This 8 unit building has a great unit mix of four 2 beds and four 1 beds. The end units are 2 beds/2baths and on each floor there are two interior 1 bed units. ** Long term tenants - average is 5 years! ** At the moment there are 2 vacancies (#1 and #8 which are both 2 bed units) which is great! Rent will be top of the market! ** Ample parking: 7 tandem tuck-under slots that each hold 2 cars, plus an open spot, for a total of 15 onsite parking spots. ** Been in the same family for 2 decades and greatly cared for. Extremely well maintained. Most units have air conditioning. Really nice curb appeal with mature landscaping. ** On site common laundry room with seller-owned washer and dryer. Individually metered for gas and electric. ** Located in a high demand rental area, close to UCLA & neighboring communities of Westwood, Century City & Beverly Hills. Easily accessible to 405 Freeway, public transportation, shopping and entertainment. ** Drive By Only. DO NOT DISTURB TENANTS. Same owner owns 1910 Malcolm which is the identical building on the right side. They share a driveway and the front car gate. No intent to sell 1910 at this time. ** Gated parking for security. ** Seller will consider offers that are contingent on the closing of another property. Seller is not doing a 1031 and will coop with buyer’s 1031. ** Once both vacant units are rented the current Cap Rate will be 3.53% and Proforma will be 4.25%; similarly, the current GRM will be 16.2 and the Proforma GRM will be 14.2.
Additional Features
- Wall Furnace
- Landscaped
- Lot 6500-9999
- Rectangular Lot
- Sprinkler System
- Three Or More
- Parking spaces: 15.00
- Listing Status: Pending
- Listing Agent: Nick Peters
(lic# 00880972)
of South Bay
- Listing Office: Engel & Volkers LA-South Bay
(lic# 01967052)
- CO-Listing Agent: Oron Maher
(lic# 01299093)
of Beverly Hills/Greater LA
- CO-Listing Office: California Real Property, Inc
(lic# 02062365)
-
Based on information from CRISNet MLS as of 2nd December 2024 at 7:48pm. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
