14
See all 14 photos
$1,875,000
Est. payment /mo
5 BD
4 BA
2,451 SqFt
Active
2536 Military AVE Los Angeles, CA 90064
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UPDATED:
12/05/2024 03:51 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,451 sqft
Price per Sqft $764
MLS Listing ID 24438905
Bedrooms 5
HOA Y/N No
Year Built 1939
Lot Size 9,269 Sqft
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.
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Zoning LAR1
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features None
Garage Spaces 4.0
Garage Description 4.0
Total Parking Spaces 10
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4256006019
Special Listing Condition Standard
Listed by D. Timothy Byrne • Compass
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