1748 Malcolm Avenue,Los Angeles, CA 90024
Los Angeles, CA 90024
Description
SIGNIFICANT PRICE IMPROVEMENT! A four-unit multifamily opportunity in prime Westwood, offering stable rental income and significant value-add potential in one of the Westside's most consistently high-demand residential markets. Ideally located near UCLA, Century City, Beverly Hills, and Santa Monica, 1748 Malcolm Avenue benefits from strong tenant demand and historically low vacancy. The 3,304-square-foot building sits on an expansive 6,663-square-foot lot and features bright, well-proportioned units that combine classic Westwood charm with modern comfort. The favorable unit mix and central location continue to attract quality tenants seeking proximity to major employment centers, lifestyle amenities, and world-class retail and dining. Based on current in-place lease rates relative to prevailing market rents, the property presents the potential for up to approximately 37% future rental upside, offering investors a compelling opportunity to enhance income through strategic lease adjustments and repositioning over time. Zoned LAR1.5, the asset provides both dependable cash flow and long-term positioning within a supply-constrained West Los Angeles submarket. A compelling opportunity for investors seeking scale, rental growth, and long-term appreciation in prime Westwood.
Details
| MLS # | 26867609 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1949 |
| Days On Site | 21 |
| Listing Provided By | Sotheby's International Realty | Allen Roth |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 3,304 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | LARD1.5 |
| Acreage | 0.15 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Forced Air |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Dishwasher, Refrigerator, Dryer, Washer |
Parking
| Attached Garage Yes / No | Yes |
|---|---|
| Parking Features | Assigned, Driveway |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90024 |
| Area | C05 Westwood Century City |
| Listing VS Median (in 90024) | |
Price: $1,795,000 low | high Med: $2,597,000 sqft: 3,304 low | high Med: 4,110 $ / sqft: $543 low | high Med: $687 On site: 21 low | high Med: 138 | |
Market Activity 90024
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90024 |
| Area | C05 Westwood Century City |
| Listing VS Median (in 90024) | |
Price: $1,795,000 low | high Med: $2,597,000 sqft: 3,304 low | high Med: 4,110 $ / sqft: $543 low | high Med: $687 On site: 21 low | high Med: 138 | |
