CA > Los Angeles
Los Angeles, CA 90024,423 Kelton Ave
Los Angeles, CA 90024,423 Kelton Ave
Los Angeles, CA 90024,423 Kelton Ave
Los Angeles, CA 90024,423 Kelton Ave
Los Angeles, CA 90024,423 Kelton Ave
Los Angeles, CA 90024,423 Kelton Ave
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Mechele A. Nelson

Mechele A. Nelson

+1(817) 938-3872
$ 8,500,000
Est. payment | /mo

21 Beds

24 Baths

18,150 SqFt

Save
$ 8,500,000
Est. payment | /mo
Save

21 Beds

24 Baths

18,150 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 18,150 sqft

Price per Sqft $468

MLS Listing ID 25-483413

Bedrooms 21

Year Built 1987

Lot Size 7,589 Sqft

Acres 0.1742

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Westwood - Century City

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment None

Exterior

Parking Features Gated

Garage Spaces 25.0

Building

Story 3

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap
agent-avatar

+1(817) 938-3872

mechele@monarchcapcorp.com

United States

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