1527 Veteran Avenue

Los Angeles, CA 90025

$5,250,000
Price
16
Beds
16
Baths
10,683 Sq. Ft.
$491 / Sq. Ft.
10,683
Sq. Ft.
$491
per Sq. Ft.

Description

We are 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) two story spacious...We are 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) two story 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 an 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. In close proximity 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.
  1. Listed by Jonathan Taksa • DRE #01366169 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 1527 Veteran Avenue

Zoning
LAR3
Parcel Number
4324023127
Total Units
8.0
Living Area
10683
Source Living Area
Assessor
Area
Westwood - Century City (C05)
Vacancy Rate
9394
Lot Size Area
7697

Location

Listing Courtesy of Remax Commercial and Investment Realty, Jonathan Taksa, DRE #01366169
Add your commute
LISTING UPDATED: 05/29/2024 12:01 AM

Property Details for 1527 Veteran Avenue

StatusActive
MLS #24-394583
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1986
Lot Size0.18 AC / 7,697 SF
CountyLos Angeles County

Location

Listing Courtesy of Remax Commercial and Investment Realty, Jonathan Taksa, DRE #01366169
Add your commute

Building Information for 1527 Veteran Avenue

Stories3Residences-Year Built1986Building Size-Lot Size0.18 AC / 7,697 SF

Payment Calculator

$32,025 per month

30 year fixed, 7.25% Interest

Principal and Interest

$28,651

Property Taxes

$3,374

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1527 Veteran Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: 1s,2s
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $333,396
  • Net Operating Income: $213,681.00
  • Gross Income: $313,128
  • Cap Rate: 4.07%
  • Gross Rent Multiplier: $15.75
  • Total Annual Expense: 110321
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1767
  • Lot Size Square Feet: 7697
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 16
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Multi/Split
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-21-2024
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,347.00
  • Unit Actual Rent: $16,733.00
  • Unit Projected Rent: $19,990.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,120.00
  • Unit Actual Rent: $9,361.00
  • Unit Projected Rent: $11,994.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,334,944.00
  • Assessed Improvement Percent: 41.18
  • Assessed Land Value: $1,907,073.00
  • Assessed Land Percent: 58.82
  • Assessed Total Value: $3,242,017.00

Property History for 1527 Veteran Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1527 Veteran Avenue

Taxable ValueLand$1,907,073Additions$1,334,944Total$3,242,017
Tax Record2023$40,489 ($3,374 / month)
Home Facts
Total Finished SqFt10,683 SqFtAbove Grade Finished SqFt10,683 SqFtLot Size7,694 SqFtStyleMulti-Family Res (5+ Units)Year Built1986ZoningLAR3CountyLOS ANGELESAPN4324-023-127

Schools near 1527 Veteran Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Charter - 6 to 8
Charter - 9 to 12
Rating
School
Distance
Fairburn Avenue Elementary School
PublicK to 5

Nora Sterry Elementary School
PublicK to 5

Emerson Community Charter School
Charter6 to 8

University Senior High School Charter
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1527 Veteran Avenue is a multi-family home for sale in Los Angeles, CA 90025. This property was listed for sale on May 21, 2024 by Remax Commercial and Investment Realty, it's currently listed at $5,250,000. It has been on the market for a total of 27 days and was last sold on June 6, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Fairburn Avenue Elementary School, Nora Sterry Elementary School and Emerson Community Charter School. 1527 Veteran Avenue is a 16-bed, 16-bath, 10,683 sqft multi-family home built in 1986.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Remax Commercial and Investment Realty, Jonathan Taksa, DRE #01366169

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.