1809 Malcolm Ave, Los Angeles, CA 90025

Property Description

We are pleased to offer for sale an incredible multifamily asset at 1811 Malcolm Ave. Built in 1987, the property is NOT subject to the City of LA's Rent Stabilization Ordinance. Nestled among some the Westside's most prominent neighborhoods. 1811 Malcolm sits two blocks east of Westwood Blvd and just south of Santa Monica Blvd in the shadow of the iconic Los Angeles California Temple. To the north is Westwood and its centerpiece, UCLA. To the east is Century City, its famous shopping center and the various entertainment and law firms filling its high rises.The property features beautiful landscaping, new paint, and a fresh facade. There is a secured lobby, an elevator and secure on-site parking for all units. There is also a common laundry facility for all tenants. The unit mix includes (1) 3-bed, 3-bath unit, (9) 2-bed, 2-bath units and (1) 1-bed, 1-bath unit. Overall, current rents are strong, however there remains significant upside potential as the economy rebounds and the rental market emerges from the grips of the COVID epidemic. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor.