651 MIDVALE Avenue

Los Angeles , CA 90024

MLS#: 16151886

$8,125,000

Status: Closed
Listing number: 16151886
Listing provided by: Remax Commercial and Investmen
Listing agent phone: None
Last update: 2 years ago
On site: 9 years ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1950

Sq.Footage

N/A

Best priced property in Westwood! Approximatley 400k price reduction!! Truly unique and rare opportunity to acquire a pride of ownership gem in the heart of Westwood Village. 651 Midvale has been family owned since it was developed and has been meticulously well maintained over the years. The property was built in 1950, and the original charm and beauty is still reflected today. The property has historically low vacancies, as there is a constrained supply of quality student housing in the area; thus, there is significant rental upside allowing an investor to capitalize on very high Westwood rents. Just a short walk to the UCLA campus, the building boasts an attractive unit mix consisting of almost all 1 and 2 bedroom units with terrific floor plans. The units are very spacious, and since the property is located on a corner, the units offer an abundance of natural light.Truly one of the nicest properties ever to be available for sale in the Village.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Attached Carport, Detached Carport

  • Pool

    No

Area & Lot

  • Property Type

    Residential Income

Price

  • Sales Price

    $8,125,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

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Listing Courtesy of Jonathan Taksa , Remax Commercial and Investmen

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Best priced property in Westwood! Approximatley 400k price reduction!! Truly unique and rare opportunity to acquire a pride of ownership gem in the heart of Westwood Village. 651 Midvale has been family owned since it was developed and has been meticulously well maintained over the years. The property was built in 1950, and the original charm and beauty is still reflected today. The property has historically low vacancies, as there is a constrained supply of quality student housing in the area; thus, there is significant rental upside allowing an investor to capitalize on very high Westwood rents. Just a short walk to the UCLA campus, the building boasts an attractive unit mix consisting of almost all 1 and 2 bedroom units with terrific floor plans. The units are very spacious, and since the property is located on a corner, the units offer an abundance of natural light.Truly one of the nicest properties ever to be available for sale in the Village.

651 MIDVALE Avenue

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