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32928610
32928612

1527 VETERAN AVE, LOS ANGELES, CA 90024 For Sale

JT
CA # 01366169
Taksa Investment Group
Listed by Taksa Investment Group
$4,995,000
54 days on market
Updated 41 days ago

Prime Westwood Exempt from RSO Rent Control

Details
APN 4324-023-127
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,683
Units 8
Cap Rate 5.09%
Price per SqFt $468
Year Built 1986
Lot Size (SqFt) 7,694

8 Units Exempt from City Rent Control

Marketing description

Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present for sale 1527 Veteran Avenue, an 8-unit property ideally located in the heart of LA’s vibrant Westside. The building was built in 1986, and as such, is NOT subject to the City of Los Angeles Rent Stabilization Ordinance (AB 1482 applies). The property consists of one building with three floors of residential units over one level of gated parking (exempt from seismic soft story retrofit). The ideal unit mix consists of (5) 2-bedroom, 2-bathroom units and (3) twostory spacious 1-bedroom, 2-bathroom units with lofts. Many interiors have been finished with beautiful wood flooring, modern cabinetry, and upgraded kitchens and bathrooms. The building offers its residents a secure intercom entry, balconies, fireplaces, beautiful landscaping, an on-site laundry room, and ample gated parking (8 tandem spaces for a total of 16 spots). Each unit has a fireplace, central HV/AC, large bedrooms, and a dynamite floor plan flooded with natural light. Within walking distance to some of the best high-end dining and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.

Investment highlights

Premier Westside location

Rare 1980s vintage property NOT subject to LA City rent control (AB 1482 applies)

Significant rental upside

Incredible unit mix of all very large 1 and 2-bedroom units (1-bedroom units have 2 bathrooms and a loft)

Ample gated parking (16 spaces for 8 units)

Central HV/AC, fireplaces, balconies, and luxuriously upgraded interiors

In close proximity to high-end dining, shopping, and nightlife

Listing Contacts

JT
CA # 01366169
Taksa Investment Group
Listed by Taksa Investment Group

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Additional Information

Name
Jonathan Taksa
License
# 01366169
Brokerage
RE/MAX Commercial
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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