423 Kelton Avenue, Los Angeles, CA 90024 (MLS # 25483413)

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PRICE $8,500,000 dsIDX morgage calculator
BEDS 21
BATHS 24
HOME SIZE 18,150 sqft
LOT SIZE 7,589 sqft
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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.

DAYS ON MARKET 2 LAST UPDATED 1/15/2025
YEAR BUILT 1987 COMMUNITY C05 - Westwood - Century City
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
AREA C05 - Westwood - Century City
HEAT Central
LOT 7588 sq ft
PARKING Gated
STORIES Split/Multi Level
MORTGAGE CALCULATOR
   

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Listing provided by : Jeffrey Louks, Marcus & Millichap

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