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$1,875,000

Beds
5
sq ft
2,451

2536 Military Ave, Los Angeles, CA 90064

2536 Military Ave

Los Angeles, CA 90064

  • 100 days on market
    • Price drop $75,000↓
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.

Details

Property type

Lot size

9,268 sq ft

Price per sq ft

$765

Year built

1939

HOA

No

Price History

11/07/2024
CLAW

CLAW #24438905

Listed
$1,875,000
10/29/2024
CLAW

CLAW #24438905

Removed
$1,875,000
09/26/2024
CLAW

CLAW #24438905

Price change
$1,875,000
-3.85%

Schools & Community

Neighborhood: 

Cheviot Hills

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/22/2024 at 4:35 AM

Listing updated: 12/05/2024 at 3:15 AM

Listed by: D. Timothy Byrne, Compass Phone #: (310) 820-0195

MLS: CLAW #24438905

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