See Home Value
$3,375,000 - $4,125,000
Multifamily - Off Market

1906 Malcolm Avenue

Los Angeles, CA 90025
bedrooms
12 Beds
bathrooms
0 Bath
square feet
6151 Sqft

About This Property

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.

The manager has listed the unit size as 6151 square feet.
Unit Size
6,151Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$610
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1963

Price History

Date / Event Date Event Price
Feb 23, 2024 No longer available -
No longer available
Aug 1, 2021 Relisted $3,750,000
Relisted
May 25, 2021 No longer available -
No longer available
Apr 29, 2021 Listed $3,750,000
Listed

Property Highlights

Air Conditioning


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4.5 Baths
3,296 ft²
$1,212/ft²
$3,995,000 Apr 9, 2024
-
-
Other
Loft
-
9,621 ft²
$364/ft²
$3,500,000 Apr 1, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210429
04/29/2021
12 Bed
-
6151 ft²
$3,750,000
bedrooms
12 Bed
bathrooms
-
square feet
6151 ft²
-
-
-
Nick Peters
Engel & Volkers LA South Bay

Building Info

1906 Malcolm Avenue 1906 Malcolm Avenue, Los Angeles, CA 90025
More about this Building
1906 Malcolm Avenue
Want to find out who owns 1906 Malcolm Avenue, Los Angeles, CA 90025? Get detailed property transactions here .

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