618 Midvale Ave, Los Angeles, CA 90024

BACK ON MARKET! BUYER DID NOT PERFORM. 618 Midvale is an 8-unit gem that has been family owned since it was built in 1950. Exceptionally well maintained, it will be delivered with 5 units vacant. 618 Midvale is a short 8-minute walk to UCLA yet it lies on a quiet tree-lined stretch with ample parking and a neighborhood feel. Truly a rare combination. With 5 units delivered vacant at the close of escrow, the new owner will be able to immediately renovate 62% of the units and achieve maximum rents which can rival those in Beverly Hills. The lot is oversized at 8,832 square feet and is zoned [Q]R4-1VL. The property's Certificate Of Occupancy states 7 legal units, however the building is currently operated as 8 units and has been operated as 8 or 9 units continuously for over 50 years. This is the result of (2) 2-bed/2-bath "flexible" units which have internal doors allowing those units to be operated as a 1-bed/1-bath and a bachelor unit without the need for any building modifications.