Listed by Woody Stahl•DRE #01399621• Lyon Stahl Investment Real Est
Listed by Steven Gelber•DRE #00872302• Westside Realty Partners
Contact: broker@lyonstahl.com
For sale
$4,200,000
Est. $28,849/mo —
22
bd
•
— ba
•
13,210
sq ft
3750 Midvale Ave, Los Angeles, CA 90034
About this home
This family-owned and operated multifamily property presents an attractive long-term ownership opportunity, having been held by the same ownership group for the past 37 years. Located in a desirable pocket of Palms, the property offers new ownership a strong value-add opportunity, with approximately 51% remaining rental upside that can be captured through interior renovations and the repositioning of existing units. The property benefits from a highly desirable location providing residents with convenient access to employment centers, retail, dining, and entertainment throughout Palms, Culver City, Mar Vista, and surrounding Westside markets. The property’s location and strong rental demand provide a solid foundation for both immediate income growth and long-term appreciation. New ownership may also have the potential to convert existing carports into attached Accessory Dwelling Units (ADUs) under California’s favorable ADU regulations, providing an additional avenue for future value creation. Buyer to independently verify the feasibility, permitting requirements, and applicability of any ADU conversion. Ideally situated near major transportation corridors, the property is located just minutes from the 10 and 405 Freeways, providing residents with convenient access throughout Los Angeles and to major employment centers across the Westside and greater Los Angeles area. The combination of long-term ownership history, significant rental upside, potential ADU upside, and a highly accessible Palms location makes this an attractive opportunity for investors seeking a well-located value-add multifamily asset.
Midway Park, located between Mid-City and West Adams, is a residential and commercial Los Angeles neighborhood with low-slung apartment courts and a steady stream of traffic along major boulevards. The neighborhood’s character concentrates around the Crenshaw Blvd and Washington Blvd crossroads, where taquerias, barbershops, corner markets, and small storefronts set a practical, street-level rhythm. Housing reads as a mix of mid-century duplexes, stucco fourplexes, and newer infill, with narrow driveways and pocket courtyards. The Baldwin Hills Scenic Overlook and Kenneth Hahn State Recreation Area frame the area with trails and open views. The Expo Line at La Cienega/Jefferson Station links the neighborhood to job centers and museums. Local staples like Alta Adams, Mizlala West Adams, and the Kirk Douglas Theatre in nearby Culver City help define the dining-and-arts orbit.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Entry on level 1
Bedrooms
Contains one-bedroom and two-bedroom units (unit mix described under Multi-Unit info)
Laundry & utility
On-site laundry area
Exterior features
Private pool
Neighborhood amenities include biking routes and sidewalks
Home design
Attached property
Two-story building
Construction
Building constructed (year per assessor)
One building on the parcel
2+ common walls
Utilities
Public sewer
District/public water
16 separate gas meters
16 separate electric meters
1 separate water meter
Financial info
Total of 16 residential units
Building area total 13,210
Gross scheduled income of $327,763
Gross operating income of $317,930
Gross income of $327,763
Net operating income of $179,074
Operating expenses $138,856
Maintenance expense $13,111
Insurance expense $19,815
New taxes listed $489,870
Laundry income $125
Vacancy allowance rate 3% (allowance $9,833)
Operating expense percent 4%
Other
Subject to rent control
Electricity and solar
View estimated energy costs and solar savings for this home
Replace the roof with a class A or B material over new solid sheathing. Apply a certified cool roof product as required by local fire hazard and energy efficiency regulations.
Roofing
Aug 1, 2018 • Active
Electrical
Replace exterior light fixtures.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
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