1906 Malcolm Avenue
Los Angeles, CA, 90025
$3,750,000
Beds
0 Baths
SqFt
0.16 Acres
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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 &#38' neighboring communities of Westwood, Century City &#38' 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
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Interior

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Wall/ Window Unit(s)
Heating
Wall Furnace

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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

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1906 Malcolm Avenue
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