CA > Los Angeles
Los Angeles, CA 90025,1861 Midvale AVE
Los Angeles, CA 90025,1861 Midvale AVE
Los Angeles, CA 90025,1861 Midvale AVE
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$2,150,000
Est. payment /mo
10 Beds
9 Baths
5,538 SqFt
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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

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CRMLS – RECore
Listed by Benjamin Lewin Marcus & Millichap

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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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