1906 Malcolm Avenue Los Angeles, CA 90025
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 TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site438 Days
- MLS StatusPending
- MLS ID NumberSB21088760
- Home Size Source N/A
- Year Built1963
- Lot Size0.1551 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Attached CarportConcreteCoveredDrivewayElectric GatePavedTandemUncovered
- Parking Spaces 15
- Sewer Public Sewer
- Number of Stories Three Or More3
- Acreage 0.1551
- Water Public
- Property Sub Type Mixed Use
- Garage Spaces 0
- Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
- Zoning LAR3
- Listing Conditions Standard
Interior Features
- Cooling Wall Window Units
- Heating Wall Furnace
- Appliances DryerWasher
- Laundry Features Common AreaGas Dryer HookupLaundry RoomOutside
Exterior Features
- Pool Features None
- Lot LandscapedRectangular LotSprinkler System
Community Features
- Association Dues 0
- Community Features Street LightsSidewalks
- Senior Community No
- MLS Area C05 - Westwood - Century City