Description
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.
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16BEDS
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0.13ACRES
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0BATHS
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01/2 BATHS
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6,496SQFT
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$628$/SQFT
Description
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.
Based on information from CRISNet MLS as of 2023-06-06T08:56:35.437. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
Based on information from the i-Tech MLS as of 2023-06-06T08:56:35.437. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.