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
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Data last updated 1/16/2025