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Map
$1,739,900*
●
Multifamily -
Off Market
1953 Butler Avenue
Los Angeles, CA 90025
Studio
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 |
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Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
Condo
2
Beds
2.5
Baths
1,539 ft²
$871/ft²
$1,340,000
Nov 8, 2022
-
$567/mo
In Contract
Townhouse
3
Beds
3
Baths
1,830 ft²
$708/ft²
$1,295,000
Jan 5, 2023
-
$520/mo
In Contract
House
2
Beds
1
Bath
1,075 ft²
$1,192/ft²
$1,281,500
Dec 1, 2022
-
-
Active
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 |
---|---|---|---|---|---|---|---|---|
01/15/2020
|
|
Studio
|
-
|
-
|
$1,550,000
Studio
-
|
-
-
|
-
|
-
|
06/11/2019
|
|
2 Bed
|
1 Bath
|
750 ft²
|
$1,550,000
2 Bed
1 Bath
750 ft²
|
-
-
|
-
|
-
|
11/06/2018
|
|
2 Bed
|
1 Bath
|
750 ft²
|
$1,175,000
2 Bed
1 Bath
750 ft²
|
-
-
|
-
|
-
|
Building Info
About West Los Angeles
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