2536 Military Avenue, Los Angeles, CA 90064
-
Listed Price :
$1,950,000
-
Beds :
5
-
Baths :
4
-
Property Size :
2,451 sqft
-
Year Built :
1939
Property Description
WLA Investment Opportunity ---- Investors looking for upside, this property offers value-add potential through rent increases, ADU conversion, and possible redevelopment. Located on a spacious 9,268 SF lot, it is positioned near the new UCLA Research Park and the former Westside Pavilion, prime area undergoing revitalization. The property consists of four units: three one-bedroom, one-bath units, and one two-bedroom, one-bath unit, with two of the units exempt from the Los Angeles Rent Stabilization Ordinance (RSO), allowing for increased rental income potential. One standout feature is the oversized lot, which provides private outdoor space. The property includes four private garages and six additional uncovered parking spaces, offering a unique opportunity for conversion into an Accessory Dwelling Unit (ADU).Though the zoning has been down-zoned to R1, this could appeal to an experienced builder looking to redevelop the lot into a large single-family home with an ADU. The property is located in a desirable neighborhood with lush landscaping, a charming enclosed front patio, and California palm trees. It is conveniently close to the Expo Westwood/Rancho Park station, which provides easy access to downtown LA and Santa Monica. Additionally, the property is adjacent to a cross-city bike path, ideal for cycling enthusiasts. Residents will appreciate the highly rated Westwood Charter Elementary School and other nearby schools, making this a strong choice for family tenants. Overall, this fourplex offers significant upside potential for value-add investors in a high-demand Westside LA location.
Interior Features
| Bedroom Information |
| Bedrooms |
5 |
| Bathroom Information |
| Bathrooms |
4 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
2536 Military Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90064 |
| County |
Los Angeles |
| Listing Agent |
D. Timothy Byrne DRE #01186465 |
| Co-Listing Agent |
Kristin Kanjo DRE #02048290 |
| Courtesy Of |
Compass |
| List Price |
$1,950,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
2,451 |
| Lot Size |
9,268 |
| Year Built |
1939 |
Listing information courtesy of: D. Timothy Byrne, Kristin Kanjo, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 20th, 2024 at 12:15 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
