Westwood Penthouse Two-Unit Income
For Sale
$1,475,000
1601 Veteran Avenue, Los Angeles, CA 90024
Fully leased penthouse duplex near UCLA with mountain and city views.
Property Size8,011 SF
Price / SF$184.12
Days on Market116
Property Features for 1601 Veteran Avenue
General Information
Standard status
Active
Size
8,011 SF
Property subtype
2-4 Units / Res Income 2-4 Units
Zoning
Assessor
Amenities
1 Story
Heat Pump(s)
4.0
N/K
4
Elevators/Stairclimber
Automatic Gate, Gated Community
1
Building Details
Year Built
1971
Listing Agency:
Vista Sotheby's International Realty
(310) 896-6088
Listed By:
Vincent Serhan · License #01254997
(310) 896-6088
Source:
Compass
Added: May 6
Changed: Aug 28
Last Checked: Aug 26 at 1:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vista Sotheby's International Realty
Investment Insights
Based on property information with market context.
This Westwood penthouse features two condos, each with two bedrooms and two bathrooms, totaling 2,233 square feet. The units, #301 and #302, are fully leased, generating a total gross scheduled income of $95,000. Unit #301 is leased for $4,000 per month, and unit #302 is leased for $3,950 per month. Each unit is 1,118 square feet. The property includes three subterranean, deeded, side-by-side parking spaces. Unit #301 features a private front balcony with views of the snow-covered mountains, Westwood (UCLA), and Century City. The property is pet-friendly and located near Westwood Village, shops, dining, parks, UCLA (1.6 miles), and the 405 and 10 Freeways. Westfield Shopping in Century City and Bev Mo are also nearby. The units have been remodeled with wood flooring, newer dual pane windows and slider, recessed lighting fixtures, and a ceiling fan with light in each bedroom. The kitchens feature lacquered finish maple cabinets, quartz counters, new fixtures, an undermount sink, modern cabinet pulls, and LG stainless steel appliances. Building amenities include reserved subterranean parking, private indoor storage closets for each unit, indoor secure bike parking, and a multi-purpose room. Unit #302 is a back inside corner unit with a city view and inside washer/dryer on the quiet backside of the three-story Veteran Ave property. It also features an elevator to the top floor and back stairs to the secured parking garage.
Key Highlights
- Fully leased penthouse generating $95k gross annual income.
- Two combined units totaling 2,233 sq ft with top‑of‑market lease prices.
- Remodeled units with modern finishes, including wood flooring, quartz counters, and stainless steel appliances.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,611
Businesses Nearby
Explore this area
Business Placement
Demographics for 90024, CA
52,862
Population
20,304
Households
2.6
Avg Household Size
27
Median Age
74%
College-Educated
96%
High-School Grad
3.0 sq mi
ZIP Area
17,621
Density / Sq Mi
$79,994
Median Household Income
$16,453
Median Earnings
$2,666
Median Rent
$1,434,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased penthouse duplex near UCLA with mountain and city views.
Where is this duplex located?
The property is located at 1601 Veteran Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Fully leased penthouse generating $95k gross annual income.; Two combined units totaling 2,233 sq ft with top‑of‑market lease prices.; Remodeled units with modern finishes, including wood flooring, quartz counters, and stainless steel appliances.
