1907 Malcolm Ave, Los Angeles, CA 90025

Property Description

Great 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.