Active

423 Kelton Ave

Los Angeles CA, 90024

$8,500,000


$468.32 per sqft

Active

21 Beds

24 Baths

18,150 sqft

Multi-family

Built in 1987

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.

25-483413

MLS ID

January 15, 2025

Listed

January 15, 2025

Updated

Map

423 Kelton Ave
Los Angeles CA, 90024

Interior Features

Total Stories

3


Bedrooms

21


Total Bathrooms

24


Appliances

None


Fireplace

No


Cooling

Yes


Cooling Description

Central


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.17 Acres

Other Property Details

Area Name

Westwood - Century City


Garage

No


Parking

Gated


Parking Total

28


View

No


County

Los Angeles


Pool

No


Zoning

LAR4

Listed by Jeffrey Louks with Marcus & Millichap
Listing Contact: 310-941-5899 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Leonard Rabinowitz | CA DRE# 01496421 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2025 Combined L.A./Westside MLS. All rights reserved.

Data last updated 1/15/2025

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