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Robert Mitchell

robert@robertmitchellgroup.com +1(559) 250-3442

$ 1,775,000

Est. payment | -/mo

5 Beds

4 Baths

2,451 SqFt

Save

$ 1,775,000

Est. payment | -/mo

Save

5 Beds

4 Baths

2,451 SqFt

OPEN HOUSE

Sat May 10, 3:00pm - 4:00pm

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,451 sqft

Price per Sqft $724

MLS Listing ID 25515801

Bedrooms 5

HOA Y/N No

Year Built 1939

Lot Size 9,269 Sqft

Property Description

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. Two units are vacant, including the owner's unit. For those looking to live on-site, the 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 Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Outside

Exterior

Parking Features Side By Side

Garage Spaces 4.0

Garage Description 4.0

Pool None

Attached Garage No

Total Parking Spaces 10

Private Pool No

Building

Entry Level One

Architectural Style Bungalow

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4256006019

Special Listing Condition Standard

Listed by Kristin Kanjo • Compass

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(559) 250-3442

robert@robertmitchellgroup.com

2536 Military AVE Los Angeles, CA 90064

Robert Mitchell

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Others

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2536 Military AVE