tomo logo

$1,499,995

Beds
4
Baths
4.0
sq ft
2,233

1601 Veteran Ave Unit 301, Los Angeles, CA 90024

1601 Veteran Ave Unit 301

Los Angeles, CA 90024

  • <1 day on market
Westwood Penthouse Condo Investment Two Units, One Price! An exclusive fully leased income property featuring two penthouse 2-bed, 2-bath condos, each 1,118 sq. ft. (2,233 sq. ft. combined). One unit offers stunning panoramic views of the city skyline and snow-capped mountains.Currently generating $95,700 in annual gross income, with top-of-market lease rates: Unit #301 - $4,025/month (lease through 3/31/25) Unit #302 - $3,950/month (lease through 7/14/25) Both units feature modern upgrades, including engineered wood flooring, dual-pane windows, recessed lighting, in-unit washer/dryer, and stylish kitchens with LG stainless steel appliances, quartz countertops, and lacquered maple cabinets. Additional highlights: Three subterranean deeded parking spaces Private indoor storage closets & secure bike parking Pet-friendly building Prime Westwood location near UCLA, Century City, dining, shopping & easy freeway accessA turnkey investment with high rental demand, live in one unit and rent the other or capitalize on steady rental income in one of LA's most sought-after neighborhoods! Buyer to participate in 1031 exchange, at no cost to the buyer.

Details

Property type

Condominium

Est. home value

$1,430,289

Lot size

8,011 sq ft

Price per sq ft

$672

Year built

1971

Monthly HOA fee

$976

Price History

03/10/2025
CLAW

CLAW #25509211

Listed
$1,499,995
-14.29%
01/17/2025
CRMLS

CRMLS #PV24168966

Removed
$1,750,000
08/15/2024
CRMLS

CRMLS #PV24168966

Listed
$1,750,000

Schools & Community

Neighborhood: 

Westwood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Community Bank

Loan start date

November 2017

Original loan amount

$675,000

Est. remaining balance

Not provided

Interest rate

3.17%

Loan type

Credit Line (Revolving)

Seller

Ryan E Stearns and Debra Young Stearns

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/10/2025 at 5:30 PM

Listing updated: 03/10/2025 at 4:25 PM

Listed by: Laci Buller, Compass Phone #: (310) 820-0195

MLS: CLAW #25509211

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