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3720 Midvale Ave
Los Angeles, CA 90034
9-Units in Palms | 5.86% Cap Rate · Multifamily Property For Sale
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9 Units
Investment Highlights
- Midvale is Currently Achieving a Healthy Income Stream of More than $20,000 in Scheduled Rent Per Month
- Located In a Highly Desirable Pocket of West LA. Residents Enjoy Convenient access to Employment Centers, Retail & Entertainment
- 44% of Units are Townhome Style Units that Feature Private Yards
- Select Units have been Renovated with Upgraded Electrical Systems, Luxury Flooring, Stainless Steel Appliances, Large Private Patios & Washer/Dryers
- There is 20 Percent Remaining Rental Upside Through Turnover and Tactful Renovations
- Current Ownership Has Attentively Maintained the Property Which Has Very Little Deferred Maintenance
Property Facts
| No. Units | 9 | Building Size | 7,229 SF |
| Property Type | Multifamily | Average Occupancy | 0% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.38/1,000 SF |
| Lot Size | 0.18 AC | ||
| Zoning | LAR3 - Multi Family Dwelling | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,229 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | LAR3 - Multi Family Dwelling |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Tub/Shower
Site Amenities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 450 - 600 |
| 2+1 | 4 | - | 900 |
Property Taxes
| Parcel Number | 4252-026-004 | Improvements Assessment | $541,216 |
| Land Assessment | $1,948,377 | Total Assessment | $2,489,593 |
Property Taxes
Parcel Number
4252-026-004
Land Assessment
$1,948,377
Improvements Assessment
$541,216
Total Assessment
$2,489,593
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