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Bobby And Michelle Schaffer

sold@legacyhouserealty.com +1(951) 533-7744

$ 1,825,000

Est. payment | -/mo

5 Beds

4 Baths

3,304 SqFt

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$ 1,825,000

Est. payment | -/mo

Save

5 Beds

4 Baths

3,304 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,304 sqft

Price per Sqft $552

MLS Listing ID 26656353

Bedrooms 5

HOA Y/N No

Year Built 1949

Lot Size 6,664 Sqft

Property Description

SIGNIFICANT PRICE IMPROVEMENT! 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.

Location

State CA

County Los Angeles

Area C05 - Westwood - Century City

Zoning LARD1.5

Interior

Heating Forced Air

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Dishwasher, Refrigerator, Dryer, Washer

Exterior

Parking Features Assigned, Driveway

View Y/N No

View None

Total Parking Spaces 4

Building

Story 2

Entry Level Two

Architectural Style Traditional

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4325024009

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Allen Roth Sotheby's International Realty #01272304

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(951) 533-7744

sold@legacyhouserealty.com

Temecula , California, 92592, USA

1748 Malcolm AVE Los Angeles, CA 90024

Bobby And Michelle Schaffer

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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1748 Malcolm AVE