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
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Data last updated 1/15/2025