1645 Malcolm Avenue 302, Los Angeles, California 90024, Los Angeles, 90024 - 4 bed, 5 bath
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Los Angeles, California 90024
This rare 4-bedroom corner penthouse is a High-Potential Investment Opportunity, listed at $1,795,000—positioned well below the $2,074,770 Fair Market Value by 13%. This valuation gap provides $279,770 in Instant Equity. Boasting a Good Condition Rating, the 2,800+ sqft unit features a chef's kitchen, city views, and an extraordinary four secured parking spaces. Zoned for the top-rated Fairburn Elementary (9/10), this residence balances luxury living with significant financial upside. It is an ideal acquisition for Owner-Occupants or growing families seeking a turnkey Westwood sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1645 Malcolm Avenue 302 Subject | $1,795,000* List Price | 4 | 5 | 2,807 | $767 | - |
A 10580 Wilshire Boulevard 45 Sold | $2,100,000 | 3 | 4 | 2,765 | $759 | 0.7 mi |
B 10750 Wilshire Boulevard 1503 Sold | $2,149,200 | 3 | 4 | 2,699 | $796 | 0.5 mi |
C 10790 Wilshire Boulevard 1604 Sold | $2,189,000 | 3 | 4 | 2,740 | $799 | 0.5 mi |
D 10790 Wilshire Boulevard 1603 Sold | $2,100,000 | 2 | 3 | 2,790 | $753 | 0.5 mi |
E 10560 Wilshire 1805 Sold | $2,150,000 | 2 | 3 | 2,874 | $748 | 0.7 mi |
F 10600 Wilkins Avenue 3d Sold | $1,570,000 | 5 | 3 | 2,388 | $657 | 0.4 mi |
G 10724 Wilshire Boulevard 1106 Active | $1,749,500 List Price | 3 | 4 | 2,765 | $633 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and exceptionally well-maintained for its 1991 build date. The kitchen has been updated with high-end stainless steel appliances, including a Sub-Zero refrigerator and double ovens, along with stone countertops and a center island. The interior features quality hardwood flooring, recessed lighting, and multiple fireplaces. While some cabinetry and bathroom fixtures reflect a slightly older style, the overall lack of deferred maintenance and the high-quality finishes throughout the 2,800+ square foot penthouse justify a 'good' rating.
Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
Spanning over 2,800 square feet, this rare two-story corner penthouse features four ensuite bedrooms and a house-like floor plan that maximizes natural light and indoor-outdoor flow through multiple large balconies.
The inclusion of four secured parking spaces is an extraordinary rarity for the Westwood area, providing significant convenience and added long-term value for multi-vehicle households.
The $850 monthly association fee represents a substantial recurring expense that may impact the overall affordability and debt-to-income ratio for prospective buyers.
Being part of a limited 8-unit building constructed in 1991 means that any major capital improvements or repairs to the aging common areas are split among fewer owners, increasing the risk of high individual special assessments.
Incredibly Rare Opportunity for a 4 bed/4.5 bath Corner Unit 2-story Penthouse unit in prime North of Santa Monica Blvd. mid-block location in desired smaller 8-unit building. Stunning 2,800+sf unit that feels like a home and filled with incredible natural light with desired indoor-outdoor flow from each room to large balconies on each level. Double doors into formal entry with powder room opens to stunning open floor plan with high ceilings and wall of windows overlooking balcony. Spacious formal dining room with soffit ceiling opens to family room and living room, and double French doors to large front facing balcony, ideal for entertaining. Chef's kitchen with island, breakfast bar, gas range and double ovens and side door to Barbecue and outdoor seating area. All bedrooms with ensuite bathrooms, including 1 bedroom downstairs with built-in desk and 3 bedrooms upstairs, each with access to large balcony. Primary suite with fireplace and French door to front balcony, oversized walk-in closet and primary bathroom with 2 skylights, dual sinks, separate bath and shower. Additional features include upstairs open loft bonus space, hardwood flooring downstairs, 4-secured parking spaces, in-unit laundry room with storage, 3 fireplaces (living, family and primary suite). Common area includes sparkling pool/spa, sundeck, rec room and gym with sauna. Close proximity to UCLA, Westwood Village and Westwood Blvd. retail and restaurants, Bristol Farm, Century City Shopping Center and Beverly Hills. Fairburn Elementary. Move-in ready!
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 2.0 | 96% |
| Baths | 5.0 | 3.0 | 96% |
| Square foot | 2,807 | 1,721.5 | 84% |
| Lot Size | 12,502 | 34,697.5 | 14% |
| Price | $1.79M | $1.24M | 73% |
| Price per sq ft | $639 | $739 | 26% |
| Built year | 1991 | 1982 | 84% |
| HOA | $850.0 | $2.1K | 25% |
| Days on market | 85 | 155 | 15% |
Mar 23, 2026
$1,795,000
Initial Listing
Apr 1, 2014
$1,000,000
Public Record