11621 Ayres Avenue, Los Angeles, CA 90064
Fourplex · 3 recorded sales since 2019
Sold June 2023
Listing Agent: Maggie Lalezari (DRE #01053411) · Listing Office: Pinnacle Estate Properties, Inc. · Contact: 818-933-3100 · Bought with: Rod Fani · Apolllo Briokerage · MLS #SR23089335 · Source: CRMLS
About this fourplex
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.
Listing description from the June 2023 sale, as reported to CRMLS.
Sale history
