Westwood Penthouse Two-Unit Income Property

1601 Veteran Avenue Los Angeles, CA 90024

Claim this Listing
For Sale
Contact for pricing

Fully leased penthouse duplex near UCLA with mountain and city views.

Type:Multifamily
Property size:
2,236 SF
Price / SF:
$659/SF
Added:
May 13, 2026
Days on Market:
59
Last Refresh:
Jul 4 at 10:41 am

Property Features for 1601 Veteran Avenue

General Information

Standard status
Active
Size
2,236 SF
Property subtype
Multifamily

Listing office Vista Sotheby's International Realty

Listing date May 13, 2026

Source Crexi

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

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

(Bike/Boat/Book/etc) Store Tanning Salon Butcher Clothing & Fashion Store Fish Market (Bike/Boat/Book/etc) Store Adult Day Care (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Clothing & Fashion Store

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

FAQs

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.
Contact an agent
(310) 541-8271 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message