Owner's Unit Delivered Vacant (Total 2 Units) | 2536 Military Ave
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Owner's Unit Delivered Vacant (Total 2 Units) 2536 Military Ave
4 Unit Apartment Building $2,706,000 CAD ($676,500 CAD/Unit) 4.70% Cap Rate Los Angeles, CA 90064
INVESTMENT HIGHLIGHTS
- Owner's Unit 2+1 to be Delivered Vacant - Enclosed Yard
- Very Desirable WLA
- Oversized Lot - 9,268 SF (Zoning LAR1)
- 2 Units Exempted from RSO
- Separate Building w/ 4 garages & Additional 6 Car Parking
- Detached 4 Garages - Potential ADU Conversion
EXECUTIVE SUMMARY
West Los Angeles Owner-User -- Two units to be delivered vacant including the Owner 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
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
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS Under Contract
| Price | $2,706,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $676,500 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 4.70% | Building Size | 3,217 SF |
| Gross Rent Multiplier | 14.7 | No. Stories | 1 |
| No. Units | 4 | Year Built | 1939 |
| Property Type | Multifamily | Parking Ratio | 3.11/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,706,000 CAD |
| Price Per Unit | $676,500 CAD |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| Gross Rent Multiplier | 14.7 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 3,217 SF |
| No. Stories | 1 |
| Year Built | 1939 |
| Parking Ratio | 3.11/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Walk-Up
- Smoke Detector
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Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 4256-006-019 | Improvements Assessment | $470,867 CAD |
| Land Assessment | $1,541,042 CAD | Total Assessment | $2,011,908 CAD |
PROPERTY TAXES
Parcel Number
4256-006-019
Land Assessment
$1,541,042 CAD
Improvements Assessment
$470,867 CAD
Total Assessment
$2,011,908 CAD
ZONING
| Zoning Code | LAR1 (Single-Family Residential Zone) |
| LAR1 (Single-Family Residential Zone) |
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Owner's Unit Delivered Vacant (Total 2 Units) | 2536 Military Ave
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