1938 Butler Ave - Apartments FOR SALE


Los Angeles, CA 90025- West Los Angeles
$1,600,000 USD
310-300-4844
1938 Butler Ave, Los Angeles, CA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

1938 Butler Ave
Los Angeles, CA 90025
West Los Angeles


HIGHLIGHTS

  • Vacant Duplex, Detached two separated structures
  • Updated Exterior renovations/improvements to the front building/Remodeled front unit with washer/dryer
  • Development Potential with plans to build 7,440 Sq.Ft. 4 Unit (3 Units+ 1 ADU) building
  • Owner User Opportunity with 30 year fixed residential financing available
  • Close proximity to 405 and 10 freeways for commuting
  • Walking distance to the Metro E Line (Expo) at the Expo / Bundy Station stop

OVERVIEW

The Frydman Group is pleased to present for sale a 2-unit apartment complex located at 1938 Butler Avenue, Los Angeles, CA 90025. The property is located between Santa Monica Blvd and Olympic Blvd, just south of Sawtelle Blvd and north of S Barrington Avenue. The opportunity consists of two detached structures. 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 1,085 square 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 E Line (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.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$1,008 USD /SF

# OF UNITS

2

PRICE/UNIT

$800,000

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1938 Butler Ave-Vacant 2 Unit/Development Opp

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,836 SF

ZONING

LAR2

APN/PARCEL ID

4261-028-020

ASK ABOUT THIS PROPERTY

Meir Mark FrydmanFrydman Group - Keller Williams CommercialMore Info
310-300-4844

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Meir Mark FrydmanFrydman Group - Keller Williams CommercialMore Info
310-300-4844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.