Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    423 Kelton Avenue, Los Angeles, CA 90024
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    423 Kelton Avenue
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    • MLS#: 25483413 ( )
    • Street Address: 423 Kelton Avenue
    • Viewed: 3
    • Price: $8,500,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1987
    • Bldg sqft: 0
    • Days On Market: 91
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90024
    • Provided by: Marcus & Millichap
    • Contact: Jeffrey Jeffrey
    • California Regional MLS IDX
    • DMCA Notice
    • 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.
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    Features
    Building Area Total
    1. 18150.00
    Cooling
    1. Central Air
    Country
    1. US
    Heating
    1. Central
    Levels
    1. Multi/Split
    Netoperatingincome
    1. 367737.00
    Parcel Number
    1. 4363003019
    Parking Features
    1. Gated
    Sourcesystemkey
    1. 25-483413:CLAW
    Totalexpenses
    1. 194766.00
    Year Built
    1. 1987
    Zoning
    1. LAR4
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836