1097 days Back

1906 Malcolm Avenue, Los Angeles, CA 90025

  • 12 Bedrooms
  • 0 Bathrooms
  • 6,151 sqft

Value Estimates

Fair Condition
$3,656,250
Good Condition
$3,810,000
Excellent Condition
$3,828,750

About

This 8 unit building has a great unit mix of four 2 beds and four 1 beds. The end units are 2 beds 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 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. Same 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 is not doing a 1031 and will coop with buyers 1031. ** Once both vacant units are rented the current Cap Rate will be 3.41 and Proforma will be 4.01%; similarly, the current GRM will be 16.2 and the Proforma will be 14.8.

General Information

12 beds
6,151 Sq Ft
MultiFamily
1963
Pending
0 baths
6,755.00 Sq Ft Lot
2
15 spaces
1097 Days on Market

Listing Details

Commercial/Residential - Los Angeles, CA
MRMLSCA
California Regional Multiple Listing Service, Inc
SB21088760
ListHub
Engel & Volkers, LA - South Bay
(310) 308-2609
Nick Peters
nick.peters@evrealestate.com
(310) 308-2609
(310) 543-9999
3yd-MRMLSCA-sbpetenic3

Engel & Volkers LA-South Bay
(310) 543-9999
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property Features

  • Attic
  • Barbecue Area
  • Basement
  • Deck
  • Disabled Access
  • DBL Pane Windows
  • Fireplace
  • Gated Entry
  • Greenhouse
  • Hot Tub Spa
  • Pool
  • RV Parking
  • Sauna
  • Security System
  • Sprinkler System
  • Vaulted Ceiling
  • Wet Bar
  • Heating Systems
  • New Construction
  • Waterfront
  • Parking: Carport, Covered, Driveway, Paved or Surfaced, Tandem

Nearby Schools

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    Listing Agent

    Nick Peters

    Engel & Volkers, LA - South Bay

    (310) 308-2609

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