Price reduced by $100K now... Seller is motivated and ready to make a deal so bring us all offers! Here's a chance to own a fantastic West LA 4 unit property at 1433 Butler Avenue in a prime Westside location with a total lack of on-market inventory & a huge barrier to entry. The property features four studios in two charming detached bungalows with 1,464 total rentable SF. The current gross income is: $4,203/mth; $50,436/yr. Two of the units are at well below market rents so an astute investor can work out a relocation agreement with those tenants and add significant value by raising those rents to market. The property was built in 1929, and the property sits on a nice 2,500 sq. ft. corner lot zoned R3 with redevelopment potential to build a dream home or multiple condo units down the road (we're working with LADBS to see what you could build new presently). A+ Location in West LA/Sawtelle (90025) on the corner of Butler & Wyoming. The property is conveniently located just north of Santa Monica Blvd between Barrington & Sawtelle Blvd. There's ease of access with the 405 & 10 both in very close proximity. This property is located close to everything with Brentwood; Westwood; Sawtelle Japantown, Century City, and Santa Monica all a few minutes drive from the property. There's also a ton of restaurants/shops/bars within walking distance so this location has everything at your fingertips.

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May 10, 2017