4-Unit: 1541-1547 Veteran Ave. 1541-1547 Veteran Ave 4 Unit Apartment Building $2,800,000 ($700,000/Unit) 3.36% Cap Rate Los Angeles, CA 90025

541 Veteran Avenue is a well-maintained four-unit multifamily asset, situated on an oversized 8,500 SF lot zoned R3, 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 also 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 stable in-place income, immediate owner-occupancy potential and significant long-term upside, 1541 Veteran Avenue represents a rare Westside offering, positioned to outperform through strategic upgrades, market rent capture, or future development or ADU additions in one of LA’s most enduring resilient rental corridors.