1541 Veteran Avenue is a well-maintained four-unit multifamily asset, situated on an oversized 8,500 SF lot ideally positioned in the highly sought-after Westwood submarket of Los Angeles, just over a mile from UCLA. The property benefited from a substantial, permitted upgrade and expansion in 2002. It offers an exceptional owner-user… Read More or value-add investment opportunity, with a spacious 3-bedroom, 3-bathroom owner's unit of approximately 1,600 SF to be delivered vacant at closing, providing flexibility for immediate occupancy or premium market-rate leasing. The remaining three units are large 2-bedroom units. 3 units have washer/dryer in unit and the 4th unit has dedicated exterior laundry room; some units feature fireplaces and roof top decks. This generous lot size accommodates four private garages with a total of eight on-site parking spaces. Moreover, the large lot size presents a prime ADU development opportunity, offering investors substantial potential for additional income and long-term appreciation through expansion. Combining immediate owner-occupancy potential and significant long-term upside, 1541 Veteran Avenue represents a rare Westside offering, positioned for future growth driven by its large lot size and proximity to UCLA and transit improvements. Read Less
Listing Snapshot
Days Online
13
Last Updated
Property Type
Other
Beds
9
Square Ft.
4,932
Lot Size
0.2 Acres
Year Built
1949
MLS Number
25613517
30 Days Snapshot Of 90024
$2.62M
+38%
(avg) sold price
26
+18%
homes sold
85
+7%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1949, Building area total: 4,932, Levels: MultiSplit, Living area: 4932, 1 building, Architectural style: MidCenturyModern
Fireplaces
LivingRoom
Floors
Wood
Heating
WallFurnace
Income
Gross income: $154,800, Net operating income: $94,097
Laundry
LaundryRoom
Lot
0.1952 acres, 8,502 square feet, Size: 8,502
Parking
4 open parking spaces, 8 totals parking, Assigned, Covered
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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