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    3658 Midvale Ave

    Los Angeles, CA 90034
    • $2,675,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: 21-686868
    $2,675,000
    • 15
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,350
      SQFT
    • $421
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    4.75% CAP rate on in Placed Rents & Under 14x 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 2021-03-03T23:42:25.53. 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.lydiagable.com/homes/113741155
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    3658 Midvale Ave Los Angeles, CA 90034

    • Price: $2,675,000
    • Status: Active
    • ID#: 21-686868
    15
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    6,350
    SQFT
    $421
    $/SQFT
    1958
    Built
    Neighborhood:
    Palms - Mar Vista
    County:
    Los Angeles
    Area:
    Palms - Mar Vista
    Property Description
    4.75% CAP rate on in Placed Rents & Under 14x 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 185869 Gross Operating Income 185869 Like Units1 4 Like Units2 2 Like Units3 1 Net Operating Income 127144.00 Number Of Buildings 1 Number Of Units 7 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 58725 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 2021-03-03T23:42:25.53. 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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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377