4-Unit on the Westside Under $2M 10366 Ashton Ave 4 Unit Apartment Building $1,998,000 ($499,500/Unit) 3.59% Cap Rate Los Angeles, CA 90024

Positioned in the heart of Westwood, 10366 Ashton Ave stands out as the only four-unit multifamily opportunity on the West Side offered under $2 million. This well-maintained, income-producing asset features four spacious units across 3,005 SF with a great mix of two 2-bed units and two studios. The property is a short distance to UCLA. Why pay rent for your son or daughter? Buy a 4 Plex that makes money for them.
A core appeal for value-add investors lies in the two detached garages, offering potential for the conversion to up to Four (1+1) ADU units, capitalizing on recent LA zoning changes and maximizing allowable density. With rents and property values in Westwood up nearly 9% year-over-year, this offering lets a buyer secure stable cash flow with substantial upside. The adjacent four at 10370 Ashton Ave, with a similar layout, is also available- upon request for buyers seeking scale or future assemblage, providing rare flexibility in portfolio planning.
This location enables superior tenant retention and rental premiums, thanks to proximity to UCLA, Century City, Westwood Village, and key transit arteries. Turnkey, scalable, and rare in today’s inventory-starved Westside market, 10366 Ashton Ave is perfectly positioned for both immediate yield and long-term appreciation in one of LA’s most desirable rental corridors