$2,300,000
$150K PRICE DROP

Estimated payment $15,137/month

Total Views 1,837
10 Beds
9 Baths
5,538 Sq Ft
$415 Price per Sq Ft

About This Home

Motivated Seller * - Located in the heart of West Los Angeles, adjacent to Westwood, 1861 Midvale is a well-maintained five-unit multifamily property that presents significant upside potential. Built in 1967,this charming building features a unit mix comprised of one 3-bedroom, 2.5-bathroom unit, three 2-bedroom, 2-bathroom units, and one 1-bedroom, 1-bathroom unit. With three units currently vacant, there is immediate value-add potential to enhance rental income. This asset presents an exceptional opportunity for long-term investors, featuring a secured entry, ample on-site parking, and an on-site laundry facility. Several units have been tastefully upgraded with hardwood flooring, stainless steel appliances, and granite countertops, making them highly attractive to tenants. The property is ideally situated just moments from renowned shopping, dining, and entertainment options, offering unparalleled access to the vibrant Westwood community and major employment centers. This asset provides a unique opportunity for investors looking to capitalize on the potential for rental improvements. With a desirable tenant base and the promise of future income growth, 1861 Midvale is a rare chance to acquire a prime, value-add asset in one of Los Angeles' most sought-after neighborhoods.

Listing Agent

Michael Monempour

Lyon Stahl Investment Real Estate, Inc. License #01996829

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Parking

  • Carport

Interior Spaces

  • 5,538 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 9 Bathrooms

Additional Features

  • 6,500 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 4323-006-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5538
  • Lot Acreage: 0.1492
  • Probate: No
  • Year Built: 1967
  • Number Of Photos: 38
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 10
  • Laundry Equipment: Own
  • Total Bathrooms: 9.00
  • Price Per S Q F T: 415.31

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 30.00
  • Assessed Improvement Value: 696348
  • Assessed Land Percent: 70
  • Assessed Land Value: 1624818
  • Total Assessed Value: 2321166
  • Assessor Parcel Number: 4323-006-021
  • Lot Size Area: 6500

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 12.41
  • Number Of Units: 5
  • Total Annual Expense: 68369
  • Type Of Units: 3, 2's & 1
  • Vacancy Rate: 60%

Map

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
04/23/2025 04/23/25 Price Changed $2,300,000 -6.1% $415 / Sq Ft
03/27/2025 03/27/25 For Sale $2,450,000 -- $442 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25517577

The MLS