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1809 Malcolm Ave Los Angeles, CA 90025

$6,215,000 Sold Price as of 04/09/2021

22 Beds
22 Baths
14,355 Sq.Ft.

Sold

$6,215,000 Sold Price as of 04/09/2021 Refinance Your Mortgage

Map preview of 1809 Malcolm Ave, Los Angeles, CA 90025

Property Overview: 1809 Malcolm Ave Los Angeles, CA has 22 bedrooms, 22 bathrooms, 14,355 living square feet and 7,728 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Robert Renshaw | BRE #01332831 | REMAX COMMERCIAL & INVESTMENT REALTY
Co-listed by Jonathan Taksa | BRE #01366169 | Remax Commercial and Investment Realty

Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft: 7,728
HOA Dues: $0/mo
Year built: 1987
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21701590
City: Los Angeles
County: Los Angeles
Time on Site: 1160 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 11
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 3
Furnishing: Unfurnished
Actual Rent: $3,795
Total Rent: $3,795
Pro Forma/Market Rent: $4,200

Unit Breakdown 2

# of Units: 9
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,824
Total Rent: $25,416
Pro Forma/Market Rent: $3,250

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,420
Total Rent: $2,420
Pro Forma/Market Rent: $2,500

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 16.41
Gross Scheduled Income: --
Net Operating Income: $220,206
Gross Operating Income: $368,196

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1809 Malcolm Ave

Interior Features

Cooling Information

Has Cooling
Central Air

Heating Information

Has Heating
Central

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Controlled Entrance

Property Information

Total # of Units: 11
Parcel Number: 4321001038

Location / Neighborhood

Location Information

Directions: Malcolm at Santa Monica

View more facts & features

Local Los Angeles Agent

Sale History for 1809 Malcolm Ave

Last sold for $6,215,000 on April 9th, 2021

April, 2021
Apr 9, 2021

Date

Sold

CRMLS: 21701590

$6,215,000

Price
Mar 30, 2021

Date

Pending

CRMLS: 21701590

$6,250,000

Price
Mar 19, 2021

Date

Active Under Contract

CRMLS: 21701590

$6,250,000

Price
Mar 8, 2021

Date

Active

CRMLS: 21701590

$6,250,000

Price
July, 2016
Jul 6, 2016

Date

Sold (Public Records)

Public Records

--

Price
November, 2015
Nov 6, 2015

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1809 Malcolm Ave

Assessed Value (2020): $3,367,887

Year	Land Value	Improved Value	Assessed Value
2020	$1,374,906	$1,992,981	$3,367,887

Home Value Compared to the Market

This property vs the competition

1809 Malcolm Ave sold on April 9, 2021 for 425.21% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $435.39 per/sqft which puts the price per square foot 42.33% lower than the current median sale per square foot for the city of Los Angeles.

About 1809 Malcolm Ave

Detailed summary of property

1809 Malcolm Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 22 bedrooms, 22 bathrooms, roughly 14,355 living square feet, and sits on an approximately 7,728 square foot lot. 1809 Malcolm Ave was first listed on ArdentRealEstateGroup.com on March 8, 2021. The homeowner sold the property for $6,215,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 425.21% higher than the current median priced home. Local homes that are currently for sale include 1908 Hillcrest Rd, 1042 Wilcox Ave and 927 S Ardmore Ave. While the average home in Los Angeles, CA is selling in 93 days, 1809 Malcolm Ave has a days on market of 10 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 1809 Malcolm Ave Los Angeles, CA 90025 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1809 Malcolm Ave

Public county record property details

Beds: --
Baths: --
Year built: 1987
Sq. Ft.: 14,355
Lot Size: 7,727
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 17
APN: 4321-001-038

The source for these homes facts are from public records.

90025 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,149,000

Median List Price/Sq.Ft.

$743

Median Sold Price

$1,100,935

Median Sold Price/Sq.Ft.

$698

Total Inventory

108

Median Sale to List Price %

104.95%

Avg Days on Market

Loan Type

Conventional (13.64%), FHA (0%), VA (0%), Cash (18.18%), Other (9.09%)

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.