1383 Midvale Avenue

    Los Angeles (City), CA 90024
    • $3,995,000
    • STATUS: Active
    • ON SITE: 179 days
    • ID#: SB18035814
    Price Reduced
    UPDATED: 48 min ago
    $3,995,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,546
      SQFT
    • $879
      $/SQFT
    Type:
    Multi-Family
    Built:
    1941
    County:

    School Ratings & Info

    Description

    Great opportunity for Builders or Developers, prime Westwood location, close to university, shopping, restaurants, park and freeway. This, fully rented, 8 units building is finally for sale. The front building has 2 multi-level units with 2 bedrooms and 2 baths each. The back building consists of 4, 1 bedroom, 1 bath and 2 Studios. These building was renovated about 3 years ago and most of the units have the original hardwood flooring. There are 6 parking spaces in the back and 1 car garage in the front with a parking spot on the driveway. There is a laundry room between the front building and the back building. These units are very easy to rent during school enrollment. Come check it out and make an offer. Please do not disturb or ask the tenants about this listing. This property falls under Los Angeles Rent Control.Please verify all information. Financial data are estimates.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-14T08:27:18.693. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/80801277

    1383 Midvale Avenue Los Angeles (City), CA 90024

    • Price: $3,995,000
    • Status: Active
    • Updated: 48 min ago
    • ID#: SB18035814
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,546
    SQFT
    $879
    $/SQFT
    1941
    Built
    Neighborhood:
    C05 - Westwood - Century City
    County:
    Los Angeles
    Area:
    C05 - Westwood - Century City
    Property Description
    Great opportunity for Builders or Developers, prime Westwood location, close to university, shopping, restaurants, park and freeway. This, fully rented, 8 units building is finally for sale. The front building has 2 multi-level units with 2 bedrooms and 2 baths each. The back building consists of 4, 1 bedroom, 1 bath and 2 Studios. These building was renovated about 3 years ago and most of the units have the original hardwood flooring. There are 6 parking spaces in the back and 1 car garage in the front with a parking spot on the driveway. There is a laundry room between the front building and the back building. These units are very easy to rent during school enrollment. Come check it out and make an offer. Please do not disturb or ask the tenants about this listing. This property falls under Los Angeles Rent Control.Please verify all information. Financial data are estimates.
    Exterior Features

    Garage Spaces 1.00 Lot Features 0-1 Unit/AcreFront Yard Lot Size Dimensions 7742 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 10.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area 500 Average Studio Area Units Square Feet Average1 Bed Area 600 Average1 Bed Area Units Square Feet Average2 Bed Area 850 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksStreet Lighting Country Us Electric Expense 548.00 Elevation Units Feet Gardener Expense 1200.00 Gross Income 181080.00 Gross Scheduled Income 181080.00 Insurance Expense 4449.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 252.00 Laundry YN Yes Licenses Expense 1562.00 Lot Dimensions Source Assessor Maintenance Expense 3815.00 Net Operating Income 149504.00 New Taxes Expense 7000.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 26383.00 Other Expense 377.00 Other Expense Description Gas Professional Management Expense 9000.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGasSewerTrash Collection Total Actual Rent 13720.00 Total Expenses 80600.00 Trash Expense 0.00 Water Sewer Expense 2400.00 Water Source Public Year Built Source Assessor Zoning Lar4

    Listing provided courtesy of Rick Pranada of Reily Realty And Management.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-14T08:27:18.693. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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