2536 Military Avenue
$1,875,000
5
4
2,451
2,451
$765
Listed By Compass
Description
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...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.
Listing Agents
Property Details for 2536 Military Avenue
Zoning
LAR1
Parcel Number4256006019
Total Units4.0
Living Area2451
Source Living AreaVendor Enhanced
AreaWest Los Angeles (WLA)
Vacancy Rate0
Lot Size Area9268
LISTING UPDATED: 11/06/2024 05:00 PM
Property Details for 2536 Military Avenue
Status | Active |
---|---|
MLS # | 24-438905 |
Days on Market | 61 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1939 |
Lot Size | 0.21 AC / 9,268 SF |
County | Los Angeles County |
Building Information for 2536 Military Avenue
Stories-Year Built1939Building Size-Lot Size0.21 AC / 9,268 SF
Property Information for 2536 Military Avenue
Property History for 2536 Military Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2536 Military Avenue
Taxable ValueLand$1,086,549Additions$331,996Total$1,418,545
Tax Record2024$17,471 ($1,456 / month)
Home Facts
Total Finished SqFt2,451 SqFtAbove Grade Finished SqFt2,451 SqFtLot Size9,265 SqFtStyleQuadraplexYear Built1939ZoningLAR1CountyLOS ANGELESAPN4256-006-019
Schools near 2536 Military Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Charter - | 9 to 12 | |||
Charter - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Overland Avenue Elementary School PublicK to 5 | ||
Daniel Webster Middle School Public6 to 8 | ||
University Senior High School Charter Charter9 to 12 | ||
Magnolia Science Academy 4 School Charter6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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