Listing by: Meir Frydman, KW Advisors

0 Beds

n/a Full bath

n/aSqFt

Active

The opportunity consists of a 2-unit apartment complex, each unit being a detached standalone structure. The front structure is a remodeled one-story building that is approximately 900 square feet. It consists of a 2 bedroom / 2 bathroom unit built in 1930. The back structure is a two-story building that is approximately 688 square feet. It consists of a 1 bedroom / 1 bathroom unit. The bottom floor has a two-car garage. There is also space between the two structures to park more vehicles if so desired. The investment is ideal both as an owner user opportunity, utilizing the front structure to live in and the back structure to rent out. Alternatively, one may also decide to rent both units to increase the cash flow of the property. The investment may also be utilized to develop the property. The ownership has plans that can be potentially renewed to build a three story 7,440 square foot 4 Unit (3 Units plus 1 ADU) over the existing 6,047 square foot lot. The project includes plans to build a three story three unit structure with an ADU. The total building structure would encompass 7,440 square feet. Unit 101 would be 2,995 square feet. Unit 102 (New ADU unit) would be 1,085square feet. Unit 201 would be 1,680 square feet. Unit 202 would be 1,680 square feet. The plans have since expired but may be renewed. Buyer to verify the plans and information provided herein. The property is conveniently located near the 405 and 10 freeways making it easier for commuting. It is within walking distance of the Metro ELine (Expo) at the Expo / Bundy Station stop. The apartment is within walking distance to a number of various amenities including cultural attractions, shopping centers, employment opportunities, and spiritual centers.

Property Details
Price $1,600,000
Lot Size Area 6047
Lot Size Area Units Square Feet
Acres 0.1388
Property Type Land
Geographic Data
Directions The property is located at 1938 Butler Avenue, Los Angeles, CA 90025. It is in between Santa Monica Blvd and Olympic Blvd, just south of Sawtelle Blvd and north of S Barrington Avenue.
County Los Angeles
Latitude 34.040046
Longitude -118.446768
Market Area WLA - West Los Angeles
Address Information
Address 1938 Butler Avenue, Los Angeles, CA 90025
Postal Code 90025
City Los Angeles
State CA
Country United States
Listing Information
Listing Office KW Advisors
Listing Agent Meir Frydman
Special listing conditions Standard
MLS Information
Days on market 8
MLS Status Active
Listing Date Jan 8, 2025
Listing Last Modified Jan 16, 2025
Tax ID 4261028020
MLS Area WLA - West Los Angeles
MLS # 25478655

This information is believed to be accurate, but without any warranty.
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