$ 1,150,000
1419 Malvern Avenue Los Angeles, CA 90006
Save 
Share Schedule a Tour
REQUEST A TOUR
In-PersonVirtual Tour
REQUEST A TOUR
In-PersonVirtual Tour
$ 1,150,000
Est. payment | /mo
5,960 SqFt
$ 1,150,000
Est. payment | /mo
5,960 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 5,960 sqft
Price per Sqft $192
MLS Listing ID CL24461224
HOA Y/N No
Year Built 1960
Lot Size 6,508 Sqft
Acres 0.15
Property Description
Daniel Hirth and Alex Reyhan of The Hirth Group have been exclusively selected by the ownership to handle the sale of 1419 Malvern Avenue. An exceptional eight-unit multifamily building situated between Venice Boulevard and Alvarado Terrace, just north of S. Hoover Street, in the Pico Union submarket near Downtown Los Angeles. This area is a highly sought-after and rapidly gentrifying neighborhood. Built in 1960, the property features a mix of four 2-bedroom, 1-bath units, two 1-bedroom, 1-bath units, and two studio apartments. The current rents are well below market value, providing investors with the opportunity to increase income by over 100% and the potential to add additional ADUs (Buyer to Verify). The building spans 5,960 square feet on a 6,506 square foot lot, offering a 4.32%current CAP rate with a projected pro forma CAP rate of 9.73%, priced at just $162,500 per unit. This property at 1419 Malvern Avenue offers a rare chance for investors to acquire a value-add asset in a high-demand rental market, with the potential to increase value through renovations and the addition of an ADU in the rear. With strategic renovations, investors can maximize rental income and tap into the significant upside. The property is ideally situated in a dense, infill location with easy acces
Location
State CA
County Los Angeles
Area Listing
Zoning LARD
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5135008014
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Daniel Hirth • KW Advisors
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "