The opportunity consists of a 2-unit apartment complex, each unit being a detached standalone structure. The front structure is a remodeled one-story building that is approximately 900 square feet. It consists of a 2 bedroom / 2 bathroom unit built in 1930. The back structure is a two-story building that is approximately 688 square feet. It consists of a 1 bedroom / 1 bathroom unit. The bottom floor has a two-car garage. There is also space between the two structures to park more vehicles if so desired. The investment is ideal both as an owner user opportunity, utilizing the front structure to live in and the back structure to rent out. Alternatively, one may also decide to rent both units to increase the cash flow of the property. The investment may also be utilized to develop the property. The ownership has plans that can be potentially renewed to build a three story 7,440 square foot 4 Unit (3 Units plus 1 ADU) over the existing 6,047 square foot lot. The project includes plans to build a three story three unit structure with an ADU. The total building structure would encompass 7,440 square feet. Unit 101 would be 2,995 square feet. Unit 102 (New ADU unit) would be 1,085square feet. Unit 201 would be 1,680 square feet. Unit 202 would be 1,680 square feet. The plans have since expired but may be renewed. Buyer to verify the plans and information provided herein. The property is conveniently located near the 405 and 10 freeways making it easier for commuting. It is within walking distance of the Metro ELine (Expo) at the Expo / Bundy Station stop. The apartment is within walking distance to a number of various amenities including cultural attractions, shopping centers, employment opportunities, and spiritual centers.
Property Details
Price:
$1,600,000
MLS #:
25478655
Status:
Active
Baths:
0
Address:
1938 Butler Avenue 4261028020
Type:
Land
Neighborhood:
wlawestlosangeles
City:
Los Angeles
Listed Date:
Jan 8, 2025
State:
CA
ZIP:
90025
Lot Size:
6,047 sqft / 0.14 acres (approx)
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Sewer
Other
Financial
Map
Community
- Address1938 Butler Avenue 4261028020 Los Angeles CA
- AreaWLA – West Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90025
Similar Listings Nearby
- 1412 Seabright Place 4356022004
Beverly Hills, CA$1,995,000
4.13 miles away
- 2401 Carmona Avenue 5063012067
Los Angeles, CA$1,700,000
4.80 miles away
- 1917 4th Street 4289011020
Santa Monica, CA$1,675,000
3.11 miles away
- 1579 LINDACREST Drive 4352006030
Beverly Hills, CA$1,495,000
4.71 miles away
- 10676 Somma Way 4370005019
Los Angeles, CA$1,485,000
3.52 miles away
- 3002 18th Street 4285018018
Santa Monica, CA$1,425,000
2.27 miles away
- 2420 Ocean Avenue 4228004021
Venice, CA$1,358,000
3.88 miles away
- 635 San Juan Avenue 4239024041
Venice, CA$1,324,099
3.37 miles away
Courtesy of KW Advisors. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.
1938 Butler Avenue 4261028020
Los Angeles, CA
LIGHTBOX-IMAGES