2536 Military Ave, Los Angeles, CA 90064 – 24-438905

REQUEST A TOUR

In-PersonVirtual Tour

Marcia Alves

marcia@marciabrazil.com +1(702) 300-6969

$ 1,875,000

Est. payment | -/mo

5 Beds

4 Baths

2,451 SqFt

Save

$ 1,875,000

Est. payment | -/mo

Save

5 Beds

4 Baths

2,451 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,451 sqft

Price per Sqft $764

MLS Listing ID 24-438905

Bedrooms 5

Year Built 1939

Lot Size 9,268 Sqft

Acres 0.2128

Property Description

WLA Investment Opportunity ---- Investors looking for upside, this property offers value-add potential through rent increases, ADU conversion, and possible redevelopment - Updated Electrical and Excess Land Located on a spacious 9,268 SF lot, it is positioned near the new UCLA Research Park and the former Westside Pavilion, prime area undergoing revitalization. The property consists of four units: three one-bedroom, one-bath units, and one two-bedroom, one-bath unit, with two of the units exempt from the Los Angeles Rent Stabilization Ordinance (RSO), allowing for increased rental income potential. One standout feature is the oversized lot, which provides private outdoor space. The property includes four private garages and six additional uncovered parking spaces, offering a unique opportunity for conversion into an Accessory Dwelling Unit (ADU).Though the zoning has been down-zoned to R1, this could appeal to an experienced builder looking to redevelop the lot into a large single-family home with an ADU. The property is located in a desirable neighborhood with lush landscaping, a charming enclosed front patio, and California palm trees. It is conveniently close to the Expo Westwood/Rancho Park station, which provides easy access to downtown LA and Santa Monica. Additionally, the property is adjacent to a cross-city bike path, ideal for cycling enthusiasts. Residents will appreciate the highly rated Westwood Charter Elementary School and other nearby schools, making this a strong choice for family tenants. Overall, this fourplex offers significant upside potential for value-add investors in a high-demand Westside LA location.

Location

State CA

County Los Angeles

Area West L.A.

Zoning LAR1

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Garage None

Garage Spaces 10.0

Building

Level or Stories One

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Compass

+1(702) 300-6969

marcia@marciabrazil.com

1780 W Horizon Ridge Pkwy # 100, Henderson, NV, 89012, USA