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.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
