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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