1906 Malcolm AVE

LOS ANGELES, CA, 90025

$3,750,000

$609 per ft²
$3,750,000
$609 per ft²
Pending
Pending
 - For Sale
beds
12 Beds
baths
12 Baths
carpenters-square
6,151 ft²
property_type
Multi-family
calendar
Built 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.
MLS® ID:
SB21088760MR
Listed:
4/27/21
Updated:
3/30/23

Interior Features

Total Bedrooms
12
Total Bathrooms
12
Laundry Description
Community, Dryer, Dryer Included, Gas Dryer Hookup, Outside, Room, Washer, Washer Included
Cooling
Wall/Window Unit(s)
Heating
Wall

Exterior/Building Features

Lot Size
6,755 ft² lot
Sewer
Public Sewer

Other Property Details

Garage
No
Parking
Auto Driveway Gate, Driveway
Parking Total
15.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Total Stories
3
Zoning
LAR3

Courtesy of Engel & Volkers LA-South Bay, Nick Peters,
Listing Contact:  

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Data last updated 3/30/23

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