1541 Veteran Avenue, Los Angeles, CA

Multi-family for Sale - $2,800,000 - 4,932 Sq. Ft. on 0.2 acres


Agent Info

Eric Sackler
Coldwell Banker Realty

Property Info

CIMLS#1184314
Location
  1541 Veteran Avenue
  Los Angeles CA 90024
UpdatedNovember 22nd, 2025
TypeMulti-family
Price$2,800,000
Building4,932 Sq. Ft.
Land0.2 acres

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.


Financials



Similar Listings