NOT LISTED FOR SALE

618 Midvale Ave Los Angeles, CA 90024

Westwood Neighborhood
-- Bed
-- Bath
6,857 Sq Ft
8,833 Sq Ft Lot

Last Sold August 31, 2018

Last sale price $3,700,000 $540 Per Sq Ft

59 Days on Market

About This Home

As of August 2018

BACK ON MARKET! BUYER DID NOT PERFORM. 618 Midvale is an 8-unit gem that has been family owned since it was built in 1950. Exceptionally well maintained, it will be delivered with 5 units vacant. 618 Midvale is a short 8-minute walk to UCLA yet it lies on a quiet tree-lined stretch with ample parking and a neighborhood feel. Truly a rare combination. With 5 units delivered vacant at the close of escrow, the new owner will be able to immediately renovate 62% of the units and achieve maximum rents which can rival those in Beverly Hills. The lot is oversized at 8,832 square feet and is zoned [Q]R4-1VL. The property's Certificate Of Occupancy states 7 legal units, however the building is currently operated as 8 units and has been operated as 8 or 9 units continuously for over 50 years. This is the result of (2) 2-bed/2-bath "flexible" units which have internal doors allowing those units to be operated as a 1-bed/1-bath and a bachelor unit without the need for any building modifications.

Last Agent to Sell the Property

Rob Renshaw

REMAX COMMERCIAL & INVESTMENT REALTY License #01332831 Listed on: 05/29/2018

REMAX COMMERCIAL & INVESTMENT REALTY

Co-Listed By

Jonathan Taksa

Remax Commercial and Investment Realty License #01366169

Remax Commercial and Investment Realty

Last Buyer's Agent

Jonathan Taksa

Remax Commercial and Investment Realty License #01366169

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 8,833 Sq Ft Lot

Interior Spaces

  • 6,857 Sq Ft Home
  • 2-Story Property

Parking

  • 8 Parking Spaces
  • Covered Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 4363-015-005

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: BACK ON MARKET! BUYER DID NOT PERFORM. 618 Midvale is an 8-unit gem that has been family owned since it was built in 1950. Exceptionally well maintained, it will be delivered with 5 units vacant. 618 Midvale is a short 8-minute walk to UCLA yet it lies on a quiet tree-lined stretch with ample parking and a neighborhood feel. Truly a rare combination. With 5 units delivered vacant at the close of escrow, the new owner will be able to immediately renovate 62% of the units and achieve maximum rents which can rival those in Beverly Hills. The lot is oversized at 8,832 square feet and is zoned [Q]R4-1VL. The property's Certificate Of Occupancy states 7 legal units, however the building is currently operated as 8 units and has been operated as 8 or 9 units continuously for over 50 years. This is the result of (2) 2-bed/2-bath "flexible" units which have internal doors allowing those units to be operated as a 1-bed/1-bath and a bachelor unit without the need for any building modifications.
  • Living Area: 6857
  • Stories: 2
  • Year Built: 1950
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Price Per S Q F T: 582.62

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 8

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 4363-015-005
  • Geocode Override: No
  • Lot Size Area: 8833

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 18.46
  • Number Of Units: 8
  • Total Annual Expense: 77407
  • Type Of Units: Residential
  • Vacancy Rate: 62

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2018 08/31/18 Sold $3,700,000 -7.4% $540 / Sq Ft
07/27/2018 07/27/18 Pending -- -- --
07/05/2018 07/05/18 For Sale $3,995,000 +8.0% $583 / Sq Ft
07/03/2018 07/03/18 Off Market $3,700,000 -- --
05/29/2018 05/29/18 For Sale $3,995,000 -- $583 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rob Renshaw

    Seller's Agent in 2018

    Rob Renshaw

    RE/MAX

    (424) 293-4770

    1 in this area

    28 Total Sales

    Section Image
  • Jonathan Taksa

    Seller Co-Listing Agent in 2018

    Jonathan Taksa

    RE/MAX

    (424) 672-8220

    3 in this area

    74 Total Sales

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 18-348826

The MLS

California Los Angeles County Los Angeles 90024 Westwood

618 Midvale Ave, Los Angeles, CA

This home is located at 618 Midvale Ave, Los Angeles, CA 90024 since 29 May 2018. This property was built in 1950. 618 Midvale Ave is a home located in Los Angeles County with nearby schools including Warner Avenue Elementary, Community Magnet Charter Elementary, and Ralph Waldo Emerson Community Charter Middle School.

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