NOT LISTED FOR SALE

1906 Malcolm Ave Los Angeles, CA 90025

West Los Angeles Neighborhood
12 Beds
12 Baths
6,151 Sq Ft
6,755 Sq Ft Lot

Last Sold November 15, 2024

Last sale price $3,400,000 $553 Per Sq Ft

131 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Landscaped
  • Cooling System Mounted To A Wall/Window
  • 14 Attached Carport Spaces
  • Rectangular Lot

About This Home

As of November 2024

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. 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. 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.

Last Agent to Sell the Property

Nick Peters

Real Broker Brokerage Phone: 310-308-2609 License #00880972 Listed on: 04/28/2021

Real Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,755 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Rectangular Lot
  • Sprinkler System

Home Design

  • Property Attached

Interior Spaces

  • 6,151 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Dryer
  • Washer

Parking

  • 1 Open Parking Space
  • 15 Parking Spaces
  • 14 Attached Carport Spaces
  • Parking Available
  • Tandem Covered Parking
  • Auto Driveway Gate
  • Driveway
  • Paved Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 2 / 64
  • Tax Tract Number 5609
  • Assessor Parcel Number 4321010002

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $258,120
  • Net Operating Income $159,646

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.25
  • Property Attached: Yes
  • Zoning: LAR3
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 4321010002
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 552.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 14.00
  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Attached Carport, Covered, Driveway, Concrete, Paved, Tandem Covered, Tandem Uncovered
  • Total Parking Spaces: 15.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Dryer Included, Gas Dryer Hookup, Individual Room, Outside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lot 6500-9999, Rectangular Lot, Sprinkler System
  • Lot Size Sq Ft: 6755.00
  • Lot Size Acres: 0.1551

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 700 Square Feet
  • Average2 Bed Area: 838 Square Feet
  • Gross Multiplier: 14.20
  • Gross Operating Income: 258120.00
  • Gross Scheduled Income: 263388.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1188.00
  • Lot Size Area: 6755.0000 Square Feet
  • Maintenance Percent: 2.00
  • Net Operating Income: 159646.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Range: 8
  • Operating Expense: 98474.00
  • Other Expense Description: PROFORMA
  • Other Income Description: See Proforma
  • Rent Control: Yes

Tax Info

  • Tax Block: 64
  • Tax Census Tract: 2672.00
  • Tax Lot: 2
  • Tax Tract Number: 5609

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2024 11/15/24 Sold $3,400,000 0.0% $553 / Sq Ft
09/06/2021 09/06/21 Off Market $3,400,000 -- --
09/06/2021 09/06/21 Pending -- -- --
07/30/2021 07/30/21 For Sale $3,750,000 +10.3% $610 / Sq Ft
05/23/2021 05/23/21 Off Market $3,400,000 -- --
04/28/2021 04/28/21 For Sale $3,750,000 -- $610 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2024

    Nick Peters

    Real Broker

    (310) 308-2609

    1 in this area

    48 Total Sales

    Nick Peters
    Section Image
  • Oron Maher

    Buyer Co-Listing Agent in 2024

    Oron Maher

    Maher Commercial Realty

    (630) 649-9961

    2 in this area

    38 Total Sales

    Oron Maher
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21088760

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90025 West Los Angeles

1906 Malcolm Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes