423 Kelton AVE new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90024
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 18,150 sqft
Price per Sqft $468
MLS Listing ID 25483413
Bedrooms 21
HOA Y/N No
Year Built 1987
Lot Size 7,588 Sqft
Property Description
423 Kelton Avenue, a 15-unit multifamily property in Westwood Village. This investment opportunity features a desirable mix of 9 two-bedroom/two-bath, 3 one-bedroom/one-bath, and 3 studio units, catering to a diverse tenant base. Built in 1987, the property is exempt from Los Angeles City Rent Control, allowing for significant rental growth potential. With 6 vacant units, this presents an ideal value-add opportunity for investors to implement a renovation program, upgrade units with high-end finishes, and maximize rental income. Situated in the highly sought-after Westwood Village neighborhood, residents enjoy close proximity to UCLA, renowned dining and shopping options, entertainment venues, and major employment centers. Premium amenities include controlled access, a spacious lobby with an office, gated on-grade and subterranean parking with 28 spaces, and on-site laundry facilities. Westwood Village boasts a robust rental market driven by strong demand from students, professionals, and families, with continued growth in population, employment, and economic activity. This prime location in one of Los Angeles' most desirable neighborhoods offers excellent long-term appreciation potential.
Location
State CA
County Los Angeles
Area C05 - Westwood - Century City
Zoning LAR4
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Gated
Total Parking Spaces 28
Building
Story 3
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4363003019
Special Listing Condition Standard