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1907 Malcolm Ave, Los Angeles, CA 90025
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1907 Malcolm Ave Los Angeles, CA 90025

$2,525,000 Sold Price as of 01/22/2020
  • 11 Beds
  • 9 Baths
  • 6,160 Sq.Ft.
Sold
$2,525,000 Sold Price as of 01/22/2020 Refinance Your Mortgage
Map preview of 1907 Malcolm Ave, Los Angeles, CA 90025

Property Overview: 1907 Malcolm Ave Los Angeles, CA has 11 bedrooms, 9 bathrooms, 6,160 living square feet and 6,754 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Edward Kaminsky | BRE #00958114 | Strand Hill Christies International Real Estate
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
6,754
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB19180285
City
Los Angeles
County
Los Angeles
Time on Site
1214 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Leased Units: 5
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Actual Rent: $860
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Actual Rent: $2,800
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,300
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Actual Rent: $1,560
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $223,140
  • Net Operating Income: $165,314
  • Gross Operating Income: --
  • Vacancy Allowance: $2,231
  • Laundry Income: $1,100
Annual Expense Breakdown
  • Total Operating Expense: $55,594
  • Electric: $6,156
  • Trash: $4,676
  • Insurance: $4,000
  • Maintenance: $5,000
  • Other Expenses: $5,381

Property Details for 1907 Malcolm Ave

Interior Features
Laundry Information
  • Common Area, Community, Individual Room
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
Lot Information
  • Lot Features: 2-5 Units/Acre, Rectangular Lot, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 5
  • Parcel Number: 4321011023
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Between La Grange Ave and Missouri Ave
View more facts & features

Local Los Angeles Agent

Sale History for 1907 Malcolm Ave

Last sold for $2,525,000 on January 22nd, 2020

  • August, 2021

  • Aug 12, 2021

    Date

    Canceled

    CRMLS: 21768306

    $4,950

    Price

  • Aug 3, 2021

    Date

    Active

    CRMLS: 21768306

    $4,950

    Price

  • Listing provided courtesy of CRMLS

    Don't miss out on this spacious, midcentury modern contemporary apartment in the heart of Westwood. This is NOT your standard, cookie-cutter apartment unit. This penthouse unit has been newly renovated & professionally designed featuring every modern convenience - entertainers kitchen with gorgeous eat-in island, brand new stainless appliances, quartz countertops, air conditioning & heating, Samsung front load washer dryer, ample closet space, and high-end finishes & fixtures throughout, energy-efficient LED everything and keyless entry. This 3 bedroom / 2 bath unit also offers designated, 2 car tandem parking with plentiful street parking in the neighborhood. **THE SPACE This apartment has a clean, Scandinavian-inspired aesthetic with big windows and white oak floors. The open floor plan gives plenty of living space. The unit has also been completely renovated from top to bottom - brand new everything - fully gutted down to the studs, top-of-the-line appliances, and an all-new kitchen featuring quartz countertops, stainless steel appliances (including dishwasher & microwave), and cabinets. **LOCATION Conveniently situated in the Westside of Los Angeles, our ideal location places you close to everything. From fine dining in nearby Beverly Hills, to fabulous shopping at the Westfield Century City and One Westside - the future corporate office for Google, everything you need and love is just minutes away! With easy access to the 10 and 405 freeways, access to Downtown and Santa Monica is a snap. We are blocks away from the award-winning Westwood Charter Elementary School, Emerson Middle School and of course, UCLA!!This unit can be rented partially furnished as shown in the photos for an additional fee. The furnished unit currently offers a brand new wall-mounted 65" LG LED TV, top of the line dedicated home office with a motorized standing desk, Herman Miller Aeron chair, full-size magnetic glass dry erase board, and beautiful living space & counter seating.

  • January, 2020

  • Jan 23, 2020

    Date

    Sold

    CRMLS: SB19180285

    $2,525,000

    Price

  • Dec 19, 2019

    Date

    Pending

    CRMLS: SB19180285

    $2,500,000

    Price

  • Sep 6, 2019

    Date

    Active Under Contract

    CRMLS: SB19180285

    $2,500,000

    Price

  • Aug 16, 2019

    Date

    Active

    CRMLS: SB19180285

    $2,500,000

    Price

  • January, 2020

  • Jan 23, 2020

    Date

    Sold

    CRMLS: SB19197239

    $2,525,000

    Price

  • Dec 19, 2019

    Date

    Pending

    CRMLS: SB19197239

    $2,500,000

    Price

  • Sep 6, 2019

    Date

    Active Under Contract

    CRMLS: SB19197239

    $2,500,000

    Price

  • Aug 17, 2019

    Date

    Active

    CRMLS: SB19197239

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

  • January, 2020

  • Jan 22, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,525,000

    Price

  • January, 2020

  • Jan 22, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1907 Malcolm Ave

Assessed Value (2020): $449,622
Year Land Value Improved Value Assessed Value
2020 $235,236 $214,386 $449,622

Home Value Compared to the Market

This property vs the competition

1907 Malcolm Ave sold on January 22, 2020 for 110.08% 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 $405.84 per/sqft which puts the price per square foot 46.25% lower than the current median sale per square foot for the city of Los Angeles.

About 1907 Malcolm Ave

Detailed summary of property

1907 Malcolm Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 11 bedrooms, 9 bathrooms, roughly 6,160 living square feet, and sits on an approximately 6,754 square foot lot. 1907 Malcolm Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,525,000. 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 110.08% higher than the current median priced home. Local homes that are currently for sale include 4913 Melrose Ave, 4401 Beverly Blvd and 101 S Mariposa. While the average home in Los Angeles, CA is selling in 93 days, 1907 Malcolm Ave has a days on market of 21 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 1907 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 1907 Malcolm Ave

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
6,160
Lot Size
6,753
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
23
APN
4321-011-023

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
32
Loan Type
Conventional (13.64%), FHA (0%), VA (0%), Cash (18.18%), Other (9.09%)

Thinking of Selling?

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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.

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