Los Angeles, CA 90024,651 MIDVALE AVE

$8,125,000

Est.Price: ?

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Est. payment /mo

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

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California Regional MLS (CRMLS)
Listed by Jonathan Taksa • Remax Commercial and Investmen
Bought with Jonathan Taksa • Remax Commercial and Investmen
agent-avatar

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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