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3658 Midvale Ave

Los Angeles, CA 90034
  • $2,600,000
  • STATUS: Active
  • ON SITE: 134 days
  • MLS #: 21-686868
UPDATED: 75 min ago
$2,600,000
  • 15
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,350
    SQFT
  • $409
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Description

4.83% CAP rate on in Placed Rents & 13.74x GRM! 3658 Midvale Avenue is two-story apartment building located in the Palms neighborhood of LA, steps from Downtown Culver City. The property consists of an excellent unit mix of majority large 2-and 3-Bedroom units with 2 units delivered vacant. The property is completely remodeled with new copper plumbing, new roof, resurfaced driveway, and interior units with new windows, flooring, kitchens, and bathrooms. The property consists of 11 parking spaces, and the seller has completed the Soft Story Retrofit. The building is separately metered for gas & electric, and offers tenants on-site laundry service. The property is steps from all the major shops, theaters, restaurants, and bars in Culver City. This is a great opportunity to own a high CAP rate investment in a prime westside neighborhood.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-13T17:42:36.507. 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.
www.haciendagroupinc.com/homes/113741155
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3658 Midvale Ave Los Angeles, CA 90034

  • Price: $2,600,000
  • Status: Active
  • Updated: 75 min ago
  • MLS #: 21-686868
15
Beds
0
Baths
0
½ Baths
0.18
Acres
6,350
SQFT
$409
$/SQFT
1958
Built
Neighborhood:
Palms - Mar Vista
County:
Los Angeles
Area:
Palms - Mar Vista
Property Description
4.83% CAP rate on in Placed Rents & 13.74x GRM! 3658 Midvale Avenue is two-story apartment building located in the Palms neighborhood of LA, steps from Downtown Culver City. The property consists of an excellent unit mix of majority large 2-and 3-Bedroom units with 2 units delivered vacant. The property is completely remodeled with new copper plumbing, new roof, resurfaced driveway, and interior units with new windows, flooring, kitchens, and bathrooms. The property consists of 11 parking spaces, and the seller has completed the Soft Story Retrofit. The building is separately metered for gas & electric, and offers tenants on-site laundry service. The property is steps from all the major shops, theaters, restaurants, and bars in Culver City. This is a great opportunity to own a high CAP rate investment in a prime westside neighborhood.
Exterior Features

Lot Size Area 7991 Other Structures None Parking Garage Carport Total Parking 11

Interior Features

Baths Total 9.00 Cooling Wall/Window Equipment None Heating Wall Laundry Equipment Lease

Property Features

Assessed Total Value 967140 Gross Income 183541 Gross Operating Income 183541 Like Units1 4 Like Units2 2 Like Units3 1 Net Operating Income 125484.00 Number Of Buildings 1 Number Of Units 7 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 58057 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Kamfar Kyle Mirrafati DRE#01911204 of Matthews Real Estate Investment Services.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-13T17:42:36.507. 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.
 
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Hacienda Agency Inc
77935 Calle Tampico # 201
La Quinta CA, 92253