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Real Estate Listing at Properties from The Knight Group LA

Properties

The Knight Group LA

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$23,895,000
3 Days On Site

500 Midvale Avenue
Los Angeles, CA 90024

For Sale|Land|Active
County:
Los Angeles
Call Now: 503.200.4823
Is this the listing for you? We can help make it yours.
503.200.4823
500 Midvale Avenue500 Midvale Avenue500 Midvale Avenue500 Midvale Avenue
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Monthly Payment (Est.)

$109,019
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.

We are pleased to present a once-in-a-generation opportunity to acquire three contiguous apartment buildings totaling 23 units, situated on a MASSIVE 30,634 square foot corner lot nearly three-quarters of an acre in the heart of Westwood Village. Located at 500, 512, and 520 Midvale Avenue, this irreplaceable assemblage is zoned R4(q) and offers one of the most unique and high-impact student housing or multifamily development opportunities in all of West Los Angeles. The property is ideally suited for a transformative new project that leverages both scale and location to deliver high-demand housing in a severely supply-constrained submarket. Just steps from UCLA, the property benefits from proximity to one of the most prestigious and densely populated public universities in the world, with over 46,000 students and limited on-campus housing availability. The area remains chronically undersupplied, and student housing rents in this submarket are among the highest in the city on a price-per-square-foot basis.This asset is already generating nearly $1,000,000 in annual gross rental income, offering a developer meaningful in-place cashflow while working through entitlements or planning a future redevelopment. Multiple development pathways are available, including density-boosting programs under the City of Los Angeles' evolving housing incentive landscape. These may include the Citywide Housing Incentive Program (CHIP), Transit Oriented Communities(TOC) incentives, and other state-aligned density bonus tools designed to encourage the construction of new housing. Whether reimagined as a best-in-class student housing development or a market-rate or mixed-income multifamily asset, this offering represents a rare opportunity to create a legacy project in one of Los Angeles' most stable, desirable, and high-performing rental markets.

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Listing Snapshot
Price 
$23,895,000
Days On Site 
3 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.7033 Acres
Year Built 
N/A
MLS® Number 
25571855
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS®
3 days agoListing first seen on site
General Features
Acres 
0.7033
Special Circumstances 
Standard
Zoning 
LAR4
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Exterior Features
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None
Waterview 
None
Community Features
MLS Area 
C05 – Westwood – Century City
Listing courtesy of Jonathan Taksa of Remax Commercial and Investment Realty
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Based on information from the The MLS as of 2025-08-02 09:56 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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