3720 Midvale Avenue

Los Angeles, CA 90034

PRICE REDUCED

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-$150,000 (-4.69%)

$3,050,000

List Price

13

bed Beds

9

shower Baths

7,229 sqft

straighten / sqft

1964

calendar_month Built

Property Description

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.

Listing Information

List Price $3,050,000
Status Active
MLS 24429437
Type Residential Income
Year Built 1964
Lot Size 7,991
Structure Size 7,229
DOM 85
Courtesy Of Marcus & Millichap
Listing Agent Sean Rosenzweig DRE#01406343

Interior Features

Total Bedroom
Bedrooms 13
Total Bathroom
Bathrooms 9

Exterior Information

Maps

Listing information courtesy of: Sean Rosenzweig, Marcus & Millichap 213-943-1897. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 12th, 2024 at 7:20 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.