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    3630 Midvale Avenue

    Los Angeles (City), CA 90034
    • $7,650,000
    • STATUS: Active
    • ON SITE: 54 days
    • ID#: EV20177126
    UPDATED: 63 min ago
    $7,650,000
    • 0
      BEDS
    • 0.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,790
      SQFT
    • $555
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Well maintained, 20 units located in the prime - and high-rental demand - Palms area of the Westside.? Six 2-bedroom, 1.5-bath units; thirteen 1-bedroom 1-bath and one studio on a large 16,000 square foot lot.? Great commuter location.? 26 parking places, security gate and on-site laundry.? This property is also offered as part of seven building portfolio (see attached Offering Memorandum).? Shown on accepted offers only.? Please do not disturb the tenants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T13:29:03.943. 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 Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/109520727
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    3630 Midvale Avenue Los Angeles (City), CA 90034

    • Price: $7,650,000
    • Status: Active
    • Updated: 63 min ago
    • ID#: EV20177126
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.37
    Acres
    13,790
    SQFT
    $555
    $/SQFT
    1963
    Built
    Neighborhood:
    C13 - Palms - Mar Vista
    County:
    Los Angeles
    Area:
    C13 - Palms - Mar Vista
    Property Description
    Well maintained, 20 units located in the prime - and high-rental demand - Palms area of the Westside.? Six 2-bedroom, 1.5-bath units; thirteen 1-bedroom 1-bath and one studio on a large 16,000 square foot lot.? Great commuter location.? 26 parking places, security gate and on-site laundry.? This property is also offered as part of seven building portfolio (see attached Offering Memorandum).? Shown on accepted offers only.? Please do not disturb the tenants.
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.78 Community Features Street Lights Country Us Electric Expense 16016.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 806.00 Gross Income 2400.00 Gross Multiplier 16.15 Gross Operating Income 457415.00 Gross Scheduled Income 471562.00 Insurance Expense 13712.00 Land Lease YN No Laundry Income 2400.00 Laundry YN Yes Licenses Expense 1357.00 Maintenance Expense 13230.00 Net Operating Income 363625.00 New Construction YN No New Taxes Expense 43330.00 Number Of Separate Electric Meters 21 Number Of Separate Gas Meters 21 Number Of Separate Water Meters 1 Number Of Units Leased 12 Operating Expense 93791.00 Other Expense 880.00 Other Expense Description Laundry Pest Control Expense 657.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Midway Park Total Actual Rent 271094.00 Total Expenses 93791.00 Trash Expense 3803.00 Vacancy Allowance 14147 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Public Records Zoning Lar3

    Listing provided courtesy of Daniel Corcoran of Corcoran Group Of California Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T13:29:03.943. 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 Keller Williams Realty. Licensed in the State of California, USA.

     
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