Property Detail

Description

A thoughtfully reimagined Westside property offering the rare combination of design, location, and immediate income, 2621 Veteran Ave presents an exceptional investment opportunity in the heart of West Los Angeles/Rancho Park. The property features a beautifully updated three-bedroom, two-bathroom main residence plus two newly constructed income-producing units, creating a compelling asset for investors, owner-users, or those seeking to offset their cost of ownership with substantial rental income. The main residence has been transformed into a sophisticated and inviting home, balancing contemporary design with the effortless indoor-outdoor lifestyle synonymous with Southern California. A refined palette of finishes, smooth-coat stucco, dual-pane windows, zoned climate control, and a wood-burning fireplace create a polished yet comfortable environment. The galley-style kitchen features crisp quartz surfaces and seamless pass-through counter seating, opening directly to an expansive dining and living area. The private backyard provides a generous outdoor setting for entertaining, relaxing, or creating a personalized garden retreat, along with additional storage. The investment potential is equally compelling. The main residence is currently leased for $7,100 per month, while the newly constructed detached building provides two additional rental units: a two-bedroom, one-and-a-half-bath residence leased for $3,500 per month and an upstairs one-bedroom, one-bath residence leased for $2,800 per month. Together, the property generates $13,400 per month, or $160,800 in annual rental income, offering investors immediate, in-place cash flow across three separate residences. Each additional unit has been designed with privacy and functionality in mind. The two-bedroom residence features an open living room and kitchen configuration with its own private side patio, while the upper one-bedroom residence enjoys a covered approximately 100-square-foot patio overlooking its serene surroundings.Thoughtful infrastructure improvements further enhance the property's appeal, including a brand-new sewer line, dedicated utility metering, and individual solar arrays serving the additional units. The result is a turnkey, income-producing Westside asset with multiple avenues for long-term value creation.Whether held as a pure investment, occupied as a primary residence with significant rental income, or acquired as a multigenerational property, 2621 Veteran Ave offers an unusually compelling combination of location, quality, and income-producing potential in one of Los Angeles' most desirable Westside neighborhoods.