CA > Los Angeles
Los Angeles, CA 90064,2536 Military Ave
Los Angeles, CA 90064,2536 Military Ave
Los Angeles, CA 90064,2536 Military Ave
14
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$1,875,000
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5 BD
4 BA
2,451 SqFt
Active

2536 Military Ave Los Angeles, CA 90064

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Juliana McCormick

Juliana McCormick

+1(702) 202-9709

UPDATED:

12/22/2024 11:25 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,451 sqft

Price per Sqft $764

MLS Listing ID 24-438905

Bedrooms 5

Year Built 1939

Lot Size 9,268 Sqft

Acres 0.2128

Property Description

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.

Location

State CA

County Los Angeles

Area West L.A.

Zoning LAR1

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features None

Garage Spaces 10.0

Building

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Compass

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Juliana McCormick

Realtor | RE.45715

+1(702) 202-9709

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2536 Military Ave