Pending
1906 Malcolm Avenue
Los Angeles CA, 90025
$3,750,000
$609.66 per sqft
Pending
6,151 sqft
Multi-family
Built in 1963
This 8 unit building has a great unit mix of four 2 beds and four 1 beds. The end units are 2 beds/2baths and on each floor there are two interior 1 bed units. ** Long term tenants - average is 5 years! ** At the moment there are 2 vacancies (#1 and #8 which are both 2 bed units) which is great! Rent will be top of the market! ** Ample parking: 7 tandem tuck-under slots that each hold 2 cars, plus an open spot, for a total of 15 onsite parking spots. ** Been in the same family for 2 decades and greatly cared for. Extremely well maintained. Most units have air conditioning. Really nice curb appeal with mature landscaping. ** On site common laundry room with seller-owned washer and dryer. Individually metered for gas and electric. ** Located in a high demand rental area, close to UCLA & neighboring communities of Westwood, Century City & Beverly Hills. Easily accessible to 405 Freeway, public transportation, shopping and entertainment. ** Drive By Only. DO NOT DISTURB TENANTS. A related owner owns 1910 Malcolm which is the identical building on the right side. They share a driveway and the front car gate. No intent to sell 1910 at this time. ** Gated parking for security. ** Seller will consider offers that are contingent on the closing of another property. Seller will coop with buyer's 1031. ** Once both vacant units are rented the Proforma cap rate will be 4.25%; the Proforma GRM will be 14.2.
SB21088760
MLSⓇ ID
April 28, 2021
Listed
February 16, 2024
Updated
Map
1906 Malcolm Avenue
Los Angeles CA, 90025
Interior Features
Total Stories
3
Appliances
Dryer, Washer
Laundry Description
Common Area, Gas Dryer Hookup, Laundry Room, Outside
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.16 Acres
Lot Features
Landscaped, Rectangular Lot, Sprinkler System
Sewer
Public Sewer
Other Property Details
Area Name
C05 - Westwood - Century City
Days on Market
63
Garage
No
Parking
Attached Carport, Concrete, Covered, Driveway, Electric Gate, Paved, Tandem, Uncovered
Parking Total
15
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LAR3
Buyer Agency Compensation
2.5%
Listed by Nick Peters, Engel & Volkers LA-South Bay, CA DRE 00880972
Listing Contact: 310-308-2609
Based on information from the CRISNet MLS as of 2/16/2024, 3:50 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. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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