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3715 Midvale Avenue
Los Angeles, CA 90034


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Property Remarks

Well maintained 7 unit apartment complex in Palms neighborhood. Non-rent controlled building built in 1988 with potential to instantly increase rents. Six tenants are currently month-to-month. The building is 8,128 square feet making it the largest 7 unit to come on the market in this neighborhood in a long time. All units are 2Bed+2Bath with potential to convert each unit into a 3Bed+2Bath. All units are townhome style and have the same floor plan. Individual water heater and central HVAC system in each unit. 14 underground tandem parking spaces. Community washer and dryers on site. Walking distance from schools, shops, restaurants, and near Downtown Culver. Strong rental market.

Property Details

MLS#
17274822
Days on Market
53
Year Built
1988
Stories
2
Building/Living Area (sq ft)
8,128
Source of SqFt
Vendor Enhanced
Source of Lot Size
Vendor Enhanced

Location

State
CA
County
Los Angeles
Area
Palms - Mar Vista (C13)

Presented By:

Listing provided courtesy of Connor Stark , Vault Brokerage


Exterior

Lot Acreage
0
Paved
No
Waterfront
No

Pool
No Pool
Security
Gated Community

Interior

Bedroom Features
All Bedrooms Up
Interior Features
Other
Cooking Appliances
Built-Ins
Microwave
Range
Equip/Appliances
Dishwasher
Dryer
Garbage Disposal
Refrigerator
Washer
Flooring
Carpet
Laundry
Laundry Area

Additional Property Details

Number of Units
7
Parking Spaces
14
Number of Buildings
1
Gross Operating Income
$144,960
Total Expense
$78,821
ADA Compliance
No

Lot Description
Landscaped
Community Features
Community Mailbox
AC/Cooling
Central A/C
Ceiling Fan(S)
Heating
Central Furnace
Parking
Gated Underground Parking
Other Structural Features
Balcony

Palms-Mar Vista

Tucked between Venice, Palms, Culver City, and Santa Monica, Mar Vista has attracted attention in recent years as a close-knit community with easy access to everything the Westside has to offer. From the beaches of Santa Monica and Venice to the shops of Beverly Hills, it’s all accessible from here.

Mar Vista is well loved by locals for its quiet charm. Recently the Silicon Beach movement has brought increased attention to the area.

Real Estate: Mar Vista is a mix of Spanish style architecture, colorful, apartment complexes, and low-rise commercial buildings. Homes for sale in Mar Vista reflect a wide variety of eras and styles. The Westdale neighborhood, once citrus orchards and bean fields, was developed in the 1940s with single tract homes built by developer Paul W.Trousdale for returning World War II veterans. Other local neighborhoods include Westside Village, North Westdale, and Hilltop.

 In 2003, the Gregory Ain-designed Mar Vista Tract became the first post-World War II Modern historic district in the city of Los Angeles to be dedicated as a Historic Preservation Overlay Zone. The area consists of 52 parcels designed by architect Gregory Ain in the Modern style. These homes are highly prized by locals and visitors alike.

Community Life: Mar Vista is very much a small town in the big city, reflecting its past while looking toward the future. The Mar Vista Community Council is highly engaged in the city and the planning for its future with an eye toward preserving its unique character. The council is behind several annual events including the Mar Vista Green Garden Showcase that highlights different green gardens on Earth Day each year and the Fall Festival.

The Mar Vista Farmers’ Market is held on Sundays and includes farmers, food vendors, craftspeople and more. The Mar Vista Recreation Center is notable not just for having soccer fields, basketball courts, and a pool, but for also having a roller hockey rink that hosts league play.

Education: Mar Vista is served by the Los Angeles Unified School District and includes Mar Vista Elementary School, Walgrove Avenue Elementary School and Beethoven Street Elementary School. Other local schools include the Mark Twain Middle School and Venice Senior High School. Private options include Wildwood School which offers both elementary and upper level education and Windward School, a college preparatory school for grades 7 through 12.

Transportation: Mar Vista can be reached by the 405 and 10 Freeways as well as Pacific Coast Highway and is served by several local bus routes. Mar Vista’s small size makes it highly walkable and it is bike friendly. Venice Boulevard in Mar Vista has been selected as part of the Great Streets program in order to help make this street, lined with coffee shops, boutiques, and other businesses, even more friendly for pedestrians and bicyclists. Local Attractions: Mar Vista’s primary pleasures are quiet ones. Stop by the local bowling alley, check out a local shop, and enjoy Westside living with a laidback vibe.

Community Explorer

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