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3724 Kelton Ave

Los Angeles, CA 90034
  • $1,599,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 22-118345
UPDATED: 189 min ago
$1,599,000
  • 8
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,060
    SQFT
  • $394
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1966
County:

School Ratings & Info

Description

Incredible OWNER USER or TIC Conversion opportunity with this traditional four-unit property nestled in the heart of West Los Angeles between the endless shops and restaurants of booming Culver City and the freeways toward downtown or the ocean. Two units offer three-bedrooms while one unit offers two-bedrooms, and another unit offers a studio floor plan. Three of the units are currently rented, but one of the three-bedroom units will be delivered vacant perfect for an owner occupied opportunity. The center courtyard adds a great outdoor space, and each unit has a covered carport space. A shared laundry room is available with some minor servicing. Boasting a high rental demand and 25% upside in rents, this property is ripe for the ambitious buyer who is ready to transform it into the wise investment it is meant to be and includes the potential for TIC conversion as well as attractive Residential or Owner Occupied Financing. A more inviting canvas in a better location could not be found.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-23T23:42:24.28. 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. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/124732771
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3724 Kelton Ave Los Angeles, CA 90034

  • Price: $1,599,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 189 min ago
  • MLS #: 22-118345
8
Beds
0
Baths
0
½ Baths
0.11
Acres
4,060
SQFT
$394
$/SQFT
1966
Built
Neighborhood:
Palms - Mar Vista
County:
Los Angeles
Area:
Palms - Mar Vista
Property Description
Incredible OWNER USER or TIC Conversion opportunity with this traditional four-unit property nestled in the heart of West Los Angeles between the endless shops and restaurants of booming Culver City and the freeways toward downtown or the ocean. Two units offer three-bedrooms while one unit offers two-bedrooms, and another unit offers a studio floor plan. Three of the units are currently rented, but one of the three-bedroom units will be delivered vacant perfect for an owner occupied opportunity. The center courtyard adds a great outdoor space, and each unit has a covered carport space. A shared laundry room is available with some minor servicing. Boasting a high rental demand and 25% upside in rents, this property is ripe for the ambitious buyer who is ready to transform it into the wise investment it is meant to be and includes the potential for TIC conversion as well as attractive Residential or Owner Occupied Financing. A more inviting canvas in a better location could not be found.
Exterior Features

Carport Spaces Total 4 Lot Size Area 4993 Other Structures None Parking Garage Carport Pool Description None Pool YN No Spa None Spa YN No Style Mid-Century Total Parking 4 View Description None View YN No Water Frontage None

Interior Features

Baths Total 7.00 Cooling None Equipment None Fireplace Rooms Living Room Flooring MixedLaminateCarpetTile Heating Wall Laundry Room

Property Features

Assessed Total Value 613007 Gross Income 98940 Gross Operating Income 55807 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 55807.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays Electricity Total Annual Expense 43133 Type Of Units Apartments Water Public Year Built Source Assessor Zoning Lar3

Listing provided courtesy of Stephanie Younger DRE#01365696 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-23T23:42:24.28. 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. Properties may or may not be listed by the office/agent presenting the information.
 
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