3724 Kelton Avenue

Los Angeles, CA 90034

$1,675,000
Last Sold Price
8
Beds
7
Baths
4,060 Sq. Ft.
$413 / Sq. Ft.
4,060
Sq. Ft.
$413
per Sq. Ft.

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....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.

Listing Agents

  1. Stephanie Younger

    Stephanie Younger

    Listing Agent

    Compass

    DRE #01365696

  2. Maryam Majnoonian

    Maryam Majnoonian

    Alternative Listing Agent

    Compass

    DRE #01862215

Property Details for 3724 Kelton Avenue

Water Front
None
Zoning
LAR3
Style
Mid-Century
Parcel Number
4252025039
Total Units
4.0
Living Area
4060
Source Living Area
Assessor
Area
Palms - Mar Vista (C13)

Location

Listing Courtesy of Compass, Stephanie Younger, DRE #01365696; Compass, Maryam Majnoonian, DRE #01862215

Sold By House Network, Cary Matthew Goldstone, DRE #01257356

Add your commute
LISTING UPDATED: 01/21/2024 09:35 AM

Property Details for 3724 Kelton Avenue

StatusSold
MLS #22-118345
Days on Market118
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1966
Lot Size0.11 AC / 4,993 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Stephanie Younger, DRE #01365696; Compass, Maryam Majnoonian, DRE #01862215

Sold By House Network, Cary Matthew Goldstone, DRE #01257356

Add your commute

Building Information for 3724 Kelton Avenue

Stories2Residences-Year Built1966Building Size-Lot Size0.11 AC / 4,993 SF

Payment Calculator

$9,141 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,141

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3724 Kelton Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
  • Water: Public
  • Sewer: In Street
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is, Property Report, Trust/Conservatorship, Listing Broker Advantage
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $55,807
  • Net Operating Income: $55,807.00
  • Gross Income: $98,940
  • Gross Rent Multiplier: $15.68
  • Actual Annual Gross Rent: $102,000.00
  • Actual Rent Total: $51,600.00
  • Total Annual Expense: 43133
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1146
  • Lot Size Square Feet: 4993
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 4
  • Carport Spaces Total: 4
  • Parking Features: Carport
Interior Features
Interior Features
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Mixed, Laminate, Carpet, Tile
  • Equipment: None
  • Laundry: Room
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-13-2022
  • Tenant Pays: Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,024.00
  • Unit Actual Rent: $1,024.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,406.00
  • Unit Actual Rent: $1,406.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,870.00
  • Unit Actual Rent: $1,870.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $350,211.00
  • Assessed Improvement Percent: 57.13
  • Assessed Land Value: $262,796.00
  • Assessed Land Percent: 42.87
  • Assessed Total Value: $613,007.00

Property History for 3724 Kelton Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 3724 Kelton Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Charnock Road Elementary School
PublicK to 5

Palms Middle School
Public6 to 8

Venice Senior High School
Public9 to 12

Magnolia Science Academy 4 School
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Stephanie Younger, DRE #01365696; Compass, Maryam Majnoonian, DRE #01862215

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.