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Westwood Exempt from LA City Rent Control 1527 Veteran Ave 8 Unit Apartment Building $4,995,000 ($624,375/Unit) 5.01% Cap Rate Los Angeles, CA 90024
Investment Highlights
- Premier Westwood Location
- Incredible Unit Mix
- 2 Parking Spaces Per Unit
- Exempt from City Rent Control (AB 1482 Applies)
- Significant Rental Upside
- Many Upgraded Units
Executive Summary
Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is 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) twostory 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 a secure 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.
Within walking distance 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.
Many interiors have been finished with beautiful wood flooring, modern cabinetry, and upgraded kitchens and bathrooms. The building offers its residents a secure 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.
Within walking distance 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.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$360,041
|
$33.70
|
| Other Income |
$20,400
|
$1.91
|
| Vacancy Loss |
$10,801
|
$1.01
|
| Effective Gross Income |
$369,640
|
$34.60
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$119,504
|
$11.19
|
| Net Operating Income |
$250,136
|
$23.41
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $360,041 |
| Annual Per SF | $33.70 |
| Other Income | |
|---|---|
| Annual | $20,400 |
| Annual Per SF | $1.91 |
| Vacancy Loss | |
|---|---|
| Annual | $10,801 |
| Annual Per SF | $1.01 |
| Effective Gross Income | |
|---|---|
| Annual | $369,640 |
| Annual Per SF | $34.60 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $119,504 |
| Annual Per SF | $11.19 |
| Net Operating Income | |
|---|---|
| Annual | $250,136 |
| Annual Per SF | $23.41 |
Property Facts
| Price | $4,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $624,375 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 5.01% | Building Size | 10,683 SF |
| Gross Rent Multiplier | 13.13 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Parking Ratio | 0.66/1,000 SF |
| Zoning | R3-1, City of L.A. | ||
| Price | $4,995,000 |
| Price Per Unit | $624,375 |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Gross Rent Multiplier | 13.13 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 10,683 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1986 |
| Parking Ratio | 0.66/1,000 SF |
| Zoning | R3-1, City of L.A. |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Fireplace
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Freezer
- Intercom
Site Amenities
- Controlled Access
- Laundry Facilities
- Gated
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 5 | - | 1,300 |
| 1+2 | 3 | - | 1,300 |
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4324-023-127 | Improvements Assessment | $1,040,400 (2025) |
| Land Assessment | $3,017,160 (2025) | Total Assessment | $4,057,560 (2025) |
Property Taxes
Parcel Number
4324-023-127
Land Assessment
$3,017,160 (2025)
Improvements Assessment
$1,040,400 (2025)
Total Assessment
$4,057,560 (2025)
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Westwood Exempt from LA City Rent Control | 1527 Veteran Ave
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