
Los Angeles, California 90064
This Residential Income Quadruplex presents a High-Potential Investment Opportunity with a List Price of $1,475,000, positioned slightly above the $1,460,257 Fair Market Value. Featuring a Fair Condition Rating, the property offers immediate value through two extensively remodeled units and significant upside via ADU conversion potential for the detached garages. Located in a high-demand West Los Angeles corridor, this asset provides a strategic balance of rental income and long-term appreciation. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add property.
Property is moderate renovation needed.
Built in 1941, this property is a mix of updated and dated elements. While the description notes two units are extensively remodeled, the provided kitchen image shows older tile countertops and cabinetry consistent with a 'Fair' rating. The presence of wall heaters and the 80+ year age of the structure indicate that while well-maintained and functional, the remaining units and core systems require modernization.
Ideally situated near Santa Monica and the beach, this property commands high rental demand due to its proximity to major tech hubs, coastal amenities, and transit corridors.
The two detached two-car garages offer a significant opportunity for Accessory Dwelling Unit (ADU) conversion, providing a clear path to increase density and total rental yield.
With 50% of the units already extensively remodeled with high-end finishes and dual-pane windows, the property offers immediate premium rental income and reduced initial capital expenditure.
Given the 1941 construction date, the property is subject to the Los Angeles Rent Stabilization Ordinance (RSO), which limits annual rent increases and impacts long-term ROI flexibility.
The uniform 1-bedroom, 1-bathroom unit mix may limit the tenant pool to individuals or couples, potentially leading to higher turnover compared to multi-bedroom family 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 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,563 | 2,250 |
| Lot Size | 6,422 | 5,864 |
| Price | $1.48M | $826.7K |
| Price per sq ft | $575 | $395 |
| Built year | 1941 | 1925 |
| HOA | $0 | $0 |
| Days on market | 14 | 83 |
Jul 8, 2026
$1,475,000
Initial Listing
Jul 9, 2024
$1,375,000
Public Record