Price Reduced Listing
2621 Veteran Avenue,Los Angeles, CA 90064
Los Angeles, CA 90064
Description
A thoughtfully reimagined Westside property offering the rare combination of design, location, and immediate income, 2621 Veteran Ave presents an exceptional investment opportunity in the heart of West Los Angeles/Rancho Park. The property features a beautifully updated three-bedroom, two-bathroom main residence plus two newly constructed income-producing units, creating a compelling asset for investors, owner-users, or those seeking to offset their cost of ownership with substantial rental income. The main residence has been transformed into a sophisticated and inviting home, balancing contemporary design with the effortless indoor-outdoor lifestyle synonymous with Southern California. A refined palette of finishes, smooth-coat stucco, dual-pane windows, zoned climate control, and a wood-burning fireplace create a polished yet comfortable environment. The galley-style kitchen features crisp quartz surfaces and seamless pass-through counter seating, opening directly to an expansive dining and living area. The private backyard provides a generous outdoor setting for entertaining, relaxing, or creating a personalized garden retreat, along with additional storage. The investment potential is equally compelling. The main residence is currently leased for $7,100 per month, while the newly constructed detached building provides two additional rental units: a two-bedroom, one-and-a-half-bath residence leased for $3,500 per month and an upstairs one-bedroom, one-bath residence leased for $2,800 per month. Together, the property generates $13,400 per month, or $160,800 in annual rental income, offering investors immediate, in-place cash flow across three separate residences. Each additional unit has been designed with privacy and functionality in mind. The two-bedroom residence features an open living room and kitchen configuration with its own private side patio, while the upper one-bedroom residence enjoys a covered approximately 100-square-foot patio overlooking its serene surroundings.Thoughtful infrastructure improvements further enhance the property's appeal, including a brand-new sewer line, dedicated utility metering, and individual solar arrays serving the additional units. The result is a turnkey, income-producing Westside asset with multiple avenues for long-term value creation.Whether held as a pure investment, occupied as a primary residence with significant rental income, or acquired as a multigenerational property, 2621 Veteran Ave offers an unusually compelling combination of location, quality, and income-producing potential in one of Los Angeles' most desirable Westside neighborhoods.
Details
| MLS # | 26997885 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1939 |
| Days On Site | 14 |
| Listing Provided By | Compass | Federico Rolon |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 5 |
| SQ Feet | 2,639 |
| Car Port | Yes |
| Units | 3 |
| Building(s) | 2 |
| Zoning | LAR1 |
| Acreage | 0.14 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Appliances | Dishwasher, Refrigerator |
Parking
| Parking Features | Carport, Driveway |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90064 |
| Area | WLA West Los Angeles |
| Listing VS Median (in 90064) | |
Price: $3,120,000 low | high Med: $1,354,000 sqft: 2,639 low | high Med: 1,846 $ / sqft: $1,182 low | high Med: $825 On site: 14 low | high Med: 190 | |
Market Activity 90064
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90064 |
| Area | WLA West Los Angeles |
| Listing VS Median (in 90064) | |
Price: $3,120,000 low | high Med: $1,354,000 sqft: 2,639 low | high Med: 1,846 $ / sqft: $1,182 low | high Med: $825 On site: 14 low | high Med: 190 | |
 | $2,595,0002725 Midvale AvenueLos Angeles, CA 90064 |