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.
Property Details
Price:
$3,750,000
MLS #:
SB21088760
Status:
Pending
Baths:
0
Address:
1906 Malcolm Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
c05westwoodcenturycity
City:
Los Angeles
Listed Date:
Apr 28, 2021
State:
CA
ZIP:
90025
Lot Size:
6,755 sqft / 0.16 acres (approx)
Year Built:
1963
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Community Features
Sidewalks, Street Lights
Garage Spaces
0.00
Lot Features
Landscaped, Lot 6500-9999, Rectangular Lot, Sprinkler System
Parking Features
Auto Driveway Gate, Attached Carport, Covered, Driveway, Concrete, Paved, Tandem Covered, Tandem Uncovered
Parking Spots
15.00
Pool Features
None
Sewer
Public Sewer
Stories Total
3
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address1906 Malcolm Avenue Los Angeles CA
- AreaC05 – Westwood – Century City
- CityLos Angeles
- CountyLos Angeles
- Zip Code90025
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Courtesy of Engel & Volkers LA South Bay. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1906 Malcolm Avenue
Los Angeles, CA
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