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10366 Ashton Avenue, Los Angeles, California 90024, Los Angeles, 90024 - 2 bed, 4 bath

10366 Ashton Avenue, Los Angeles, California 90024 home-pic-0
ACTIVE UNDER CONTRACT$1,998,000
10366 Ashton Avenue, Los Angeles, California 90024
2Beds
4Baths
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
SB25258506
Home ConditionPoor
Features
Good View:
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About this home

We found 5 Cons,6 Pros. Rank: price - $2.00M(50th), sqft - 3005(50th), beds - 2(50th), baths - 4(67th).

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-5•0.5mi
9/10
Fairburn Avenue Elementary School
Public,•K-5•0.5mi
7/10
Nora Sterry Elementary School
Public,•K-5•1.9mi
5/10
Brentwood Science School
Public,•K-5•2.9mi
8/10
El Rodeo Elementary School
Public,•K-8•0.7mi
3/10
Daniel Webster Middle School
Public,•6-8•2.6mi
9/10
Beverly Hills High School
Public,•9-12•1.0mi
6/10
University Senior High School Charter
Public,•9-12•2.4mi
6/10
University Senior High School
Public,•9-12•2.4mi

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 is over 80 years old. While described as 'well-maintained' for an income-producing asset, the interior images reveal extremely dated conditions, particularly in the kitchen and bathrooms. The kitchen features old, basic appliances, outdated cabinets, and countertops, clearly requiring a full renovation. The bathroom is similarly basic and old-fashioned. The presence of a window AC unit suggests an outdated or absent central HVAC system. These factors indicate a need for substantial rehabilitation and extensive system replacements to meet modern living standards, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
Prime Location & High Demand: Strategically located in Westwood, offering immediate proximity to UCLA, Century City, Westwood Village, and key transit arteries, ensuring superior tenant retention and premium rental rates in a high-demand market.
Significant Value-Add Potential: Features two detached garages with strong potential for conversion into up to four (1+1) ADU units, capitalizing on recent LA zoning changes to maximize density and income.
Rare Multifamily Opportunity: Identified as the only four-unit multifamily opportunity on the West Side offered under $2 million, making it a rare and highly sought-after asset in an inventory-starved market.
Strong Investment & Appreciation: Positioned for both immediate yield and long-term appreciation, supported by a market where rents and property values in Westwood have increased by nearly 9% year-over-year.
Scalability & Assemblage Option: The availability of an adjacent, similarly laid-out property (10370 Ashton Ave) offers a unique opportunity for buyers to scale their portfolio or pursue future assemblage.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 4.
Recently Sold Property: The property was recently sold within the past year on 2025-03-20. The sold price is $4,600,000.00.
Age of Property: Built in 1941, the property is over 80 years old, which may imply potential for outdated systems (plumbing, electrical), higher ongoing maintenance costs, and less energy efficiency compared to newer constructions.
Capital Intensive ADU Conversion: While offering significant upside, the conversion of two detached garages into up to four ADU units will require substantial capital investment, navigating permitting processes, and construction management, adding complexity to the value-add strategy.
Potential for Interior Unit Upgrades: Although described as 'well-maintained,' the listing does not specify recent interior renovations of the existing units, suggesting a potential need for further capital expenditure to maximize rental income and appeal to modern tenants.

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