Westwood Penthouse Condo Investment Two Units, One Price! An exclusive fully leased income property featuring two penthouse 2-bed, 2-bath condos, each 1, 118 sq. ft. (2, 233 sq. ft. combined). One unit offers stunning panoramic views of the city skyline and snow-capped mountains.Currently generating $95, 700 in annual gross income, with top-of-market lease rates: Unit #301 - $4, 025/month (lease through 3/31/25) Unit #302 - $3, 950/month (lease through 7/14/25) Both units feature modern upgrades, including engineered wood flooring, dual-pane windows, recessed lighting, in-unit washer/dryer, and stylish kitchens with LG stainless steel appliances, quartz countertops, and lacquered maple cabinets. Additional highlights: Three subterranean deeded parking spaces Private indoor storage closets & secure bike parking Pet-friendly building Prime Westwood location near UCLA, Century City, dining, shopping & easy freeway accessA turnkey investment with high rental demand, live in one unit and rent the other or capitalize on steady rental income in one of LA's most sought-after neighborhoods! Buyer to participate in 1031 exchange, at no cost to the buyer.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Other Rooms
- Living Room, Walk-In Closet, Dining Area, Patio Enclosed
Appliances
- Laundry Facilities: In Unit
- Laundry Features: In Unit
Interior Features
- Furnished Description: Unfurnished
- Flooring: Mixed, Laminate, Tile
Garage and Parking
- Covered Spaces: 3
- Garage Description: Community Garage, Controlled Entrance
- Parking Total: 3
Land Info
- Lot Size Acres: 0.1839073
- Lot Size Source: Assessor
- Lot Size Square Feet: 8011
Home Features
- View: City Lights
- Other Equipment: Dishwasher, Gas Or Electric Dryer Hookup, Intercom, Range/Oven, Refrigerator
- Security Features: Card/Code Access, Fire and Smoke Detection System, Carbon Monoxide Detector(s)
Amenities and Community Features
- Hot Water
- Meeting Room
- Extra Storage
Homeowners Association
- Association: Yes
- Association Fee: 976
- Association Fee Frequency: Monthly
- Calculated Total Monthly Association Fees: 976
Multi-Unit Info
Condo Info
- Unit Floor In Building: 3
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Directions: Off Santa Monica Blvd or Wilshire to Veteran Ave.
- Source Property Type: Residential
- Area: Westwood - Century City
- Property Subtype: condo
- Source Neighborhood: Westwood - Century City
- Parcel Number: 4324-030-076
- Postal Code Plus 4: 5564
- Zoning: LAR3
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 2233
- Year Built: 1971
- Building Name: 1601 Veteran Condominiums, Inc.
- Common Walls: Attached
- Levels: One Level
- Living Area Source: Assessor
- Property Age: 54
- Levels or Stories: 4
- Structure Type: Condominium, Attached
- House Style: Contemporary
- Year Built Source: Assessor