2536 Military Avenue, Los Angeles, CA 90064
-
Listed Price :
$1,875,000
-
Beds :
5
-
Baths :
4
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Property Size :
2,451 sqft
-
Year Built :
1939
Property Description
West Los Angeles Owner-User, Two units to be delivered Vacant, including the owner's unit, - Investor Opportunity -- This versatile fourplex in West Los Angeles is an exceptional find for both owner-users and investors, offering significant upside potential in a high-demand location. For those looking to live on-site, the soon-to-be vacant "Owner's Unit" provides a unique opportunity. This spacious 2-bedroom, 1-bath residence, located at the rear of the property, includes a private entrance, an enclosed yard, a garage, and two additional parking spaces. It is an ideal choice for families or individuals who want the comfort of a single-family home with the benefit of rental income from the other units to help offset expenses. For investors, the property offers substantial value-add opportunities. Two of the units are exempt from the Los Angeles Rent Stabilization Ordinance (RSO), allowing for greater rental income potential. Additional value can be created by an accessory dwelling unit (ADU) conversion, as the property includes a free-standing garage structure and six uncovered parking spaces. The 9,268-square-foot lot provides further redevelopment possibilities, appealing to experienced developers who may envision creating a large single-family home with an ADU, provided by the LAR1 zoning. This property stands out in a prime location undergoing revitalization, close to the new UCLA Research Park, the recently transformed Westside Pavilion. The property features lush landscaping, an enclosed front patio, and California palm trees which enhances the curb appeal. Residents will appreciate the proximity to the Expo Westwood/Rancho Park station, providing convenient access to Downtown Los Angeles and Santa Monica. Cyclists will enjoy the adjacent cross-city bike path.
Interior Features
| Bedroom Information |
| Bedrooms |
5 |
| Bathroom Information |
| Bathrooms |
4 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
2536 Military Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90064 |
| County |
Los Angeles |
| Listing Agent |
D. Timothy Byrne DRE #01186465 |
| Co-Listing Agent |
Kristin Kanjo DRE #02048290 |
| Courtesy Of |
Compass |
| List Price |
$1,875,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
2,451 |
| Lot Size |
9,268 |
| Year Built |
1939 |
Listing information courtesy of: D. Timothy Byrne, Kristin Kanjo, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 23rd, 2024 at 12:34 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
