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1738 Kelton Ave, Los Angeles, CA 90024
$3,775,000
1738 Kelton Ave, Los Angeles, CA 90024View this property at 1738 Kelton Ave, Los Angeles, CA 90024
1738 Kelton AveLos AngelesCA90024
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Property Description
Rare Student Housing Investment Opportunity in Westwood 1.5 Miles from UCLA. Four Units, 16 Bedrooms, Fully Furnished. Turnkey, Stabilized Asset at a 6.07% CAP Rate on Current Income. Rare student housing investment opportunity in a prime Westwood location Recently renovated duplex and two newly built ADU's with in unit washers and dryers.16 fully furnished and fully occupied bedrooms. Units are rented by the bedspace. Opportunity for higher rents in the peak summer quarter. Strong in-place cash flow 6.07% CAP rate and 12.00 GRM. Walking distance to Westwood Village, UCLA campus, and local amenities. Amenities include Bristol Farms, 99 Ranch Market, Equinox Westwood, Whole Foods, and Sprouts Farmers Market. Unique opportunity student housing investments rarely come available in Westwood.
Full Property Details
Full Property Details for 1738 Kelton Ave
General
- Sold For: $3,775,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 24-349441
- Added to Site: 129 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 12
Bedrooms
- Total Bedrooms: 16
Additional Information
- Other Features: None
Parking
- Garage Description: None
Location
- Area: Westwood - Century City
- County: Los Angeles
- Driving Directions: 1738 Kelton Avenue is located just off of Massachusetts Ave between Santa Monica Blvd and Wilshire Blvd
Heating & Cooling
- Cooling Type: Wall Unit(s)
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 4,925
- Sq. Ft. Source: Other
- Year Built: 1936
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 4
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 3
- Bedrooms: 3
Unit 2
- Total Bathrooms: 3
- Bedrooms: 5
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1569
- Lot Size: 6835
- Lot Size Source: Vendor Enhanced
- Zoning: LAR2
Financial Considerations
- Price Per Sq. Ft.: $811.17
- Assessment Year: 1936
Disclosures and Reports
- Disclosures/Reports: None
- APN: 4324-028-005
Listed by Marcus & Millichap, Neema Ahadian
Sold by Keller Williams Beach Cities, Margret Erickson
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Schools
Schools serving 1738 Kelton Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1403 Fairburn Ave, Los Angeles, CA 90024 | K-5 | 0.8 mi | |
1650 Selby Ave, Los Angeles, CA 90024 | 6-8 | 0.3 mi | |
11800 Texas Ave, Los Angeles, CA 90025 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1738 Kelton Ave
Date
Details
Price
Change
Source
3/21/2024
Sold
$3,775,000
-5.51%
MLS
1/08/2024
Listed
$3,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1738 Kelton Ave, Los Angeles, CA 90024 (MLS# 24-349441) is a Multi-Family property that was sold at $3,775,000 on March 21, 2024. Want to learn more about 1738 Kelton Ave? Do you have questions about finding other Multi-Family real estate for sale in Century City? You can browse all Century City real estate or contact a Coldwell Banker agent to request more information.