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$3,750,000
12 bed
12 bath
0 Sqft
6,755 Sqft lot

1906 Malcolm Avenue, Los Angeles, California 90025

  • Residential Income Property Type
  • 166 Days Time on market
  • 1963 Year Built
Property Description

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.

Basic Details
Residential Income
Buy
SB21088760
$3,750,000
12
12
0 Sqft
1963
6,755 Sqft
Pending
Mixed Use
Condos/Co-ops
Features
: Wall Furnace
: Wall/window Unit(s)
: Dryer, Washer
: Sidewalks, Street Lights
15
$0
: Public Sewer
Address
CA
Los Angeles
Los Angeles
90025
1906 Malcolm Avenue
1906
Avenue
0
W119° 34' 0.7''
N34° 2' 57''
Additional Information
166
1
3
: Three Or More
1
: Laundry Room, Gas Dryer Hookup, Common Area, Outside
0
6,151 Sqft
1
0 Sqft
0 Sqft
0.16 Sqft
6,755 Sqft
1
: 2+ Common Walls
0 Sqft
LAR3
4321010002
$0
$0
$0
$0
1
$0
$0
0 Sqft
1
0 Sqft
$0
1
06/09/2021
15/10/2023 00:00:00
$0
: Standard, Trust
Cash,Cash to New Loan,1031 Exchange
South of Santa Monica Blvd
Destrahan
Harry Hurst
Engel & Volkers LA-South Bay
Nick Peters
sb1309810
sbpetenic3
$0
4.25
14
63
1
: Landscaped, Rectangular Lot, Sprinkler System
1
: Electricity Connected, Natural Gas Connected, Water Connected, Sewer Connected
1
: Square Feet
1
: Cable
yes
1
TBD
1
8
8
1
8
8
64
2
0
US-06037-N-4321010002-R-N
Mixed Use
21/10/2022 15:23:08
Malcolm
C05 - Westwood - Century City
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