$3.60M
461 Midvale Ave, Los Angeles
Sale Price
$3.60M
Units
6
Price/Unit
$600,000
Cap Rate
3.75%
Type
Apartment Building
Closed
March 2021
6 Units | Westwood Village | All Cash | Quick Close
The LAAA Team of Marcus & Millichap is proud to announce the successful sale of 461 Midvale Avenue located in Los Angeles, California, just one short block from UCLA campus.
This impressive sale, which is now near the top for the all-time record for sold price/unit and price/sq.ft. in Westwood Village, was sold above list price to an all-cash buyer who closed in 30 days. Furthermore, party due to the fact that the building had mostly UCLA student tenants, there was over $400k of deferred maintenance according to the Buyer's inspector. Even with this condition of the building, we were able to safely navigate this escrow to a smooth close with the Buyer being responsible for all repairs and upgrades to the property after close.
To learn more about this sale, please give us a call or email today!
Closing