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Map
$3,375,000 - $4,125,000
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Multifamily -
Off Market
1906 Malcolm Avenue
Los Angeles, CA 90025
12 Beds
0 Bath
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.
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
House
4
Beds
4.5
Baths
3,296 ft²
$1,212/ft²
$3,995,000
Apr 9, 2024
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
04/29/2021
|
|
12 Bed
|
-
|
6151 ft²
|
$3,750,000
12 Bed
-
6151 ft²
|
-
-
|
-
|
Nick Peters
Engel & Volkers LA South Bay
|