3720 Midvale Ave, Los Angeles, CA 90034
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3720 Midvale Ave Los Angeles, CA 90034

$3,050,000
  • 13 Beds
  • 9 Baths
  • 7,229 Sq.Ft.
For Sale
$3,050,000 Get Pre-Qualified

Map preview of 3720 Midvale Ave, Los Angeles, CA 90034

Property Overview: 3720 Midvale Ave Los Angeles, CA has 13 bedrooms, 9 bathrooms, 7,229 living square feet and 7,991 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Do Not Walk the Property or Disrupt Tenants. Contact Listing Team for Property Showing Instructions. We are pleased to offer for sale 3720 Midvale Avenue, a nine-unit apartment community in Palms, an affluent residential neighborhood bordering Culver City. The subject property is located West of Overland Avenue & South of Palms Boulevard, ideally located a few blocks away from the I-10 Freeway and half a block North of Venice Boulevard allowing tenants convenient access throughout Los Angeles. Nestled between Beverly Hills, Century City, Marina Del Rey, Santa Monica and Venice, 3720 Midvale Avenue provides residents with easy access to major thoroughfares and the charm of Palms' vibrant neighborhood. The area captures the essence of urban living providing tenants access to West LA, Downtown Culver City and strong employment opportunities as many of the largest tech companies including Google, Apple, Tesla and Amazon have leased space nearby. Situated on a 7,991 square foot lot, the property is comprised of five one-bedroom units and four two-bedroom townhome units. Current ownership has extensively renovated the property including a new roof & select units have been upgraded with new water heaters, new electrical systems, luxury flooring, stainless steel appliances, large private patios, in-unit washer/dryers, & more. Townhome units feature private yards that attract more demand and garner higher rents. 3720 Midvale Avenue provides investors with a rare opportunity to acquire a well-maintained asset with remaining value-add components in a desirable pocket of West Los Angeles.* Please refer to the Unit Configuration Summary on page 15 of the Offering Memorandum for further details.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 9 minutes ago | Last updated: September 12th, 2024 | Source CRMLS | DOM: 31

Home details

Lot Sq. Ft
7,991
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24429437
City
Los Angeles
County
Los Angeles
Time on Site
31 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,199
  • Total Rent: $2,199
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,448
  • Total Rent: $2,448
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,122
  • Total Rent: $2,122
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,448
  • Total Rent: $2,448
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,351
  • Total Rent: $1,351
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,999
  • Total Rent: $1,999
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $1,895
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,504
  • Total Rent: $2,504
  • Pro Forma/Market Rent: $2,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.49%
  • Gross Rent Multiplier: 12.6
  • Gross Scheduled Income: --
  • Net Operating Income: $167,457
  • Gross Operating Income: $241,611
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3720 Midvale Ave

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 9
  • Parcel Number: 4252026004
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of Westwood Boulevard & North of Venice Boulevard
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Sale History for 3720 Midvale Ave

Last sold for $2,300,000 on August 28th, 2020
  • August, 2024

  • Aug 19, 2024

    Date

    Active

    CRMLS: 24429437

    $3,200,000

    Price

  • August, 2020

  • Aug 28, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,300,000

    Price

  • October, 2008

  • Oct 20, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 3720 Midvale Ave

Assessed Value (2020): $256,189
Year Land Value Improved Value Assessed Value
2020 $61,171 $195,018 $256,189

Home Value Compared to the Market

This property vs the competition

3720 Midvale Ave is listed 154.17% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $421.91 per/sqft which puts the price per square foot 45.06% lower than the median price per square foot for the city of Los Angeles.

About 3720 Midvale Ave

Detailed summary of property

3720 Midvale Ave is a multi family located in Los Angeles, CA 90034 and is currently for sale. This multi family property offers 13 bedrooms, 9 bathrooms, roughly 7,229 living square feet, and sits on an approximately 7,991 square foot lot. 3720 Midvale Ave was first listed on ArdentRealEstateGroup.com on August 19, 2024. The homeowner is currently asking $3,050,000 and was originally asking $3,200,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 154.17% higher than the median priced home. Local competing homes currently for sale include 12028 Venice Blvd, 3125 S Durango Ave and 10628 Ayres Ave. While the average home in Los Angeles, CA is selling in 106 days, 3720 Midvale Ave has a days on market of 31 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 3720 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 3720 Midvale Ave

Public county record property details
Beds
12
Baths
7
Year built
1964
Sq. Ft.
6,718
Lot Size
7,988
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
28
APN
4252-026-004

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
$1,695,000
Median List Price/Sq.Ft.
$898
Median Sold Price
$1,480,000
Median Sold Price/Sq.Ft.
$919
Total Inventory
70
Median Sale to List Price %
105.79%
Avg Days on Market
29
Loan Type
Conventional (12.5%), FHA (0%), VA (0%), Cash (12.5%), Other (12.5%)

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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.