$1,499,995
For Sale

1601 Veteran Avenue #301

Los Angeles, CA 90024
2233 sqft | 4 beds | 4 baths | 0.18 acres | #25509211
Listing OfficeCompass
Browse 10 photos
Type:Purchase
Structure:Condo
Zone:Residential

Description

Westwood Penthouse Condo Investment Two Units, One Price! An exclusive fully leased income property featuring two penthouse 2-bed, 2-bath condos, each 1,118 sq. ft. (2,233 sq. ft. combined). One unit offers stunning panoramic views of the city skyline and snow-capped mountains.Currently generating $95,700 in annual gross income, with top-of-market lease rates: Unit #301 - $4,025/month (lease through 3/31/25) Unit #302 - $3,950/month (lease through 7/14/26) Both units feature modern upgrades, including engineered wood flooring, dual-pane windows, recessed lighting, in-unit washer/dryer, and stylish kitchens with LG stainless steel appliances, quartz countertops, and lacquered maple cabinets. Additional highlights: Three subterranean deeded parking spaces Private indoor storage closets & secure bike parking Pet-friendly building Prime Westwood location near UCLA, Century City, dining, shopping & easy freeway accessA turnkey investment with high rental demand, live in one unit and rent the other or capitalize on steady rental income in one of LA's most sought-after neighborhoods! Buyer to participate in 1031 exchange, at no cost to the buyer.

  • Property Details
      • InteriorWalkInClosets
      • CountyLos Angeles
      • Property SubtypeCondominium
      • ViewCityLights
      • Original List Price$1,499,995
      • Property TypePurchase
      • MLS #25509211
      • MLS #25509211
      • Cost1499995
      • Acres0.1839
      • Square Feet2233
      • Year Built1971
      • Hoa Fees976
      • Pets AllowedYes
      • Bedrooms4
      • Bathrooms4
      • Full Baths4
      • Stories4

Location

Rami ElminoufiReal Estate Group
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