Homes for sale - 1906 Malcolm AVE, Los Angeles, CA 90025

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$3,750,000

Est. payment - /mo

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6,756 Sqft Lot

Pending

1906 Malcolm AVE Los Angeles, CA 90025

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Paco Licea

paco@pacotherealtor.com +1(951) 213-9131

UPDATED:

09/30/2024 06:55 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

MLS Listing ID SB21088760

HOA Y/N No

Year Built 1963

Lot Size 6,756 Sqft

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 buyer’s 1031. ** Once both vacant units are rented the Proforma cap rate will be 4.25%; the Proforma GRM will be 14.2.

Location

State CA

County Los Angeles

Area C05 - Westwood - Century City

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Inclusions TBD

Fireplace No

Appliance Dryer, Washer

Laundry Common Area, Gas Dryer Hookup, Laundry Room, Outside

Exterior

Garage Attached Carport, Concrete, Covered, Driveway, Electric Gate, Paved, Tandem, Uncovered

Carport Spaces 14

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Total Parking Spaces 15

Private Pool No

Building

Lot Description Landscaped, Rectangular Lot, Sprinkler System

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 4321010002

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard, Trust

Listed by Nick Peters • Engel & Volkers LA South Bay • 310-308-2609

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Paco Licea

Broker | License ID: 01337048

+1(951) 213-9131