Description
4.75% CAP rate on in Placed Rents & Under 14x GRM! 3658 Midvale Avenue is two-story apartment building located in the Palms neighborhood of LA, steps from Downtown Culver City. The property consists of an excellent unit mix of majority large 2-and 3-Bedroom units with 2 units delivered vacant. The property is completely remodeled with new copper plumbing, new roof, resurfaced driveway, and interior units with new windows, flooring, kitchens, and bathrooms. The property consists of 11 parking spaces, and the seller has completed the Soft Story Retrofit. The building is separately metered for gas & electric, and offers tenants on-site laundry service. The property is steps from all the major shops, theaters, restaurants, and bars in Culver City. This is a great opportunity to own a high CAP rate investment in a prime westside neighborhood.
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15BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
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6,350SQFT
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$421$/SQFT
School Ratings & Info
Description
4.75% CAP rate on in Placed Rents & Under 14x GRM! 3658 Midvale Avenue is two-story apartment building located in the Palms neighborhood of LA, steps from Downtown Culver City. The property consists of an excellent unit mix of majority large 2-and 3-Bedroom units with 2 units delivered vacant. The property is completely remodeled with new copper plumbing, new roof, resurfaced driveway, and interior units with new windows, flooring, kitchens, and bathrooms. The property consists of 11 parking spaces, and the seller has completed the Soft Story Retrofit. The building is separately metered for gas & electric, and offers tenants on-site laundry service. The property is steps from all the major shops, theaters, restaurants, and bars in Culver City. This is a great opportunity to own a high CAP rate investment in a prime westside neighborhood.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-04T23:42:27.877. 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.