1541 Veteran AVE new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90024
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,932 sqft
Price per Sqft $567
MLS Listing ID 25613517
Bedrooms 9
Year Built 1949
Lot Size 8,502 Sqft
Property Description
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 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.
Location
State CA
County Los Angeles
Area C05 - Westwood - Century City
Zoning LAR3
Interior
Heating Wall Furnace
Flooring Wood
Fireplaces Type Living Room
Laundry Laundry Room
Exterior
Parking Features Assigned,Covered
Pool None
View Y/N Yes
View City Lights
Building
Story 3
Sewer Other
New Construction No
Others
Special Listing Condition Standard