3720 Midvale Ave | Los Angeles, CA 90034
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3720 Midvale Ave
Los Angeles, CA 90034
9-Units in Palms | 5.86% Cap Rate · Build-to-Rent Property For Sale
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9 Units
INVESTMENT HIGHLIGHTS
- Midvale is Currently Achieving a Healthy Income Stream of More than $20,000 in Scheduled Rent Per Month
- Located In a Highly Desirable Pocket of West LA. Residents Enjoy Convenient access to Employment Centers, Retail & Entertainment
- 44% of Units are Townhome Style Units that Feature Private Yards
- Select Units have been Renovated with Upgraded Electrical Systems, Luxury Flooring, Stainless Steel Appliances, Large Private Patios & Washer/Dryers
- There is 20 Percent Remaining Rental Upside Through Turnover and Tactful Renovations
- Current Ownership Has Attentively Maintained the Property Which Has Very Little Deferred Maintenance
PROPERTY FACTS
| No. Units | 9 | Property Size | 7,229 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 0% |
| Property Subtype | Apartment | No. Floors | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Costar Property Class | C | Parking Allocation | 1.38/1,000 sq ft |
| Total Plot Size | 0.18 ac | ||
| Use Class | LAR3 - Multi Family Dwelling | ||
| No. Units | 9 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.18 ac |
| Property Size | 7,229 sq ft |
| Average Occupancy | 0% |
| No. Floors | 2 |
| Year Built | 1964 |
| Parking Allocation | 1.38/1,000 sq ft |
| Use Class | LAR3 - Multi Family Dwelling |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Tub/Shower
SITE AMENITIES
- Rubbish Collection - Kerbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 5 | - | 450 - 600 |
| 2+1 | 4 | - | 900 |
PROPERTY TAXES
| Parcel Number | 4252-026-004 | Improvements Assessment | £400,689 |
| Land Assessment | £1,442,481 | Total Assessment | £1,843,170 |
PROPERTY TAXES
Parcel Number
4252-026-004
Land Assessment
£1,442,481
Improvements Assessment
£400,689
Total Assessment
£1,843,170
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