1906 Malcolm Avenue

West Los Angeles, Los Angeles, CA 90025

$3,750,000
Multi Family Townhouse

AGENTS

Rachelle Rosten
Rachelle Rosten
  • Licensed Real Estate Salesperson
  • DRE #: 01255977
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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 buyers 1031. ** Once both vacant units are rented the Proforma cap rate will be 4.25%; the Proforma GRM will be 14.2.
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PROPERTY DETAILS

  • Exterior
    .16 Acres
  • Property Type
    Multi Family Townhouse
  • Year Built
    1963
  • MLS/Listing ID
    SB21088760
  • Days On Market
    132

BUILDING/PROPERTY DETAILS

  • Air Conditioning
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Listing Courtesy of Engel & Volkers LA-South Bay, Listing Agents Nick Peters - CA DRE Lic. #00880972 - nick.peters@evusa.com and Oron Maher - CA DRE Lic. #01299093 - 310-464-1453