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3720 Midvale Ave, Los Angeles, CA 90034

List Price: $2,840,000On Market FlagOn market
Aug 19, 20247,229 sqft13 beds9 baths
Listed by: Sean Rosenzweig
License #: 01406343
Phone #: 213-943-1897
Marcus & Millichap
Source:
CRMLS Logo
MLS #: 24429437

Property Description

Do Not Walk the Property or Disrupt Tenants. Contact Listing Team for Property Showing Instructions. We are pleased to offer for sale 3720 Midvale Avenue, a nine-unit apartment community in Palms, an affluent residential neighborhood bordering Culver City. The subject property is located West of Overland Avenue & South of Palms Boulevard, ideally located a few blocks away from the I-10 Freeway and half a block North of Venice Boulevard allowing tenants convenient access throughout Los Angeles. Nestled between Beverly Hills, Century City, Marina Del Rey, Santa Monica and Venice, 3720 Midvale Avenue provides residents with easy access to major thoroughfares and the charm of Palms' vibrant neighborhood. The area captures the essence of urban living providing tenants access to West LA, Downtown Culver City and strong employment opportunities as many of the largest tech companies including Google, Apple, Tesla and Amazon have leased space nearby. Situated on a 7,991 square foot lot, the property is comprised of five one-bedroom units and four two-bedroom townhome units. Current ownership has extensively renovated the property including a new roof & select units have been upgraded with new water heaters, new electrical systems, luxury flooring, stainless steel appliances, large private patios, in-unit washer/dryers, & more. Townhome units feature private yards that attract more demand and garner higher rents. 3720 Midvale Avenue provides investors with a rare opportunity to acquire a well-maintained asset with remaining value-add components in a desirable pocket of West Los Angeles.* Please refer to the Unit Configuration Summary on page 15 of the Offering Memorandum for further details.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$40,767

TurboHome Estimated Value

$2,778,900

$384 sqft

High Valuation
$2,917,845
$404/sqft
Normal Valuation
$2,778,900
$384/sqft
Low Valuation
$2,639,955
$365/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$384/sqft$2,778,900

Neighborhood: Palms

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Comparative Value

$2.25M

$2.84M

3754 Vinton Ave, Los Angeles, CA 90034

Sale Price: $2,250,000

Selected Comparable

3720 Midvale Ave, Los Angeles, CA 90034

List Price: $2,840,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
3720 Midvale Ave, Los Angeles, CA 90034

3720 Midvale Ave, Los Angeles, CA 90034

List: $2,840,000

Listed: 8/19/2024

Area:7,229 sqft
Price/sqft:$393
Beds:13
Baths:9
Year Built:
Lot Size:7,991

Comparable Properties

COMPARABLE
Choose comps
3754 Vinton Ave, Los Angeles, CA 90034

3754 Vinton Ave, Los Angeles, CA 90034

Sale: $2,250,000

9/6/20240.55 mi

Area:6,570 sqft
Price/sqft:$342
Beds:12
Baths:9
Year Built:
Weight:100.0%

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