See Home Value
$1,739,900*
Multifamily - Off Market

1953 Butler Avenue

Los Angeles, CA 90025
bedrooms
Studio
bathrooms
0 Bath
$1,395,000 - $1,705,000
Reference Base Price*
12.25%
Since Nov 1, 2021
CA-Los Angeles
Primary Model

About This Property

Investors, Developers and Home Owners will love this incredible opportunity to own this amazing property with approved plans for a 1200 square foot ADU unit with modern architecture. This location has amazing potential as an income producing property. This home is in a prime West LA location situated between Santa Monica, Century City and Westwood. The owner has already secured all the permits for the ADU. The build out has commenced with grading, footings and framing. Seller is willing to partner with investor/buyer to finish the ADU over the next 3 to 4 months and share in the profit margins. Potential ARV after completion of ADU based on current apraissal is 2.7 Million. In addition the front house can be torn down and rebuilt to quadruple the current square footage on the existing home and further increase the ARV. Seller is also willing to continue the completion of the ADU for $275 a square foot. Estimated/Expected Subject to Completion Value is $2,900,000 based on apraissal report dated November 6, 2019
Unit Size
-
Days on Market
-
Land Size
0.11 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1948

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Mar 31, 2020 In contract -
In contract
Mar 25, 2020 Relisted $1,550,000
Relisted
Mar 19, 2020 No longer available -
No longer available
Mar 11, 2020 No longer available -
No longer available
Show More

Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
1 Bath
1,186 ft²
$1,433/ft²
$1,699,000 Jan 23, 2023
-
-
Condo
2 Beds
2.5 Baths
1,539 ft²
$871/ft²
$1,340,000 Nov 8, 2022
-
$567/mo
Townhouse
3 Beds
3 Baths
1,830 ft²
$708/ft²
$1,295,000 Jan 5, 2023
-
$520/mo
House
2 Beds
1 Bath
1,075 ft²
$1,192/ft²
$1,281,500 Dec 1, 2022
-
-
Condo
2 Beds
2 Baths
1,285 ft²
$972/ft²
$1,249,000 Jan 6, 2023
-
$582/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200115
01/15/2020
Studio
-
-
$1,550,000
bedrooms
Studio
bathrooms
-
-
-
-
-
20190611
06/11/2019
2 Bed
1 Bath
750 ft²
$1,550,000
bedrooms
2 Bed
bathrooms
1 Bath
square feet
750 ft²
-
-
-
-
20181106
11/06/2018
2 Bed
1 Bath
750 ft²
$1,175,000
bedrooms
2 Bed
bathrooms
1 Bath
square feet
750 ft²
-
-
-
-

Building Info

1953 Butler Avenue 1953 Butler Avenue, Los Angeles, CA 90025
More about this Building
1953 Butler Avenue
Want to find out who owns 1953 Butler Avenue, Los Angeles, CA 90025? Get detailed property transactions here .

About West Los Angeles


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