1748 Malcolm Ave - Apartments FOR SALE


Los Angeles, CA 90024- Westwood
$1,999,000 USD
1748 Malcolm Ave, Los Angeles, CA for Sale
$1,999,000 USD
Apartments - FOR SALE
1/8
null | 3.63% Cap Rate

1748 Malcolm Ave
Los Angeles, CA 90024
Westwood


HIGHLIGHTS

  • A rare four-unit multifamily opportunity in prime Westwood
  • Zoned LAR1.5, the asset provides both dependable cash flow and long-term positioning within a supply-constrained West Los Angeles submarket
  • Offering stable rental income and significant value-add potential in one of the Westside's most consistently high-demand residential markets

OVERVIEW

A rare 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. The neighboring five-unit property at 1754 Malcolm Avenue is also being offered for sale and may be acquired individually or together as part of a nine-unit contiguous portfolio spanning approximately 12,464 square feet of land. A compelling opportunity for investors seeking scale, rental growth, and long-term appreciation in prime Westwood.

FOR SALE DETAILS

PRICE

$1,999,000 USD

PRICE/SF

$403 USD /SF

# OF UNITS

4

PRICE/UNIT

$499,750

CAP RATE

3.63%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,665 SF

ZONING

LARD1.5

APN/PARCEL ID

4325-024-009

ASK ABOUT THIS PROPERTY

Allen RothSotheby's International Realty LLCMore Info

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