Bath
2023 ft²
|
-
-
|
-
|
-
|
Building Info
11621 Ayres Avenue
11621 Ayres Avenue, Los Angeles, CA 90064
- 1 Unit for Sale