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11911 Mayfield Avenue

May Ling Yu Sells Multifamily Properties In Brentwood For $46.35M With Tony Azzi & Rabbie Banafsheha As Seller's Representatives
SOLDMultiFamily

May Ling Yu Sells Multifamily Properties In Brentwood For $46.35M With Tony Azzi & Rabbie Banafsheha As Seller's Representatives

11911 Mayfield Avenue & Kiowa Avenue

$46,350,000

$439/SF

Building Size

105,369 SF

Asset Type

MultiFamily

Closing

Apr 1, 2026

AI

A multifamily asset comprising two separate properties located at 11911 Mayfield Avenue and 11860 Kiowa Avenue in the Los Angeles market has been sold for a combined value of $46,350,000. The total square footage of the properties is 105,369, with a total of 61 units resulting in a price per unit of $759,836, and a price per square foot of $440.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $46,350,000
  • Units: 61
  • Square Footage: 105,369
  • Price Per Unit: $759,836
  • Price Per Square Foot: $440
  • Seller: May Ling Yu
  • Buyer's Representative: Glenn Brander & Zach Friedman - Miller & Desatnik Realty
  • Seller's Representative: Tony Azzi & Rabbie Banafsheha - Marcus & Millichap

The transaction was facilitated by the brokers, with Tony Azzi and Rabbie Banafsheha representing the seller May Ling Yu, while Glenn Brander and Zach Friedman represented the buyer in this deal.

Players

Rabbie Banafsheha

Marcus & Millichap

Broker

$288.9M

vol

17 deals

Broker

May Ling Yu

None

Seller

$121.1M

vol

3 deals

Seller

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93