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Multifamily

1861 Midvale Ave

1861 Midvale Ave, Los Angeles, CA 90025

Listing Price: $2,500,000

Cap Rate
3.00%
Number of Units
5
Occupancy
100.0%
Price/Unit
$500,000
Price/Gross SF
$451.43
Gross SF
5,538

Investment Overview

1861 Midvale Ave is a five-unit apartment building in the heart of Westwood, offering an unbeatable location. The unit mix comprises one one-bedroom, three two-bedroom, and one three-bedroom units, ensuring a solid demand from various renters. Additionally, with a Walk Score of 93, this property is a 'Walker's Paradise,' making daily errands achievable without a car. Tenants will enjoy the convenience of walking to nearby shops, restaurants, and entertainment options. This property presents a good investment opportunity with low maintenance costs and a reliable cash flow, with over 40% rental upside.

Investment Highlights

  • WESTWOOD LOCATION Demands Premium Rents w/ Local High Pay Jobs - Avg. Household Income $159,582 - One Block South of Santa Monica Blvd & One Block West of Westwood Blvd
  • COURTYARD STYLE Property on 6,498SF Lot Zoned LAR3 Consisting of One 1-Bedroom, Three 2-Bedroom, and One 3-Bedroom Units
  • HIGH INCOMES - Educational attainment translates into a median household income that is well above the national average
  • WELL-EDUCATED WORKFORCE - 72.2% of the area's residents have earned a bachelor's or graduate degree
  • IN CLOSE PROXIMITY to UCLA, Century City, and Beverly Hills.
  • MAJOR EMPLOYERS nearby include: UCLA, UCLA Medical Center, Sony, Fox, & Live Nation Entertainment
  • WALKSCORE.com = 93 - 'Walker's Paradise - Daily errands do not require a car.'

Exclusively Listed By

Financing By

Multifamily

1861 Midvale Ave

Listing Price: $2,500,000

Cap Rate
3.00%
Number of Units
5
Occupancy
100.0%
Price/Unit
$500,000
Price/Gross SF
$451.43
Gross SF
5,538

Investment Highlights

  • WESTWOOD LOCATION Demands Premium Rents w/ Local High Pay Jobs - Avg. Household Income $159,582 - One Block South of Santa Monica Blvd & One Block West of Westwood Blvd
  • COURTYARD STYLE Property on 6,498SF Lot Zoned LAR3 Consisting of One 1-Bedroom, Three 2-Bedroom, and One 3-Bedroom Units
  • HIGH INCOMES - Educational attainment translates into a median household income that is well above the national average
  • WELL-EDUCATED WORKFORCE - 72.2% of the area's residents have earned a bachelor's or graduate degree
  • IN CLOSE PROXIMITY to UCLA, Century City, and Beverly Hills.
  • MAJOR EMPLOYERS nearby include: UCLA, UCLA Medical Center, Sony, Fox, & Live Nation Entertainment
  • WALKSCORE.com = 93 - 'Walker's Paradise - Daily errands do not require a car.'

Investment Overview

1861 Midvale Ave is a five-unit apartment building in the heart of Westwood, offering an unbeatable location. The unit mix comprises one one-bedroom, three two-bedroom, and one three-bedroom units, ensuring a solid demand from various renters. Additionally, with a Walk Score of 93, this property is a 'Walker's Paradise,' making daily errands achievable without a car. Tenants will enjoy the convenience of walking to nearby shops, restaurants, and entertainment options. This property presents a good investment opportunity with low maintenance costs and a reliable cash flow, with over 40% rental upside.

Exclusively Listed By

Financing By

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