423 Kelton Avenue Los Angeles CA 90024 MLS #25483413

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.