2536 Military Ave - Apartments FOR SALE


Los Angeles, CA 90064- West Los Angeles
$1,875,000 USD
310-801-3442
2536 Military Ave, Los Angeles, CA for Sale
$1,875,000 USD
Apartments - FOR SALE
1/13
null | 4.7% Cap Rate

2536 Military Ave
Los Angeles, CA 90064
West Los Angeles


HIGHLIGHTS

  • Owner's Unit 2+1 to be Delivered Vacant - Enclosed Yard
  • 2 Units Exempted from RSO
  • Very Desirable WLA
  • Separate Building w/ 4 garages & Additional 6 Car Parking
  • Oversized Lot - 9,268 SF (Zoning LAR1)
  • Detached 4 Garages - Potential ADU Conversion

OVERVIEW

West Los Angeles Owner-User -- Two units to be delivered vacant including the Owner 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

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$583 USD /SF

# OF UNITS

4

PRICE/UNIT

$468,750

CAP RATE

4.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Owner's Unit Delivered Vacant (Total 2 Units)

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1939

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,219 SF

ZONING

LAR1

APN/PARCEL ID

4256-006-019

ASK ABOUT THIS PROPERTY

Tim ByrneCOMPASS CommercialMore Info
310-801-3442

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Tim ByrneCOMPASS CommercialMore Info
310-801-3442

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