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2536 Military Avenue
Los Angeles, CA 90064
WLA Investment Opportunity ---- Investors looking for upside, this property offers value-add potential through rent increases, ADU conversion, and possible redevelopment - Updated Electrical and Excess Land Located on a spacious 9,268 SF lot, it is positioned near the new UCLA Research Park and the former Westside Pavilion, prime area undergoing revitalization. The property consists of four units: three one-bedroom, one-bath units, and one two-bedroom, one-bath unit, with two of the units exempt from the Los Angeles Rent Stabilization Ordinance (RSO), allowing for increased rental income potential. One standout feature is the oversized lot, which provides private outdoor space. The property includes four private garages and six additional uncovered parking spaces, offering a unique opportunity for conversion into an Accessory Dwelling Unit (ADU).Though the zoning has been down-zoned to R1, this could appeal to an experienced builder looking to redevelop the lot into a large single-family home with an ADU. The property is located in a desirable neighborhood with lush landscaping, a charming enclosed front patio, and California palm trees. It is conveniently close to the Expo Westwood/Rancho Park station, which provides easy access to downtown LA and Santa Monica. Additionally, the property is adjacent to a cross-city bike path, ideal for cycling enthusiasts. Residents will appreciate the highly rated Westwood Charter Elementary School and other nearby schools, making this a strong choice for family tenants. Overall, this fourplex offers significant upside potential for value-add investors in a high-demand Westside LA location.
PROPERTY INFORMATION
| MLS # | 24438905 | Lot Size | 9,268 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,875,000
Price Per SqFt: $ 765 |
DOM | 233 Days |
| Address | 2536 Military Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 2,451 Sq. Ft. |
| Postal Code | 90064 | Garage | 4 |
| County | Los Angeles | Year Built | 1939 |
| Bed / Bath | 5 / 0 | Parking | 10 |
| Built In | 1939 | Status | Active |
INTERIOR FEATURES
| Has Appliances | Yes |
| Has Heating | No |
| Heating Information | None |
| Has Cooling | No |
| Cooling Information | None |
EXTERIOR FEATURES
WALKSCORE
Walk Score: 74 (Very Walkable)
Transit Score: 70 (Excellent Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,000
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 09/12/2024 | Relisted | $1,875,000 |
| 09/12/2024 | Listed | $1,950,000 |
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Listing provided courtesy of D. Timothy Byrne, Compass. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
