Under contract
2536 Military Ave
Los Angeles CA, 90064
$1,875,000
$764.99 per sqft
Under contract
5 Beds
4 Baths
2,451 sqft
Multi-family
Built in 1939
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.
24-438905
MLSⓇ ID
September 12, 2024
Listed
January 29, 2025
Updated
Map
2536 Military Ave
Los Angeles CA, 90064
Interior Features
Total Stories
0
Bedrooms
5
Total Bathrooms
4
Appliances
None
Fireplace
No
Cooling
No
Cooling Description
None
Heating
No
Heating Description
None
Exterior/Building Features
Lot Size
0.21 Acres
Other Property Details
Area Name
West L.A.
Days on Market
130
Garage
Yes
Garage Spaces
4
Parking
None
Parking Total
10
View
No
County
Los Angeles
Pool
No
Zoning
LAR1
Listing History
Date | Event | Price |
---|---|---|
1/29/2025 | Under contract | — |
Listed by D. Timothy Byrne with Compass
Listing Contact: 310-801-3442
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Fitzgerald Walker Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2025 Combined L.A./Westside MLS. All rights reserved.
Data last updated 1/29/2025