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2536 Military Ave

Los Angeles, CA 90064
  • $1,875,000
  • STATUS: Active Under Contract
  • ON SITE: 146 Days
  • MLS #: 24-438905
Under Contract
UPDATED: 44 min ago
$1,875,000
  • 5
    BEDS
  • 0.21
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,451
    SQFT
  • $765
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1939
County:
Area:

School Ratings & Info

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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-07T09:42:43.14. 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.
www.searchdesertrealestate.com/homes/155125832
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2536 Military Ave Los Angeles, CA 90064

  • Price: $1,875,000
  • Status: Active Under Contract
  • On Site: 146 Days
  • Updated: 44 min ago
  • MLS #: 24-438905
5
Beds
4
Baths
0
½ Baths
0.21
Acres
2,451
SQFT
$765
$/SQFT
1939
Built
Neighborhood:
West L.A.
County:
Los Angeles
Area:
West L.A.
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.
Exterior Features

Levels One Lot Size Area 9268 Other Structures None Parking Garage None Total Parking 10

Interior Features

Cooling None Equipment None Heating None

Property Features

Disclosures None Gross Income 125952 Gross Operating Income 127224 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 87547.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 38711 Type Of Units 4 Year Built Source Vendor Enhanced Zoning LAR1

Listing provided courtesy of D. Timothy Byrne DRE#01186465 of Compass: 310-820-0195.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-07T09:42:43.14. 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.
 
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The John Jay Group - Bennion Deville Homes
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