
Los Angeles, California 90064
This Prime Investment Opportunity is a well-maintained fourplex listed at $1,475,000, positioned well below the $1,511,098 Fair Market Value by 2%. This valuation gap offers $36,098 in Instant Equity. Featuring a Condition Rating of 3, the property includes two renovated units and significant ADU Conversion Potential via the detached garages. Located in a high-demand coastal market, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income while building long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2593 Amherst Subject | $1,399,000* List Price | 0 | 0 | 2,563 | $575 | - |
A 11822 Exposition Boulevard Active | $1,749,000 List Price | 4 | 5 | 2,659 | $658 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1941, the property is well-maintained with two of the four units featuring recent high-quality renovations, including designer kitchens with stone countertops, stainless steel appliances, and updated bathrooms. The inclusion of dual-pane windows and refinished hardwood floors makes it move-in ready, though the use of wall heaters and the age of the unrenovated units keep it from an 'excellent' rating.
Situated in a highly sought-after neighborhood near Santa Monica and the beach, this property offers excellent tenant demand and long-term appreciation potential due to its proximity to major employment hubs and coastal amenities.
The two detached two-car garages provide a significant value-add opportunity for the buyer to convert existing structures into Accessory Dwelling Units (ADUs), potentially increasing the total unit count and rental yield.
With two units already extensively remodeled with high-end finishes, stone countertops, and stainless steel appliances, the property allows for immediate market-rate leasing and reduced initial capital expenditure.
Built in 1941, the property may require ongoing maintenance or future upgrades to aging plumbing, electrical, and structural systems typical of older coastal buildings.
The property consists exclusively of 1-bedroom, 1-bathroom units, which may limit the tenant pool to individuals or couples and result in higher turnover compared to larger multi-bedroom units.
Welcome to **2593 Amherst**, a well-maintained, income-producing fourplex ideally located in the heart of West Los Angeles, just minutes from Santa Monica, Ocean Park, and the beach. Situated on the corner of Amherst Avenue and Ocean Park Boulevard, this exceptional property offers an unbeatable location with convenient access to shopping, dining, entertainment, major freeways, and the nearby bike path leading directly to the coast. The property features four spacious **1-bedroom, 1-bathroom units** and two detached two-car garages. Three of the units are currently occupied, while the fourth unit is vacant, presenting an excellent opportunity for an owner-occupant or the ability to lease at current market rent. The property also includes a shared on-site laundry room for tenant convenience. The garages may offer the potential for ADU (Accessory Dwelling Unit) conversion, creating additional value and income potential (buyer to verify all possibilities with the appropriate agencies). Two of the units have been extensively remodeled with high-quality finishes, featuring designer kitchens with custom cabinetry, stone countertops, stainless steel appliances, beautifully updated bathrooms, hardwood flooring, dual-pane windows, wall heaters, and modern finishes throughout. This combination of renovated units, rental upside, owner-user flexibility, and future development potential makes 2593 Amherst an exceptional investment opportunity in one of West Los Angeles' most desirable neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,563 | 2,187.451 |
| Lot Size | 6,422 | 5,841.385 |
| Price | $1.40M | $841.5K |
| Price per sq ft | $546 | $385 |
| Built year | 1941 | 1928 |
| HOA | $0 | $0 |
| Days on market | 63 | 85 |
Aug 20, 2026
$1,399,000
$1,475,000
-5% Price Drop
Initial Listing
Jul 8, 2026
$1,475,000
Initial Listing
Jul 9, 2024
$1,375,000
Public Record