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1527 Veteran Ave, Los Angeles, CA 90024
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1527 Veteran Ave Los Angeles, CA 90024

$5,250,000
  • 13 Beds
  • 16 Baths
  • 10,683 Sq.Ft.
For Sale
$5,250,000 Get Pre-Qualified
Map preview of 1527 Veteran Ave, Los Angeles, CA 90024

Property Overview: 1527 Veteran Ave Los Angeles, CA has 13 bedrooms, 16 bathrooms, 10,683 living square feet and 7,697 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Jonathan Taksa | BRE #01366169 | Remax Commercial and Investment Realty
Last checked: 8 minutes ago | Last updated: May 29th, 2024 | Source CRMLS | DOM: 35
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Home details

Lot Sq. Ft
7,697
HOA Dues
$0/mo
Year built
1986
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24394583
City
Los Angeles
County
Los Angeles
Time on Site
35 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,120
  • Total Rent: $9,361
  • Pro Forma/Market Rent: $11,994
Unit Breakdown 2
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,347
  • Total Rent: $16,733
  • Pro Forma/Market Rent: $19,990
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.07%
  • Gross Rent Multiplier: 15.75
  • Gross Scheduled Income: --
  • Net Operating Income: $213,681
  • Gross Operating Income: $333,396
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1527 Veteran Ave

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Property Details for 1527 Veteran Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • Has Fireplace
  • Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 16
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 8
  • Parcel Number: 4324023127
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Santa Monica Blvd, and Just South of Ohio Avenue
View more facts & features

Local Los Angeles Agent

Sale History for 1527 Veteran Ave

View property's historical transactions

  • May, 2024

  • May 21, 2024

    Date

    Active

    CRMLS: 24394583

    $5,250,000

    Price

Tax History for 1527 Veteran Ave

Assessed Value (2020): $3,084,176
Year Land Value Improved Value Assessed Value
2020 $1,814,225 $1,269,951 $3,084,176

Home Value Compared to the Market

This property vs the competition

1527 Veteran Ave is listed 320.34% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $491.43 per/sqft which puts the price per square foot 36.83% lower than the median price per square foot for the city of Los Angeles.

About 1527 Veteran Ave

Detailed summary of property

1527 Veteran Ave is a multi family located in Los Angeles, CA 90024 and is currently for sale. This multi family property offers 13 bedrooms, 16 bathrooms, roughly 10,683 living square feet, and sits on an approximately 7,697 square foot lot. 1527 Veteran Ave was first listed on ArdentRealEstateGroup.com on May 21, 2024. The homeowner is currently asking $5,250,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 320.34% higher than the median priced home. Local competing homes currently for sale include 9025 W 3rd St, 1975 S Corning St and 1100 S Corning St. While the average home in Los Angeles, CA is selling in 98 days, 1527 Veteran Ave has a days on market of 35 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 1527 Veteran Ave Los Angeles, CA 90024 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1527 Veteran Ave

Public county record property details
Beds
16
Baths
16
Year built
1986
Sq. Ft.
10,683
Lot Size
7,694
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
12
APN
4324-023-127

The source for these homes facts are from public records.

90024 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,395,000
Median List Price/Sq.Ft.
$826
Median Sold Price
$1,280,000
Median Sold Price/Sq.Ft.
$701
Total Inventory
173
Median Sale to List Price %
98.84%
Avg Days on Market
58
Loan Type
Conventional (3.85%), FHA (0%), VA (0%), Cash (19.23%), Other (0%)

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Recently Sold Homes Near 1527 Veteran Ave

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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