1861 Midvale Ave - Apartments FOR SALE


Los Angeles, CA 90025- West Los Angeles
$2,300,000 USD
310-270-8423
1861 Midvale Ave, Los Angeles, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/47
null | 4.84% Cap Rate

1861 Midvale Ave
Los Angeles, CA 90025
West Los Angeles


HIGHLIGHTS

  • A+ Prime West Los Angeles Location adjacent to Westwood & Century City
  • Three Units Being Delivered Vacant at the close of escrow!
  • Completed Earthquake Seismic Retrofit
  • Excellent Unit Mix consisting of One - 3-bedroom, 2.5-bathroom unit, three 2-bedroom, 2-bathroom units, and one 1-bedroom, 1-bathroom units
  • 89 Walkscor! Located moments from renowned shopping, dining, and entertainment options, offering unparalleled access to the vibrant Westwood community
  • Property is Well maintained and in Excellent condition

OVERVIEW

Located in the heart of West Los Angeles, adjacent to Westwood, 1861 Midvale is a well-maintained five-unit multifamily property that presents significant upside potential. Built in 1967,this charming building features a unit mix comprised of one 3-bedroom, 2.5-bathroom unit, three 2-bedroom, 2-bathroom units, and one 1-bedroom, 1-bathroom unit. With three units currently vacant, there is immediate value-add potential to enhance rental income. This asset presents an exceptional opportunity for long-term investors, featuring a secured entry, ample on-site parking, and an on-site laundry facility. Several units have been tastefully upgraded with hardwood flooring, stainless steel appliances, and granite countertops, making them highly attractive to tenants. The property is ideally situated just moments from renowned shopping, dining, and entertainment options, offering unparalleled access to the vibrant Westwood community and major employment centers. This asset provides a unique opportunity for investors looking to capitalize on the potential for rental improvements. With a desirable tenant base and the promise of future income growth, 1861 Midvale is a rare chance to acquire a prime, value-add asset in one of Los Angeles’ most sought-after neighborhoods.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$415 USD /SF

# OF UNITS

5

PRICE/UNIT

$460,000

CAP RATE

4.84%

% LEASED

40%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,499 SF

ZONING

LAR3

APN/PARCEL ID

4323-006-021

ASK ABOUT THIS PROPERTY

Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

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Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.