423 Kelton Avenue, Los Angeles, CA 90024 - Berkshire Hathaway HomeServices California Properties

423 Kelton Avenue, Los Angeles, CA 90024

$8,500,000 Approx. USD 21 beds, 24 baths
18,150 sqft

Listing Agent


Jeffrey Louks | jeff.louks@marcusmillichap.com
Lic#: 00908473
Broker: Courtesy of Marcus & Millichap

Co Listing Agent


Mark Chi | mark6666@sbcglobal.net
Lic#: 01126251
Broker: Courtesy of Golden Lake Realty Company

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25483413
Price: $8,500,000
Beds: 21
Baths: 24
Built in 1987
18,150 sqft
0.17 acres
Lot size: 0.1742
County: Los Angeles
Zoning: LAR4
Parking description: Gated
Heating/cooling: Central Air
Heating description: Central
MLS area: C05 - Westwood - Century City

Last Updated: 1/27/2025

 Days On Market (DOM): 59

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This listing belongs to the C05 - Westwood - Century City MLS area

Lat/Long: 34.069557, -118.454122.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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