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1383 Midvale Ave, Los Angeles, CA 90024
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1383 Midvale Ave Los Angeles, CA 90024

$3,650,000 Sold Price as of 03/26/2019
  • 8 Beds
  • 10 Baths
  • 4,546 Sq.Ft.
Sold
$3,650,000 Sold Price as of 03/26/2019 Refinance Your Mortgage
Map preview of 1383 Midvale Ave, Los Angeles, CA 90024

Property Overview: 1383 Midvale Ave Los Angeles, CA has 8 bedrooms, 10 bathrooms, 4,546 living square feet and 7,742 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Rick Pranada | BRE #01407875 | Reily Realty and Management
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 309

Home details

Lot Sq. Ft
7,742
HOA Dues
$0/mo
Year built
1941
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
SB18035814
City
Los Angeles
County
Los Angeles
Time on Site
1267 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,495
  • Total Rent: $4,990
  • Pro Forma/Market Rent: $2,795
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $5,980
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,375
  • Total Rent: $2,750
  • Pro Forma/Market Rent: $1,495
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $181,080
  • Net Operating Income: $149,504
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Laundry Income: $252
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $26,383
  • Electric: $548
  • Licenses: $1,562
  • New Taxes: $7,000
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $4,449
  • Maintenance: $3,815
  • Professional Management: $9,000
  • Water/Sewer: $2,400
  • Other Expenses: $377
  • Other Expense Description: Gas

Property Details for 1383 Midvale Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 10
Lot Information
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 4324008010
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: Close to corner of Wilkins
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1383 Midvale Ave

Last sold for $3,650,000 on March 26th, 2019

  • May, 2021

  • May 15, 2021

    Date

    Canceled

    CRMLS: 21720042

    $2,195

    Price

  • Apr 16, 2021

    Date

    Active

    CRMLS: 21720042

    $2,195

    Price

  • Listing provided courtesy of CRMLS

    This two bedrooms apartment is in prime location in heart of Westwood close to UCLA and Westwood village, bars, restaurants, theater, shops and supermarkets like Sprouts, Bristol Farm. Small pets Ok. On-site Laundry. Street Parking.

  • March, 2019

  • Mar 26, 2019

    Date

    Sold

    CRMLS: SB18035814

    $3,650,000

    Price

  • Mar 23, 2019

    Date

    Pending

    CRMLS: SB18035814

    $3,995,000

    Price

  • Dec 28, 2018

    Date

    Active Under Contract

    CRMLS: SB18035814

    $3,995,000

    Price

  • Aug 13, 2018

    Date

    Price Change

    CRMLS: SB18035814

    $3,995,000

    Price

  • Jul 28, 2018

    Date

    Price Change

    CRMLS: SB18035814

    $4,199,000

    Price

  • Jul 15, 2018

    Date

    Price Change

    CRMLS: SB18035814

    $4,299,000

    Price

  • Jul 1, 2018

    Date

    Price Change

    CRMLS: SB18035814

    $4,499,000

    Price

  • May 18, 2018

    Date

    Price Change

    CRMLS: SB18035814

    $4,999,999

    Price

  • May 18, 2018

    Date

    Price Change

    CRMLS: SB18035814

    $5,000,000

    Price

  • Apr 18, 2018

    Date

    Price Change

    CRMLS: SB18035814

    $5,999,888

    Price

  • Mar 26, 2018

    Date

    Price Change

    CRMLS: SB18035814

    $6,000,000

    Price

  • Feb 15, 2018

    Date

    Active

    CRMLS: SB18035814

    $8,000,000

    Price

  • March, 2019

  • Mar 26, 2019

    Date

    Sold (Public Records)

    Public Records

    $3,650,000

    Price

  • November, 2016

  • Nov 10, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1383 Midvale Ave

Assessed Value (2020): $3,724,000
Year Land Value Improved Value Assessed Value
2020 $2,601,000 $1,123,000 $3,724,000

Home Value Compared to the Market

This property vs the competition

1383 Midvale Ave sold on March 26, 2019 for 213.58% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $878.79 per/sqft which puts the price per square foot 11.1% higher than the current median sale per square foot for the city of Los Angeles.

About 1383 Midvale Ave

Detailed summary of property

1383 Midvale Ave is a multi family that recently sold in Los Angeles, CA 90024. This multi family property offered 8 bedrooms, 10 bathrooms, roughly 4,546 living square feet, and sits on an approximately 7,742 square foot lot. 1383 Midvale Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,650,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 213.58% higher than the current median priced home. Local homes that are currently for sale include 3758 Inglewood Blvd, 1437 Cardiff Ave and 3630 Beethoven St. While the average home in Los Angeles, CA is selling in 100 days, 1383 Midvale Ave has a days on market of 309 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 1383 Midvale Ave Los Angeles, CA 90024 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1383 Midvale Ave

Public county record property details
Beds
--
Baths
--
Year built
1941
Sq. Ft.
4,546
Lot Size
7,741
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
4324-008-010

The source for these homes facts are from public records.

90024 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,395,000
Median List Price/Sq.Ft.
$825
Median Sold Price
$1,325,000
Median Sold Price/Sq.Ft.
$793
Total Inventory
175
Median Sale to List Price %
98.22%
Avg Days on Market
46
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (24%), Other (8%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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