1541 Veteran Avenue

About this listing

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.

HIGHLIGHTS

• Well-maintained multifamily p roperty in a prime Westside micro-market, offering stable in-place income and clear value-add potential on a large 8,502 SF lot - Stong ADU candidate. Owner’s Unit – Spacious 3-bedroom, 3-bath unit approx 1,600 SF to be delivered vacant at close of escrow Desirable Unit Features – Large units with hardwood floors, high ceilings, outdoor areas, and washer/dryers (three in-unit, one dedicated outside). Strategic Location – On Veteran Avenue, with direct access to key arteries and transit corridors linking to Westwood, Century City, and beyond Strong Rental Demand – High demand persistently driven by proximity to UCLA, Westside employers, and local amenities Employment Hub Access – Minutes to major centers including UCLA, Century City, Beverly Hills, and adjacent creative/tech districts. Transit & Commute Friendly – Excellent transit options and connectivity via major streets, supporting both transit and driving tenants Lifestyle & Amenities – Surrounded by retail, restaurants, parks, and cultural destinations that bolster tenant appeal and support premium rents. Market Resilience – Part of LA’s strong Westside multifamily corridor, characterized by ongoing investment, stable fundamentals, and long-term value retention