500 Midvale Avenue, Los Angeles, CA 90024
Local realty services provided by:ERA Excel Realty



500 Midvale Avenue,Los Angeles, CA 90024
$23,895,000
- 0.7 Acres
- Lots / Land
- Active
Listed by:jonathan taksa
Office:remax commercial and investment realty
MLS#:25571855
Source:CRMLS
Price summary
- Price:$23,895,000
About this home
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.
Contact an agent
Home facts
- Listing Id #:25571855
- Added:18 day(s) ago
- Updated:August 18, 2025 at 10:26 AM
Structure and exterior
- Lot area:0.7 Acres
Finances and disclosures
- Price:$23,895,000
New listings near 500 Midvale Avenue
- New$1,195,000Active4 beds 3 baths1,785 sq. ft.
3917 Dwiggins Street, Los Angeles, CA 90063
MLS# 25578929Listed by: I&J PROPERTIES - Open Tue, 11am to 1pmNew$2,099,000Active4 beds 3 baths1,850 sq. ft.
12469 Greene Avenue, Los Angeles, CA 90066
MLS# 25579523Listed by: REAL BROKER - New$924,777Active2 beds 2 baths1,039 sq. ft.
2345 Roscomare Road #205, Los Angeles, CA 90077
MLS# 25579763Listed by: COLDWELL BANKER REALTY - New$2,595,000Active7 beds 7 baths4,171 sq. ft.
3757 Los Feliz Boulevard, Los Angeles, CA 90027
MLS# 25575457Listed by: BRUCE JAY ASSOCIATES - New$639,000Active1 beds 1 baths728 sq. ft.
969 Hilgard Avenue #706, Los Angeles, CA 90024
MLS# WS25185522Listed by: PINNACLE REAL ESTATE GROUP - Open Tue, 11am to 2pmNew$3,149,000Active3 beds 3 baths2,611 sq. ft.
10452 Lindbrook Drive, Los Angeles, CA 90024
MLS# GD25185397Listed by: G&C PROPERTIES - New$385,000Active3 beds 2 baths1,577 sq. ft.
15455 Glenoaks Boulevard #46, Sylmar, CA 91342
MLS# V1-31817Listed by: MY REALTY COMPANY, INC. - New$2,300,000Active3 beds 3 baths1,668 sq. ft.
1901 S Point View Street, Los Angeles, CA 90034
MLS# 25579699Listed by: LA LUXURIES - New$1,500,000Active3 beds 1 baths1,582 sq. ft.
8301 Rayford Drive, Los Angeles, CA 90045
MLS# 25579681Listed by: GLENN ROSTEN - New$1,295,000Active2 beds 2 baths1,533 sq. ft.
13650 Marina Pointe Drive #1106, Marina Del Rey, CA 90292
MLS# 25579683Listed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES