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    The Largest CRE Database in the US with Over 1 Million Listings

    2621 Veteran Ave Los Angeles, CA 90064

    Sponsored
    For Sale
    $2,958,800

    MULTI_FAMILY - Modern - CA

    Property size:
    2,775 SF
    Lot size:
    0.14 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 22 at 2:06 am

    Property Features for 2621 Veteran Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Double Pane Windows
    Rooms
    Bathroom 1, Bathroom 5, Bedroom 1, Bedroom 5, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 3, Dining Room, Bathroom 4, Bedroom 6
    Bedrooms
    6
    Bathrooms
    4
    APN
    4256026015
    Parking
    3
    Parking features
    Driveway, On Street, Tandem, Covered, Porte-Cochere, Carport
    Patio and Porch features
    Porch
    Interior features
    Open Floorplan
    Fireplace
    1
    Appliances
    Gas, Oven, Dishwasher, Refrigerator, Washer, Dryer, Freezer
    Size
    2,775 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    1939
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Simulated wood
    Building materials
    Stucco
    Architectural style
    Modern

    We can help!

    Listing Contact
    David Samuels

    Keller WIlliams Westlake Village (805) 777-7777

    Listing agent David Samuels License #02219765

    Listing date Feb 22, 2026

    MLS# 226000811 Listing URL

    Copyright © 2026 Conejo Simi Moorpark Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Rancho Park Multifamily Property

    Located in Rancho Park, this property features a renovated main house and two newly built, permitted Accessory Dwelling Units (ADUs). The main house, renovated approximately a year and a half ago, includes 3 bedrooms, 2 updated bathrooms, a galley kitchen, and a large dining room. The property has new stucco, a new roof, new rain gutters, and new dual-pane windows, with replaced interior and exterior doors. Landscaping and irrigation are also new. A brand-new sewer line was installed in 2025. Interior finishes include new flooring, quartz countertops in the kitchen, bathrooms, and dining area, recessed lighting, and new kitchen appliances. Mini-split systems provide zoned heating and air conditioning, and there are both wood-burning and gas fireplaces. The downstairs ADU, approximately 656 square feet, offers 2 bedrooms and 1.5 bathrooms, including a double walk-in shower. The kitchen is equipped with a gas stove, microwave, dishwasher, and refrigerator, and includes its own washer and dryer. A sliding glass door opens to private outdoor space, and mini-split heating and cooling are installed. The upstairs ADU, approximately 609 square feet, has 1 bedroom and a large covered patio. Inside, there is another double walk-in shower, a full kitchen with new appliances, dedicated laundry, and its own mini-split system. Both ADUs feature dual-pane windows and individual meters for electricity and water. The property is close to Metro access, UCLA, and other Westside locations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.428636
    Latitude
    34.035315

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    FAQs

    What type of property is this?
    Multifamily property - Renovated property with main house and two permitted ADUs.
    Where is this multifamily property located?
    The property is located at 2621 Veteran Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,958,800.
    What are key features of this property?
    This property features: - Two newly built, permitted ADUs offer significant income potential or multi-generational living options.; - Fully renovated main house with updated kitchen and bathrooms, new stucco, roof, windows, and landscaping.; - Each unit has individual mini-split systems for zoned heating and air conditioning.
    (747) 746-9817
    Request Owner's contact information
    2621 Veteran Ave Los Angeles, CA 90064
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    Los Angeles, CA 90064
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2621 Veteran Ave Los Angeles, CA 90064
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    We can help!
    Listing Contact
    David Samuels
    Real Estate License ID: 02219765
    (747) 746-9817 (805) 777-7777
    Learn more
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