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621 Midvale Ave
Los Angeles, CA 90024
15.98 GRM and 4.04 CAP in Westwood Village · Multifamily Property For Sale
·
11 Units
PROPERTY FACTS
| No. Units | 11 | Lot Size | 0.20 AC |
| Property Type | Multifamily | Building Size | 5,122 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1948 |
| Building Class | C | Parking Ratio | 1.37/1,000 SF |
| Zoning | R4 | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 5,122 SF |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | R4 |
AMENITIES
UNIT AMENITIES
- Hardwood Floors
SITE AMENITIES
- Recycling
ABOUT 621 MIDVALE AVE , LOS ANGELES, CA 90024
One of the best cash flowing deals on the Westside! Jonathan Taksa of Taksa Investment Group is pleased to present 621 Midvale Avenue, a rare opportunity to acquire an easy to manage property located in one of the best rental locations in prime Westwood Village. A short stroll to the UCLA campus, the property will be delivered with 4 out of 11 units vacant, allowing the astute investor to immediately capitalize on setting high market rents. 621 Midvale Avenue boasts an ideal student housing unit mix of 5 one bedroom one bath units at 6 studios . Priced at only 15.98 GRM and a 4.04 CAP, it is one of the best priced deals on the Westside. All units feature hardwood floors, full kitchens, large bathrooms, crown moldings and other vintage elements characteristic of 1940’s built properties. Also, the building has been completed re-piped with copper plumbing. There is an on-site laundry room and on-site parking consisting of 7 side by side parking spaces. 621 Midvale Avenue is situated on a very large 8,490 square foot lot zoned R4(q), affording a developer the opportunity to build a new 10 unit luxury development (Buyer to verify), and the unique opportunity to command the highest market rents in one of the best rental locations in all of Los Angeles. One of the best cash flowing deals on the Westside!
PROPERTY TAXES
| Parcel Number | 4363-014-016 | Improvements Assessment | $1,115,517 |
| Land Assessment | $2,231,036 | Total Assessment | $3,346,553 |
PROPERTY TAXES
