2536 Military Ave Los Angeles, CA 90064
Rancho Park NeighborhoodEstimated payment $11,344/month
Total Views
1,214
5
Beds
4
Baths
2,451
Sq Ft
$724
Price per Sq Ft
Highlights
- 4 Car Garage
- Side by Side Parking
- 1-Story Property
- Overland Avenue Elementary School Rated A
- Bungalow
- Ceiling Fan
About This Home
This versatile fourplex in West Los Angeles is an exceptional find for both owner-users and investors, offering significant upside potential in a high-demand location. Two units are vacant, including the owner's unit. For those looking to live on-site, the vacant "Owner's Unit" provides a unique opportunity. This spacious 2-bedroom, 1-bath residence, located at the rear of the property, includes a private entrance, an enclosed yard, a garage, and two additional parking spaces. It is an ideal choice for families or individuals who want the comfort of a single-family home with the benefit of rental income from the other units to help offset expenses. For investors, the property offers substantial value-add opportunities. Two of the units are exempt from the Los Angeles Rent Stabilization Ordinance (RSO), allowing for greater rental income potential. Additional value can be created by an accessory dwelling unit (ADU) conversion, as the property includes a free-standing garage structure and six uncovered parking spaces. The 9,268-square-foot lot provides further redevelopment possibilities, appealing to experienced developers who may envision creating a large single-family home with an ADU, provided by the LAR1 zoning. This property stands out in a prime location undergoing revitalization, close to the new UCLA Research Park, the recently transformed Westside Pavilion. The property features lush landscaping, an enclosed front patio, and California palm trees which enhances the curb appeal. Residents will appreciate the proximity to the Expo Westwood/Rancho Park station, providing convenient access to Downtown Los Angeles and Santa Monica. Cyclists will enjoy the adjacent cross-city bike path.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,471
Year Built
- Built in 1939
Lot Details
- 9,268 Sq Ft Lot
Parking
- 4 Car Garage
- 6 Open Parking Spaces
- Side by Side Parking
Home Design
- Bungalow
Interior Spaces
- 2,451 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Laundry Located Outside
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 4256-006-019
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $17,471 | $1,418,545 | $1,086,549 | $331,996 |
| 2023 | $17,137 | $1,390,732 | $1,065,245 | $325,487 |
| 2022 | $16,346 | $1,363,463 | $1,044,358 | $319,105 |
| 2021 | $16,143 | $1,336,730 | $1,023,881 | $312,849 |
| 2019 | $15,662 | $1,297,084 | $993,513 | $303,571 |
| 2018 | $15,566 | $1,271,652 | $974,033 | $297,619 |
| 2016 | $14,888 | $1,222,274 | $936,211 | $286,063 |
| 2015 | $14,671 | $1,203,916 | $922,149 | $281,767 |
| 2014 | $14,738 | $1,180,334 | $904,086 | $276,248 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/28/2025 04/28/25 | Price Changed | $1,775,000 | -1.1% | $724 / Sq Ft |
| 04/25/2025 04/25/25 | Price Changed | $1,795,000 | -1.9% | $732 / Sq Ft |
| 03/24/2025 03/24/25 | For Sale | $1,830,000 | +55.7% | $747 / Sq Ft |
| 02/25/2013 02/25/13 | Sold | $1,175,000 | +6.8% | $479 / Sq Ft |
| 12/17/2012 12/17/12 | Pending | -- | -- | -- |
| 11/30/2012 11/30/12 | For Sale | $1,100,000 | -- | $449 / Sq Ft |
Source: The MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $1,175,000 | Lawyers Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $822,500 | New Conventional | |
| Previous Owner | $557,500 | Unknown | |
| Previous Owner | $155,000 | Unknown |
Source: Public Records
Similar Homes in the area
Source: The MLS
MLS Number: 25515801
APN: 4256-006-019
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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