Apartment
JUST SOLD
1906 Malcolm Avenue
Los Angeles, CA 90025
Sold For
$3,400,000
Building Size.
6,151 SF
Lot Size
6,755 SF
Behind The Sale
Maher Commercial Realty is proud to announce the successful sale of this 6,151 sq.ft. well-maintained 8-unit building in Westwood, a prime Los Angeles location. Representing the seller in this transaction, we are pleased to have secured a multiple offer situation, demonstrating the high demand for this property.
This was not just any transaction—it was a complex 3-year escrow process and multiple transactional issues that required a depth of real estate experience to solve.
Located in a high-demand rental area near UCLA, Westwood, Century City, and Beverly Hills, this property also provides easy access to the 405 Freeway, public transportation, and local shopping and entertainment. A fantastic investment opportunity in one of LA’s most desirable neighborhoods.
ABOUT THE PROPERTY
BUILDING:
LOT SIZE:
UNIT MIX:
VACANCY RATE:
YEAR BUILT:
ZONING:
WALK SCORE:
PARKING SPACES:
CAP RATE:
GRM:
PRICE PER SQ.FT. (BUILDING):
6,155 Sq.Ft.
6,755 Sq.Ft.
4 x 1 bed/1 bath
4 x 2 bed/2 bath
Sold with Two Vacant Units
1963
LAR3
90
15
4.7%
13.17
$553
KEY HIGHLIGHTS
Complex Escrow: Maher Commercial helped navigate a complex 3-year escrow process and multiple transactional issues that required a depth of real estate experience to solve.
Multiple Offers: Sold with multiple offers at a 4.7% pro forma cap rate (after filling two existing vacancies), 13.17 GRM, $553 per square foot, and $425,000 per door (average unit size 912 square feet).
Property Details: The sale involves an 8-unit building in Westwood, Los Angeles, with a unit mix of four 2-bedroom/2-bath units and four 1-bedroom units.
High Demand: The property generated a multiple offer situation, reflecting the high demand for this type of property in the area.
Tenant Stability: The building has long-term tenants, with an average tenancy of 5 years, indicating stability and reliable rental income.
Parking Availability: The property offers ample parking with 15 spaces, including 7 tandem tuck-under spaces and an additional open spot.
Prime Location: Located in a high-demand area near UCLA, Westwood, Century City, and Beverly Hills, with easy access to the 405 Freeway, public transport, and local amenities.
Proven Track Record of Success
In addition to the successful sale of 1906 Malcolm Avenue, Maher Commercial Realty has a proven track record of selling high-value apartment buildings throughout Los Angeles. Recent transactions include the sale of 541-545 Glenrock Avenue, 542 Glenrock Avenue, 534 Glenrock Avenue, 1411 Armacost Avenue and 461 & 467 Midvale Avenue and 10954 Robling Avenue. Each of these properties presented unique challenges which our team skillfully navigated to deliver top-notch results for our clients.
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