1754 Malcolm Ave 5 Unit Apartment Building $2,350,000 ($470,000/Unit) 2.49% Cap Rate Los Angeles, CA 90024

A prime five-unit multifamily investment opportunity in the heart of Westwood, one of Los Angeles' most desirable and supply-constrained rental markets. Located near UCLA, Century City, Beverly Hills, and Santa Monica, 1754 Malcolm Avenue offers stable in-place income with meaningful rental upside and long-term strategic value. The 4,688-square-foot building sits on a 5,801-square-foot lot and features a favorable unit mix of bright, spacious residences that blend classic Westwood architectural charm with tasteful modern updates. Three of the five units have been remodeled, enhancing tenant appeal and long-term positioning. Two units will be delivered vacant, providing immediate flexibility for an investor to capture market rents, accommodate owner-user needs, or create executive or family housing. Based on current in-place lease rates relative to prevailing market rents, the property presents the potential for up to approximately 25% future rental upside, offering investors a compelling opportunity to enhance income through strategic lease adjustments and repositioning over time. Recent capital improvements include a new electrical panel, newer roof, fresh exterior paint, updated garage doors, and refreshed landscaping, reflecting strong ownership stewardship and reducing near-term capital expenditure exposure. Zoned LAR1.5, the property presents both a stable income-producing asset and a strategic long-term hold in a premier West Los Angeles corridor. The adjacent four-unit property at 1748 Malcolm Avenue is also available for purchase, either individually or together as a rare nine-unit side-by-side portfolio opportunity totaling approximately 12,464 square feet of land. An ideal acquisition for investors seeking dependable cash flow, rental growth potential, and long-term appreciation in prime Westwood.