3720 Midvale AveLos Angeles, CA 90034

Property Details for 3720 Midvale Ave

Year built

1964

Construction

WOOD

Lot size

0.18 AC

Property size (Sq ft)

7,229 SF

Zone code

LAR3

Property type

Apartment buildings

APN

4252-026-004

APU

4252026004

Description

This 9-unit apartment building in Los Angeles, CA (90034), offers a compelling investment opportunity. Located in a desirable West Los Angeles neighborhood bordering Palms and Culver City, this property boasts a strong in-place income exceeding $20,000 monthly. The 7,229 square foot building, constructed in 1964, sits on a 7,991 square foot lot and features a mix of one and two-bedroom units, with four units offering townhome-style layouts and private yards. Recent capital improvements include a new roof (2021) and renovations to select units, featuring upgraded electrical systems, luxury flooring, stainless steel appliances, private patios, and in-unit washer/dryers. The property's current NOI is $167,457, with a pro-forma NOI of $221,978, representing a 22% rental upside potential. Its convenient location offers easy access to major employment centers, retail, and entertainment in nearby Culver City, Century City, and Santa Monica. The property is zoned LAR3 and has a Walk Score of 81. This well-maintained asset presents a rare opportunity for value-add potential in a highly sought-after West Los Angeles location. Asking price is $3,050,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,070,941

  6.5%

  $1,911,638

  7%

  $1,775,093

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,130,733

  Geo Method

  $2,130,733

• Alternative Use

  Use

  Valuation

  Residential

  $1,911,638

  Hospitality

  $1,751,050

  Educational

  $1,456,853

  Medical

  $1,506,957

  Retail

  $2,266,216

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0183

Longitude

-118.412

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].