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$ 2,150,000
Est. payment /mo
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1861 Midvale AVE Los Angeles, CA 90025
10 Beds
9 Baths
5,538 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,538 sqft
Price per Sqft $388
MLS Listing ID 25622831
Bedrooms 10
HOA Y/N No
Year Built 1967
Property Description
1861 Midvale Ave is a well-located five-unit apartment building in the heart of West Los Angeles, just one block south of Santa Monica Blvd and one block west of Westwood Blvd. The property offers an ideal mix of one 1-bed/1-bath unit, three 2-bed/2-bath units, and one 3-bed/2.5-bath unit, supporting strong long-term renter demand. Two of the 2-bed units and the updated 1-bed unit are currently vacant, providing an immediate value-add opportunity to lease at premium market rents. The building has been well maintained, featuring a 2017 roof, completed soft-story retrofit, and four tuck-under parking spaces plus additional driveway parking for at least five cars total. Seller has a recent $28K quote (including permits) for replacement of all electrical panels. With a Walk Score of 90, this location is a "Walker's Paradise," offering easy access to nearby shops, restaurants, grocery stores, and entertainment. With stable in-place income, low maintenance requirements, and approximately 19% remaining rental upside, 1861 Midvale Ave presents a compelling investment opportunity in one of West LA's most consistent multifamily submarkets.
Location
State CA
County Los Angeles
Area C05 - Westwood - Century City
Zoning LAR3
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Covered, Driveway
Total Parking Spaces 5
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4323006021
Financing Cash
Special Listing Condition Standard
Listed by Benjamin Lewin Marcus & Millichap