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 25 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.
Property Details
Price:
$8,500,000
MLS #:
25483413
Status:
Active
Baths:
0
Address:
423 Kelton Avenue
Type:
Residential Income
Neighborhood:
c05westwoodcenturycity
City:
Los Angeles
Listed Date:
Jan 15, 2025
State:
CA
ZIP:
90024
Lot Size:
7,589 sqft / 0.17 acres (approx)
Year Built:
1987
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Schools
Interior
Cooling
Central Air
Heating
Central
Exterior
Parking Features
Gated
Parking Spots
25.00
Stories Total
3
Financial
Map
Community
- Address423 Kelton Avenue Los Angeles CA
- AreaC05 – Westwood – Century City
- CityLos Angeles
- CountyLos Angeles
- Zip Code90024
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423 Kelton Avenue
Los Angeles, CA
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