1906 Malcolm AVE Westwood, CA 90025
Sale
$3,750,000
8 Units
12 Beds
12 Baths
6,151 Area(sq.ft.)
6,755 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 2,142 | $ 2,142 | $ 2,142 |
| Unit 2 | 1 | 1 | 1 | No | $ 2,163 | $ 2,142 | $ 2,163 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,174 | $ 2,174 | $ 2,174 |
| Unit 4 | 1 | 1 | 1 | No | $ 2,227 | $ 2,227 | $ 2,227 |
| Unit 5 | 1 | 2 | 2 | No | $ 2,157 | $ 2,157 | $ 2,650 |
| Unit 6 | 1 | 2 | 2 | No | $ 2,348 | $ 2,348 | $ 2,650 |
| Unit 7 | 1 | 2 | 2 | No | $ 2,800 | $ 2,800 | $ 2,800 |
| Unit 8 | 1 | 2 | 2 | No | $ 2,975 | $ 2,975 | $ 2,975 |
| 8 | 8 | 12 | 12 | $ 18,986 | $ 18,965 | $ 19,781 |
| MLS #: | SB21088760MR |
| Days On Market: | 63 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 610 |
| Price per unit: | $ 468,750 |
| Year Built: | 1963 |
Property Details
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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 258,120 |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 159,646 |
| Cap Rate: | 4.25% |
| Gross Rent Multiplier: | 14.20 |
Structure
| Community Features: | Sidewalks, Street Lights |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LAR3 |
| Land Lease Type: | Fee |
| Parking Garage: | Auto Driveway Gate, Driveway |
| Total Parking: | 15 |
Interior
| AC/Cooling: | Wall/Window Unit(s) |
| Heating: | Wall |
| Laundry: | Community, Dryer, Dryer Included, Gas Dryer Hookup, Outside, Room, Washer, Washer Included |
| Laundry Equipment: | Own |
Exterior
| Pool: | No |
Detailed Map
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