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PENDING

3630 Midvale Avenue, Los Angeles, CA 90034$6,999,000

3
beds
3
baths
13790
ft2
· 15998
ft2 lot
$508 / ft2

Listing provided courtesy of DANIEL CORCORAN, Corcoran Group of California Inc.
Source CRMLS;
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BACK ON THE MARKET - Price Reduced $650,000. Seller Motivated. Well maintained, 20 units located in the prime - and high-rental demand - Palms area of the Westside. Six 2-bedroom, 1.5-bath units; thirteen 1-bedroom 1-bath and one studio on a large 16,000 square foot lot. 11 vacancies awaiting upgrade and higher rents. Great commuter location. 26 parking places, security gate and on-site laundry. This property is also offered as part of five building portfolio (see attached Offering Memorandum). Shown on accepted offers only. Please do not disturb the tenants or seller. Subject to cancellation of pending escrow.

HOA

$—/month

On market

9 months

Year built

1963

Property type

Multi-Family

Parking

MLS

EV21079429

Price / Sq.Ft.

$508 / ft2

Status

Pending

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Home details for 3630 Midvale Avenue

Interior Features & Layout
Appliances
•   
Laundry Details: Common Area
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 13790.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 0.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: LAR3
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Public Records
Lot Info
•   
Lot Features: Lot 10000-19999 Sqft
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.3673
•   
Lot Size Area: 15998.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 20
Property Features
•   
Common Walls: 2+ Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 21
•   
Number Of Separate Gas Meters: 21
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Assesments Information
•   
Assessments: Unknown
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 462440.00
•   
Water Sewer Expense: 0.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 4097.00
•   
New Taxes Expense: 43464.00
•   
Insurance Expense: 8778.00
•   
Vacancy Allowance: 14302
•   
Professional Management Expense: 0.00
•   
Total Expenses: 94795.00
•   
Gross Scheduled Income: 476742.00
•   
Operating Expense: 94795.00
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 476742.00
•   
Tax Year: 2021
•   
Taxes: 44829.2
Lease Info
•   
Net Operating Income: 367644.00
Listing Info
•   
Status: Pending
Other
•   
Electric Expense: 16291.00
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 2331.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 6
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 103668.00
Unit 3 Information
•   
Unit 3 Actual Rent: 0.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 0.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 13
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1857.00
•   
Unit 1 Total Rent: 98952.00
Multi Unit Information
•   
# Of Units: 3
School Neighborhood & Directions
Location
•   
Community Features: Sidewalks
School Info
•   
Directions: 405 to Venice Blvd, to Midvale
Virtual Tour Link
Virtual Tour
•   
Virtual Tour Url Unbranded
Other
Calculation
•   
Dom: 114
•   
Cdom: 327

Neighborhood snapshot

31
Properties for sale
14
Median days on market
$721.25
Median sold price/sqft
100.00%
Sold/List %
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Property History for 3630 Midvale Avenue

12/30/2021
12/30/2021
CRMLS #EV21079429
pending
CRMLS #EV21079429
$6,999,000
10/20/2021
10/20/2021
CRMLS #EV21079429
active
CRMLS #EV21079429
$6,999,000
05/28/2021
05/28/2021
CRMLS #EV21079429
pending
CRMLS #EV21079429
$6,999,000
04/15/2021
04/15/2021
CRMLS #EV21079429
active
CRMLS #EV21079429
$6,999,000
+138.06%
08/31/2006
08/31/2006
Public Record
sold
Public Record
$2,940,000
--41.20%
See more property history

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