Los Angeles, CA 90034 3720 Midvale Avenue

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Presented By: Sean Rosenzweig with Marcus & Millichap;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 24429437
  • 08/19/2024
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 13
  • Baths • 9
  • SQFT • 7,229

Home Details

Do Not Walk the Property or Disrupt Tenants. Contact Listing Team for Property Showing Instructions. We are pleased to offer for sale 3720 Midvale Avenue, a nine-unit apartment community in Palms, an affluent residential neighborhood bordering Culver City. The subject property is located West of Overland Avenue & South of Palms Boulevard, ideally located a few blocks away from the I-10 Freeway and half a block North of Venice Boulevard allowing tenants convenient access throughout Los Angeles. Nestled between Beverly Hills, Century City, Marina Del Rey, Santa Monica and Venice, 3720 Midvale Avenue provides residents with easy access to major thoroughfares and the charm of Palms' vibrant neighborhood. The area captures the essence of urban living providing tenants access to West LA, Downtown Culver City and strong employment opportunities as many of the largest tech companies including Google, Apple, Tesla and Amazon have leased space nearby. Situated on a 7,991 square foot lot, the property is comprised of five one-bedroom units and four two-bedroom townhome units. Current ownership has extensively renovated the property including a new roof & select units have been upgraded with new water heaters, new electrical systems, luxury flooring, stainless steel appliances, large private patios, in-unit washer/dryers, & more. Townhome units feature private yards that attract more demand and garner higher rents. 3720 Midvale Avenue provides investors with a rare opportunity to acquire a well-maintained asset with remaining value-add components in a desirable pocket of West Los Angeles.* Please refer to the Unit Configuration Summary on page 15 of the Offering Memorandum for further details.
Presented By: Sean Rosenzweig with Marcus & Millichap;

Interior Features for 3720 Midvale Avenue

Bedrooms

Total Bedrooms13

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths9

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories2

General for 3720 Midvale Avenue

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.0
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
DirectionsWest of Westwood Boulevard & North of Venice Boulevard
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income248514.0
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7991.0
Lot Size UnitsSquareFeet
MLS AreaC13 - Palms - Mar Vista
MobileHomeRemainsYNNo
Net Operating Income170515.0
New ConstructionNo
Number Of Units Total9
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Waterfront Y/NNo
Year Built1964
Year Built SourceAssessor
ZoningLAR3

Exterior for 3720 Midvale Avenue

Building Area Total7229.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1834
Lot Size Area7991.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesCovered
Private PoolNo
SpaNo
Total Parking10.0

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $2,840,000
MLS#24429437
List Date 08/19/2024
Property Type Multi-Family
Phone 714.742.6515
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