10372 Ashton Avenue, Los Angeles, California 90024, Los Angeles, 90024 - 2 bed, 4 bath

10372 Ashton Avenue, Los Angeles, California 90024 home-pic-0
ACTIVE$1,998,000
10372 Ashton Avenue, Los Angeles, California 90024
2Beds
4Baths
3,064Sqft
4,785Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Location: Situated in the heart of Westwood, offering unparalleled proximity to UCLA, Century City, Westwood Village, and major transit arteries, ensuring high rental demand and tenant retention.
Top Cons:
Challenging Showing Logistics: The 'Do Not Disturb Tenants! Drive By Only' directive and restricted access to only one vacant unit significantly complicate property showings and due diligence for potential buyers.

Compared to the nearby listings

Price:$2.00M vs avg $2.00M (+$0)50%
Size:3,064 sqft vs avg 3,064 sqft50%
Price/sqft:$652 vs avg $65250%

More Insights

Built in 1940 (85 years old).
Condition: Built in 1940, this property shows its age despite being described as 'well-maintained.' The kitchen features older white cabinets and a basic sink, while the bathroom has a dated pedestal sink and simple fixtures. Lighting includes older track lighting, and heating appears to be via wall units. While functional, the property has not undergone significant modern renovations and requires substantial updates to meet contemporary standards, aligning with the 'fair' condition criteria.
Year Built
1940
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$652
HOA
-
Days on market
-
Sold On
-
MLS number
SB25271785
Home ConditionFair
Features
Good View:
View

About this home

Do Not Disturb Tenants! Drive By Only | Call or Text to coordinate a tour for 10370 (Front Vacant Unit) - Supra Available Positioned in the heart of Westwood, 10372 Ashton Ave stands out as the only four-unit multifamily opportunity on the West Side offered under $2 million. This well-maintained, income-producing asset features four spacious units across 3,064 SF with a great mix of two 2-bed units and two studios. The property is a short distance to UCLA. Why pay rent for your son or daughter? Buy a 4 Plex that makes money for them. A core appeal for value-add investors lies in the two detached garages, offering potential for the conversion to up to Four (1+1) ADU units, capitalizing on recent LA zoning changes and maximizing allowable density. With rents and property values in Westwood up nearly 9% year-over-year, this offering lets a buyer secure stable cash flow with substantial upside. For buyers seeking scale or future assemblage, providing rare flexibility in portfolio planning. This location enables superior tenant retention and rental premiums, thanks to proximity to UCLA, Century City, Westwood Village, and key transit arteries. Turnkey, scalable, and rare in today’s inventory-starved Westside market, 10372 Ashton Ave is perfectly positioned for both immediate yield and long-term appreciation in one of LA’s most desirable rental corridors

Condition Rating
Fair

Built in 1940, this property shows its age despite being described as 'well-maintained.' The kitchen features older white cabinets and a basic sink, while the bathroom has a dated pedestal sink and simple fixtures. Lighting includes older track lighting, and heating appears to be via wall units. While functional, the property has not undergone significant modern renovations and requires substantial updates to meet contemporary standards, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Exceptional Location: Situated in the heart of Westwood, offering unparalleled proximity to UCLA, Century City, Westwood Village, and major transit arteries, ensuring high rental demand and tenant retention.
Significant Value-Add Potential: The presence of two detached garages provides a clear opportunity for conversion into up to four (1+1) ADU units, maximizing density and future income streams under current LA zoning.
Rare Investment Opportunity: Stands out as the only four-unit multifamily property under $2 million on the West Side, making it a unique and highly sought-after asset in an inventory-starved market.
Strong Financial Upside: Positioned in a market with nearly 9% year-over-year rent and property value appreciation, promising stable cash flow, immediate yield, and substantial long-term appreciation.
Flexible Unit Mix & Scalability: Comprises two 2-bedroom units and two studios, catering to a diverse tenant base, and offers scalability for portfolio expansion or future assemblage.

Cons

Challenging Showing Logistics: The 'Do Not Disturb Tenants! Drive By Only' directive and restricted access to only one vacant unit significantly complicate property showings and due diligence for potential buyers.
Age of Property: Built in 1940, the property may require substantial capital expenditures for system upgrades, modernization, or addressing potential deferred maintenance inherent in older structures.
Implied Tenant Management Complexity: The instruction to not disturb tenants suggests existing tenant relationships that could pose challenges during ownership transition or for future rent adjustments/renovations.

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