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. Two units are vacant, including the owner's unit. For those looking to live on-site, the vacant Owner's Unit provides a unique opportunity. This spacious 2-bedroom, 1-bath… Read More 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. Read Less
Courtesy of Compass 310-820-0195
Listing Snapshot
Days Online
38
Last Updated
Property Type
Other
Beds
5
Square Ft.
2,451
Lot Size
0.21 Acres
Year Built
1939
MLS Number
25515801
30 Days Snapshot Of 90064
$2.43M
-5%
(avg) sold price
18
+5%
homes sold
88
+109%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
2,451 sq ft, Built in 1939, Levels: One, Attached, Bungalow
Cooling
Ceiling Fan, Wall/Window
Disclosures
None
Fireplaces
None
Garage
4 total garage spaces, Garage - 4+ Car, Garage Is Detached, Side By Side
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