$8,125,000
For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 08/31/2016
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 16151886
Sold Date 08/31/16
HOA Y/N No
Year Built 1950
Property Description
Best priced property in Westwood! Approximatley 400k price reduction!! Truly unique and rare opportunity to acquire a pride of ownership gem in the heart of Westwood Village. 651 Midvale has been family owned since it was developed and has been meticulously well maintained over the years. The property was built in 1950, and the original charm and beauty is still reflected today. The property has historically low vacancies, as there is a constrained supply of quality student housing in the area; thus, there is significant rental upside allowing an investor to capitalize on very high Westwood rents. Just a short walk to the UCLA campus, the building boasts an attractive unit mix consisting of almost all 1 and 2 bedroom units with terrific floor plans. The units are very spacious, and since the property is located on a corner, the units offer an abundance of natural light.Truly one of the nicest properties ever to be available for sale in the Village.
Location
State CA
County Los Angeles
Area C05 - Westwood - Century City
Zoning LAR4
Interior
Fireplace No
Laundry See Remarks
Exterior
Parking Features Attached Carport, Detached Carport
Total Parking Spaces 23
Building
Story 2
Others
Tax ID 4363014011
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

Bought with Jonathan Taksa • Remax Commercial and Investmen