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.
Property Details
Price:
$1,875,000
MLS #:
24438905
Status:
Active Under Contract
Baths:
0
Address:
2536 Military Avenue
Type:
Residential Income
Neighborhood:
wlawestlosangeles
City:
Los Angeles
Listed Date:
Sep 12, 2024
State:
CA
ZIP:
90064
Lot Size:
9,268 sqft / 0.21 acres (approx)
Year Built:
1939
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Schools
Interior
Cooling
None
Heating
None
Exterior
Garage Spaces
4.00
Parking Features
None
Parking Spots
10.00
Financial
Map
Community
- Address2536 Military Avenue Los Angeles CA
- AreaWLA – West Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90064
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2536 Military Avenue
Los Angeles, CA
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