Active

1938 Butler Ave

Los Angeles CA, 90025

$1,600,000


$264.59 per sqft

Active

0.14 Acres

Land

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.

25-478655

MLS ID

January 8, 2025

Listed

January 16, 2025

Updated

Map

1938 Butler Ave
Los Angeles CA, 90025

Exterior/Building Features

Lot Size

0.14 Acres


Sewer

In Street, On Site

Other Property Details

Area Name

West L.A.


Days on Market

8


Garage

No


View

Yes


View Description

Other


County

Los Angeles


Water Source

In Street, On Site


Pool

No


Zoning

LAR2

Listed by Meir Frydman with KW Advisors
Listing Contact: 818-462-3424 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Susan Coletti | CA DRE# 01939461 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2025 Combined L.A./Westside MLS. All rights reserved.

Data last updated 1/16/2025

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