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11621 Ayres Avenue
Los Angeles, CA 90064
Sold
11621 Ayres Avenue
Los Angeles, CA 90064
Sold
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.
PROPERTY INFORMATION
| MLS # | SR23089335 | Lot Size | 5,621 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 4,250,000
Price Per SqFt: $ 654 |
DOM | 756 Days |
| Address | 11621 Ayres Avenue | Type | Residential |
| City | Los Angeles | Sq.Ft. | 6,496 Sq. Ft. |
| Postal Code | 90064 | Garage | N/A |
| County | Los Angeles | Year Built | 2023 |
| Bed / Bath | 16 / 0 | Parking | N/A |
| Built In | 2023 | Status | Closed |
| Sold Date | 2023-06-02 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Dryer Included, Inside, Washer Included |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Disposal, Microwave, Refrigerator |
| Kitchen Information | Kitchen Island |
| Has Heating | Yes |
| Heating Information | Central |
| Room Information | Living Room |
| Has Cooling | Yes |
| Cooling Information | Central Air |
| EntryLocation | ground |
| Entry Level | 1 |
| SecuritySafety | Gated Community |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $4,533
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/02/2023 | Sold | $4,080,000 |
| 05/22/2023 | Listed | $4,250,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Maggie Lalezari, Pinnacle Estate Properties, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
