Motivated Seller * - Located in the heart of West Los Angeles, adjacent to Westwood, 1861 Midvale is a well-maintained five-unit multifamily property that presents significant upside potential. Built in 1967,this charming building features a unit mix comprised of one 3-bedroom, 2.5-bathroom unit, three 2-bedroom, 2-bathroom units, and one 1-bedroom,… Read More 1-bathroom unit. With three units currently vacant, there is immediate value-add potential to enhance rental income. This asset presents an exceptional opportunity for long-term investors, featuring a secured entry, ample on-site parking, and an on-site laundry facility. Several units have been tastefully upgraded with hardwood flooring, stainless steel appliances, and granite countertops, making them highly attractive to tenants. The property is ideally situated just moments from renowned shopping, dining, and entertainment options, offering unparalleled access to the vibrant Westwood community and major employment centers. This asset provides a unique opportunity for investors looking to capitalize on the potential for rental improvements. With a desirable tenant base and the promise of future income growth, 1861 Midvale is a rare chance to acquire a prime, value-add asset in one of Los Angeles' most sought-after neighborhoods. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Michael Monempour 310-425-9838
Listing Snapshot
Days Online
54
Last Updated
Property Type
Other
Beds
10
Square Ft.
5,538
Lot Size
0.15 Acres
Year Built
1967
MLS Number
25517577
30 Days Snapshot Of 90025
$1.33M
-8%
(avg) sold price
15
-11%
homes sold
65
-9%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1967, Building area total: 5,538, Levels: Two, Living area: 5538, 2 stories, 1 building
Heating
WallFurnace
Income
Gross income: $185,292, Net operating income: $111,365
Lot
0.1492 acres, 6,500 square feet, Size: 6,500
Parking
Carport
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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