$1,875,000
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2536 Military Avenue Los Angeles, CA 90064
Cluster
Residence
5
Beds
4
Baths
2,451
Sq. Ft.
0.21
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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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.
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MLS#
24438905
Property Type
Cluster
Status
Bedrooms
5
Bathrooms
Year Built
1939
Square Feet
2,451
sq. ft
Lot Size
0.21
Stories
1.0
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