About 1861 Midvale Avenue
1861 Midvale Ave is a well-located five-unit apartment building in the heart of West Los Angeles, just one block south of Santa Monica Blvd and one block west of Westwood Blvd. The property offers an ideal mix of one 1-bed/1-bath unit, three 2-bed/2-bath units, and one 3-bed/2.5-bath unit, supporting strong long-term renter demand. Two of the 2-bed units and the updated 1-bed unit are currently vacant, providing an immediate value-add opportunity to lease at premium market rents. The building has been well maintained, featuring a 2017 roof, completed soft-story retrofit, and four tuck-under parking spaces plus additional driveway parking for at least five cars total. Seller has a recent $28K quote (including permits) for replacement of all electrical panels. With a Walk Score of 90, this location is a "Walker's Paradise," offering easy access to nearby shops, restaurants, grocery stores, and entertainment. With stable in-place income, low maintenance requirements, and approximately 19% remaining rental upside, 1861 Midvale Ave presents a compelling investment opportunity in one of West LA's most consistent multifamily submarkets.
