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    3658 Midvale Avenue

    Los Angeles (City), CA 90034
    • $2,600,000
    • STATUS: Active
    • ON SITE: 105 days
    • ID#: 21686868
    UPDATED: 62 min ago
    $2,600,000
    • 0
      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 California Regional Multiple Listing Service, Inc. as of 2021-05-15T19:34:57.973. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
    www.necolrealty.com/homes/113743314
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    3658 Midvale Avenue Los Angeles (City), CA 90034

    • Price: $2,600,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: 21686868
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    6,350
    SQFT
    $409
    $/SQFT
    1958
    Built
    Neighborhood:
    C13 - Palms - Mar Vista
    County:
    Los Angeles
    Area:
    C13 - 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

    Carport YN Yes Parking Features Carport

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 183541 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 125484 Senior Community YN No Special Listing Conditions Standard Total Actual Rent 187980 Zoning Lar3

    Listing provided courtesy of Kamfar Kyle Mirrafati of Matthews Real Estate Investment Services


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-15T19:34:57.973. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
     
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