10560 Ayres Ave Los Angeles, CA 90064
New Construction Duplex in Rancho Park
SOLD: $3,190,000 CAP RATE: 4.61% GRM: 15.63 PRICE PER SQUARE FOOT: $806
We are pleased to announce the sale of 10560 Ayres Ave a newly constructed multifamily asset located in an AAA Cheviot Hills location ideally positioned between Beverly Hills and Beverlywood. The property is surrounded by a wide array of fine dining grocery shopping and entertainment options making it highly desirable for long term tenants.
The asset features an excellent unit mix consisting of two four bedroom two and a half bathroom townhome style units. Built in 2023 the property offers modern finishes and high quality construction with all units separately metered for gas and electricity providing efficient operational control for ownership.
The property sold for $3,190,000 reflecting a 4.61% cap rate a 15.63 GRM and a $806 price per square foot. The transaction was completed with an all cash offer and a 21 day close demonstrating strong buyer confidence and execution.
David Saghian represented the seller in this transaction.
Investment Highlights
Prime AAA Cheviot Hills location positioned between Beverly Hills and Beverlywood
Sold for $3,190,000 reflecting a 4.61% cap rate a 15.63 GRM and $806 per square foot
New construction asset built in 2023 featuring two four bedroom two and a half bathroom townhome units
All cash sale with a 21 day close demonstrating strong buyer demand and certainty
Units separately metered for gas and electricity creating operational efficiency
Rare exit flexibility with the ability for the seller to sell the townhomes individually as TIC units
Seller represented by David Saghian
Exclusively Listed & Sold By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com