10366 Ashton Avenue, Los Angeles, California 90024, Los Angeles, 90024 - bed, bath

10366 Ashton Avenue, Los Angeles, California 90024 home-pic-0
ACTIVE UNDER CONTRACT$1,998,000
10366 Ashton Avenue, Los Angeles, California 90024
0Bed
0Bath
3,005Sqft
4,785Lot
Year Built
1941
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$665
HOA
-
Days on market
-
Sold On
-
MLS number
SB25258380
Home ConditionPoor
Features
View-

About this home

We found 4 Cons,6 Pros. Rank: price - $2.00M(50th), sqft - 3005(50th), beds - undefined(50th), baths - undefined(50th).

Positioned in the heart of Westwood, 10366 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 3,005 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. The adjacent four at 10370 Ashton Ave, with a similar layout, is also available- upon request 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, 10366 Ashton Ave is perfectly positioned for both immediate yield and long-term appreciation in one of LA’s most desirable rental corridors

Nearby schools

9/10
Warner Avenue Elementary School
Public,K-50.5mi
9/10
Fairburn Avenue Elementary School
Public,K-50.5mi
7/10
Nora Sterry Elementary School
Public,K-51.9mi
5/10
Brentwood Science School
Public,K-52.9mi
8/10
El Rodeo Elementary School
Public,K-80.7mi
3/10
Daniel Webster Middle School
Public,6-82.6mi
9/10
Beverly Hills High School
Public,9-121.0mi
6/10
University Senior High School Charter
Public,9-122.4mi
6/10
University Senior High School
Public,9-122.4mi

Price History

Date
Event
Price
11/14/25
Listing
$1,998,000
03/20/25
Sold
$4,600,000
Condition Rating
Poor

Built in 1941, this property features extremely dated kitchens and bathrooms that would require substantial renovation to meet modern standards. The kitchen has older white flat-panel cabinets, basic laminate countertops, an older white gas range, and no visible dishwasher. The bathroom features a basic pedestal sink and older fixtures. The presence of a window AC unit suggests a lack of central air conditioning, contributing to potential discomfort. While the property appears clean and 'well-maintained' in terms of general upkeep, the style and functionality of key areas are significantly outdated, necessitating a major overhaul rather than minor updates.
Pros & Cons

Pros

Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
Prime Westwood Location: Situated in the heart of Westwood, offering exceptional proximity to UCLA, Century City, and Westwood Village, ensuring high tenant demand and rental premiums.
Significant Value-Add Potential: Opportunity to convert two detached garages into up to four (1+1) ADU units, leveraging recent LA zoning changes to substantially increase density and income.
Income-Producing Quadruplex: A well-maintained, four-unit multifamily asset with a desirable mix of two 2-bedroom units and two studios, providing immediate and stable cash flow.
Rare Market Opportunity: Described 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.
Scalability for Investors: The availability of an adjacent, similarly laid-out property (10370 Ashton Ave) offers a rare opportunity for buyers to scale their portfolio or pursue future assemblage.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-03-20. The sold price is $4,600,000.00.
Property Age & Potential for Capital Expenditures: Built in 1941, the property, despite being well-maintained, may require ongoing capital expenditures for system updates or unforeseen repairs typical of older buildings.
Investment Required for ADU Conversion: While offering significant upside, the conversion of garages into ADUs will necessitate substantial additional investment beyond the purchase price.
Unusual Sales History Discrepancy: A recorded sale for $4.6 million in March 2025, followed by a current listing at $1.998 million, presents a significant and unusual price discrepancy that warrants thorough investigation and due diligence.

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