3750 Midvale Ave - Apartments FOR SALE


Los Angeles, CA 90034- Palms
$4,200,000 USD
310-710-3829
3750 Midvale Ave, Los Angeles, CA for Sale
$4,200,000 USD
Apartments - FOR SALE
1/21
null | 4.26% Cap Rate

3750 Midvale Ave
Los Angeles, CA 90034
Palms


HIGHLIGHTS

  • Long Term Ownership, Family Owned & Operated for the Last 37 Years
  • Strong Value Add Opportunity; There is 51% Remaining Rental Upside that can be Captured Through Interior Renovations
  • Property is Located in a Desirable Pocket of Palms. With a Walk Score of 88 ‘Very Walkable
  • Residents Enjoy Convenient Access to Employment Centers, Retail, and Entertainment From Palms, Culver City, Mar Vista & Surrounding Markets
  • Potential Attached ADU Opportunity, New Ownership has Potential to Convert Car Ports Through the State’s Favorable Attached ADU Program
  • Excellent Freeway Access Located Minutes from the 10 & 405 Freeways, Allowing Tenants Easy Access Throughout the City

OVERVIEW

This family-owned and operated multifamily property presents an attractive long-term ownership opportunity, having been held by the same ownership group for the past 37 years. Located in a desirable pocket of Palms, the property offers new ownership a strong value-add opportunity, with approximately 51% remaining rental upside that can be captured through interior renovations and the repositioning of existing units. The property benefits from a highly desirable location with a Walk Score of 88, classified as “Very Walkable,” providing residents with convenient access to employment centers, retail, dining, and entertainment throughout Palms, Culver City, Mar Vista, and surrounding Westside markets. The property’s location and strong rental demand provide a solid foundation for both immediate income growth and long-term appreciation. New ownership may also have the potential to convert existing carports into attached Accessory Dwelling Units (ADUs) under California’s favorable ADU regulations, providing an additional avenue for future value creation. Buyer to independently verify the feasibility, permitting requirements, and applicability of any ADU conversion. Ideally situated near major transportation corridors, the property is located just minutes from the 10 and 405 Freeways, providing residents with convenient access throughout Los Angeles and to major employment centers across the Westside and greater Los Angeles area. The combination of long-term ownership history, significant rental upside, potential ADU upside, and a highly accessible Palms location makes this an attractive opportunity for investors seeking a well-located value-add multifamily asset.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$304 USD /SF

# OF UNITS

16

PRICE/UNIT

$262,500

CAP RATE

4.26%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

15,987 SF

ZONING

LAR3

APN/PARCEL ID

4252-026-012

ASK ABOUT THIS PROPERTY

Woody StahlLyon Stahl Investment Real Estate, Inc.More Info
310-710-3829

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Woody StahlLyon Stahl Investment Real Estate, Inc.More Info
310-710-3829

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.