1938 Butler Ave-Vacant 2 Unit/Development Opp 1938 Butler Ave

The Frydman Group is pleased to present for sale a 2-unit apartment complex located at 1938 Butler Avenue, Los Angeles, CA 90025. The property is located between Santa Monica Blvd and Olympic Blvd, just south of Sawtelle Blvd and north of S Barrington Avenue.
The opportunity consists of two detached structures. The front structure is a remodeled one-story building that is approximately 900 square feet. It consists of a 2 bedroom / 2 bathroom unit built in 1930. The back structure is a two-story building that is approximately 688 square feet. It consists of a 1 bedroom / 1 bathroom unit. The bottom floor has a two-car garage. There is also space between the two structures to park more vehicles if so desired.
The investment is ideal both as an owner user opportunity, utilizing the front structure to live in and the back structure to rent out. Alternatively, one may also decide to rent both units to increase the cash flow of the property.
The investment may also be utilized to develop the property. The ownership has plans that can be potentially renewed to build a three story 7,440 square foot 4 Unit (3 Units plus 1 ADU) over the existing 6,047 square foot lot. The project includes plans to build a three story three-unit structure with an ADU. The total building structure would encompass 7,440 square feet. Unit 101 would be 2,995 square feet. Unit 102 (New ADU unit) would be 1,085 square feet. Unit 201 would be 1,680 square feet. Unit 202 would be 1,680 square feet. The plans have since expired but may be renewed. Buyer to verify the plans and information provided herein.
The property is conveniently located near the 405 and 10 freeways making it easier for commuting. It is within walking distance of the Metro E Line (Expo) at the Expo / Bundy Station stop. The apartment is within walking distance to a number of various amenities including cultural attractions, shopping centers, employment opportunities, and spiritual centers.