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3630 Midvale Ave, Los Angeles, CA 90034
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3630 Midvale Ave Los Angeles, CA 90034

$7,000,000 Sold Price as of 06/16/2022
  • 25 Beds
  • 20 Baths
  • 13,790 Sq.Ft.
Sold
$7,000,000 Sold Price as of 06/16/2022 Refinance Your Mortgage
Map preview of 3630 Midvale Ave, Los Angeles, CA 90034

Property Overview: 3630 Midvale Ave Los Angeles, CA has 25 bedrooms, 20 bathrooms, 13,790 living square feet and 15,998 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: BACK ON THE MARKET after protracted escrow - 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. Vacaant units easy to show. Call lisitng broker for instructions. Please do not disturb the tenants or seller.

Listed by DANIEL CORCORAN | BRE #00451125 | Corcoran Group of California Inc.
Co-listed by KIM SUMAN | BRE #01437996 | Corcoran Group of California Inc.
Last checked: 3 minutes ago | Last updated: June 17th, 2022 | Source CRMLS | DOM: 184

Home details

Lot Sq. Ft
15,998
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
EV21079429
City
Los Angeles
County
Los Angeles
Time on Site
1096 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 2
  • # of Electric Meters: 21
  • # of Gas Meters: 21
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 13
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,867
  • Total Rent: $24,271
  • Pro Forma/Market Rent: $2,010
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,331
  • Total Rent: $13,986
  • Pro Forma/Market Rent: $2,675
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.7%
  • Gross Rent Multiplier: 14.63
  • Gross Scheduled Income: $478,314
  • Net Operating Income: $330,672
  • Gross Operating Income: $463,964
  • Vacancy Allowance: $14,349
Annual Expense Breakdown
  • Total Operating Expense: $133,293
  • Electric: $14,655
  • Gas/Fuel: $0
  • Licenses: $1,472
  • New Taxes: $85,000
  • Trash: $4,412
  • Gardener: $747
  • Insurance: $10,171
  • Maintenance: $15,228
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $980
  • Other Expense Description: Laundry

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 3630 Midvale Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 20
  • Parcel Number: 4252027032
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: 405 to Venice Blvd, to Midvale
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 3630 Midvale Ave

Last sold for $7,000,000 on June 16th, 2022

  • March, 2022

  • Mar 9, 2022

    Date

    Active

    CRMLS: EV21079429

    $6,999,000

    Price

  • May 31, 2021

    Date

    Pending

    CRMLS: EV21079429

    $6,999,000

    Price

  • Apr 15, 2021

    Date

    Active

    CRMLS: EV21079429

    $6,999,000

    Price

  • April, 2021

  • Apr 1, 2021

    Date

    Expired

    CRMLS: EV20177126

    $6,999,000

    Price

  • Feb 12, 2021

    Date

    Price Change

    CRMLS: EV20177126

    $6,999,000

    Price

  • Nov 29, 2020

    Date

    Price Change

    CRMLS: EV20177126

    $7,250,000

    Price

  • Oct 5, 2020

    Date

    Price Change

    CRMLS: EV20177126

    $7,650,000

    Price

  • Aug 30, 2020

    Date

    Active

    CRMLS: EV20177126

    $7,799,000

    Price

  • Listing provided courtesy of CRMLS

    Price Reduced $650,000. Seller want it sold. 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.

  • August, 2006

  • Aug 31, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2005

  • Mar 14, 2005

    Date

    Sold (Public Records)

    Public Records

    $5,000,000

    Price

Show More

Tax History for 3630 Midvale Ave

Assessed Value (2020): $3,604,683
Year Land Value Improved Value Assessed Value
2020 $1,837,599 $1,767,084 $3,604,683

Home Value Compared to the Market

This property vs the competition

3630 Midvale Ave sold on June 16, 2022 for 488.15% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $507.54 per/sqft which puts the price per square foot 32.78% lower than the current median sale per square foot for the city of Los Angeles.

About 3630 Midvale Ave

Detailed summary of property

3630 Midvale Ave is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 25 bedrooms, 20 bathrooms, roughly 13,790 living square feet, and sits on an approximately 15,998 square foot lot. 3630 Midvale Ave was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $7,000,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 488.15% higher than the current median priced home. Local homes that are currently for sale include 264 S Union Ave, 264 S Union Ave and 654 E 24th St. While the average home in Los Angeles, CA is selling in 93 days, 3630 Midvale Ave has a days on market of 184 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 3630 Midvale Ave Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3630 Midvale Ave

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
13,790
Lot Size
15,922
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
20,21
APN
4252-027-032

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,899,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
44
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

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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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