At Maher Commercial Realty, we’re proud to announce the successful sale of a well-maintained 8-unit residential building in one of Los Angeles’ most desirable neighborhoods: Westwood. As a team dedicated to delivering excellent results for our clients, we represented the seller in this transaction, securing a multiple offer situation that underscores the continued demand for high-quality investment properties in this prime location.
For More Information Visit: https://cr.mahercr.com/1906malcolm
A Look at the Property
This property offers an ideal mix of units, combining 4 spacious 2-bedroom/2-bath units with 4 well-appointed 1-bedroom units. With long-term tenants averaging 5 years of tenancy, this building presents an excellent opportunity for a hands-on investor looking to benefit from a well-established, cash-flowing asset.
In addition, the property includes 15 parking spaces, an essential feature in Westwood’s competitive rental market, where parking can often be a premium. These amenities, combined with the high-demand location, make this a highly attractive investment opportunity.
Key Property Highlights:
- Unit Mix: 4 x 1 bed/1 bath, 4 x 2 bed/2 bath
- Vacancy Rate: Sold with two vacant units
- Year Built: 1963
- Zoning: LAR3
- Walk Score: 90 (Walker’s Paradise!)
- Parking Spaces: 15 (7 tandem tuck-under + additional open spot)
- Cap Rate: 4.7%
- Gross Rent Multiplier (GRM): 13.17
- Price per Sq Ft/Building: $553 psf
- Individually Metered Utilities
- Family-Owned for Over 20 Years, with excellent curb appeal and mature landscaping
The property is strategically located near key Los Angeles destinations, including UCLA, Century City, and Beverly Hills, offering tenants easy access to shopping, dining, and entertainment. For investors, the location provides convenient proximity to the 405 Freeway, making commuting a breeze.
Why This Sale Is Significant
This sale serves as a strong indicator of the enduring demand for well-positioned, well-maintained multifamily properties in Westwood. The combination of a desirable unit mix, long-term tenants, and a prime location near major hubs like UCLA makes this property a standout investment. The building’s high walk score and close proximity to public transit further enhance its appeal, particularly in a market where location plays a critical role in tenant retention and rental rates.
Additionally, the cap rate of 4.7% and GRM of 13.17 reflect the potential for strong returns in a high-demand market. The price per square foot of $553 psf is competitive for the area, and the 15 parking spaces provide a valuable benefit in this densely populated neighborhood.
A Successful Transaction for All Parties
We are thrilled to have facilitated this transaction and congratulate both the buyer and the seller on the successful closing of the deal. Whether you are a seasoned investor or new to multifamily real estate, this sale exemplifies the types of opportunities available in the Los Angeles market—an area with strong demand, appreciating values, and a diverse range of investment options.
Looking for Your Next Investment?
If you’re interested in exploring similar opportunities or have questions about the multifamily real estate market in Los Angeles, don’t hesitate to get in touch. At Maher Commercial Realty, we specialize in connecting investors with prime properties that offer long-term growth potential.
Let’s connect and discuss how we can help you find your next investment!
