Seller's Agent in 2020
Ed Kaminsky
eXp Realty of California, Inc
(310) 465-3993
1 in this area
507 Total Sales
1907 Malcolm Ave Los Angeles, CA 90025
West Los Angeles Neighborhood
11
Beds
9
Baths
6,160
Sq Ft
6,754
Sq Ft Lot
Highlights
- Private Yard
- Balcony
- 5 Attached Carport Spaces
- No HOA
- Laundry Room
About This Home
As of January 2020Great investment opportunity in West L.A.! This centrally located 5 unit complex is enjoys easy access to the 10 & 405 freeways, Santa Monica Blvd, Overland Ave, and Bundy Drive. This prime residential location is close to UCLA, Century City and the rest of Los Angeles making this a prime income property as it is easy to keep rented. Tenants will enjoy to the nearby restaurants, theaters, bars, boutiques and entertainment galore. The 5 units contain a mix of (1) 1 bed / 1 bath , (2) 3 bed /2 bath and (2) 2 bed / 2 bath. 3 units offer private balconies, 1 unit with a patio and 1 unit with a yard area. Parking is never a concern, 10 total parking spaces (a tandem set per unit) and ample street parking with very few restrictions ensure parking available. This property has been owned and occupied by the current owner for over 40 years, it is very well maintained yet has tremendous value add potential through upgrading and modernizing the units. Check with the City for development opportunities as well. One unit is owner occupied and upon vacancy of that unit you can bring the rent up to market rents.
Proforma rents listed are based on current market rents of area, gross rents are assuming the building is performing at the Proforma rents. Proforma rents are not guaranteed.
Last Agent to Sell the Property
eXp Realty of California, Inc License #00958114 Listed on: 08/16/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 6,754 Sq Ft Lot
- Two or More Common Walls
- Private Yard
- Density is 2-5 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 6,160 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 11 Bedrooms
- 9 Bathrooms
Parking
- 5 Open Parking Spaces
- 10 Parking Spaces
- 5 Attached Carport Spaces
- Parking Available
- Tandem Covered Parking
- Driveway
Outdoor Features
- Balcony
- Exterior Lighting
Location
- Suburban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 23 / 61
- Tax Tract Number 5609
- Assessor Parcel Number 4321011023
Community Details
Overview
- No Home Owners Association
- 5 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $6,156
- Fuel Expense $5,381
- Insurance Expense $4,000
- Maintenance Expense $5,000
- Supplies Expense $480
- Trash Expense $4,677
- New Taxes Expense $29,901
- Operating Expense $55,594
- Gross Income $224,240
- Net Operating Income $165,314
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 16, 2019
Closed on
Nov 25, 2019
Sold by
Bought by
Seller's Agent
Ed Kaminsky
eXp Realty of California, Inc
Buyer's Agent
Susan Lau
Coldwell Banker Realty
List Price
$2,500,000
Sold Price
$2,525,000
Premium/Discount to List
$25,000
1%
Purchase Details
Closed on
Nov 22, 2019
Sold by
Bought by
Purchase Details
Closed on
Nov 17, 2010
Sold by
Bought by
Purchase Details
Closed on
Oct 20, 2008
Sold by
Bought by
Purchase Details
Closed on
Sep 8, 2004
Sold by
Bought by
Purchase Details
Closed on
Mar 11, 2000
Sold by
Bought by
Purchase Details
Closed on
Mar 12, 1996
Sold by
Bought by
Purchase Details
Closed on
Jun 24, 1995
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,525,000 | Lawyers Title Company | ||
| -- | Lawyers Title | ||
| -- | None Available | ||
| -- | Accommodation | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,350,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/22/2020 01/22/20 | Sold | $2,525,000 | +1.0% | $410 / Sq Ft |
| 09/06/2019 09/06/19 | Pending | -- | -- | -- |
| 08/16/2019 08/16/19 | For Sale | $2,500,000 | -- | $406 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $34,048 | $2,761,452 | $1,933,018 | $828,434 |
| 2024 | $33,626 | $2,707,307 | $1,895,116 | $812,191 |
| 2023 | $32,985 | $2,654,223 | $1,857,957 | $796,266 |
| 2022 | $31,473 | $2,602,180 | $1,821,527 | $780,653 |
| 2021 | $31,076 | $2,551,158 | $1,785,811 | $765,347 |
| 2020 | $6,495 | $449,622 | $235,236 | $214,386 |
| 2019 | $6,276 | $440,807 | $230,624 | $210,183 |
| 2018 | $6,149 | $432,164 | $226,102 | $206,062 |
| 2016 | $5,792 | $415,384 | $217,323 | $198,061 |
| 2015 | $5,719 | $409,145 | $214,059 | $195,086 |
| 2014 | $5,770 | $401,131 | $209,866 | $191,265 |
Source: Public Records
Agents Affiliated with this Home
-
Ed Kaminsky
-
Susan Lau
Buyer's Agent in 2020
Susan Lau
Coldwell Banker Realty
(213) 220-5466
1 in this area
65 Total Sales
-
D
Buyer Co-Listing Agent in 2020
Danny Eim
Coldwell Banker Realty
-
D
Buyer Co-Listing Agent in 2020
Daniel Eim
Coldwell Banker Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB19197239
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.
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
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