423 Kelton Ave Los Angeles, CA 90024
Property details
About 423 Kelton Ave
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.
Highlights
Summary
- MLS Number: 25483413
- MLS Name: CRMLS
- Office Name: Marcus & Millichap
- Office Phone: (818) 212-2700
- Listing Agent: Jeffrey Louks
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$8,500,000
423 Kelton Ave
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 09, 1999 | Home Sold | $23,000 |
| Mar 17, 1989 | Home Sold | $2,465,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2021 | $9,655,418 | $115,388 |
| 2020 | $9,550,872 | $111,920 |
| 2019 | $9,363,600 | $111,580 |
| 2018 | $9,180,000 | $49,169 |
| 2017 | $3,975,651 | $49,169 |
History based on county public records data.
Nearby schools
9
Community Magnet Charter Elementary School
Public Charter KG-5
1.0 mi
•11301 Bellagio Rd
8
Warner Avenue Elementary
Public District KG-5
1.2 mi
•615 Holmby Ave
9
Fairburn Avenue Elementary School
Public District KG-5
1.5 mi
•1403 Fairburn Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $23,333. Typical income of Los Angeles, CA residents is less than $<35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Music Concerts
Art Museums
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Bloomingdales
Banana Republic
Where do the neighbors go to eat?
Chipotle
Starbucks
Jack In The Box
What do the neighbors drive?
Volkswagen
Audi
Toyota
What do the neighbors listen to?
Rhythmic Contemporary Hits
News
Jazz
Frequently asked questions
About 423 Kelton Ave
This home is located at 423 Kelton Ave in Los Angeles, CA and zip code 90024 in the Westwood neighborhood. This 18,150 square foot home, which was built in 1987, sits on a 0.17 acre lot. Features: 21 bedrooms, 24 bathrooms. It has been listed on Rocket Homes since January 15, 2025 and is currently priced at $8,500,000.
In December 2024 more than 524 listings in Los Angeles, CA were sold above the asking price. During the same period more than 203 listings were sold at asking price, while more than 740 were sold below. The number of homes for sale in Los Angeles, CA decreased by 5.3% between November and December 2024. In December 2024, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $1,026,634.