442 Kelton Avenue

Los Angeles, CA 90024

$4,998,000
Price
8
Beds
8
Baths
6,190 Sq. Ft.
$807 / Sq. Ft.
6,190
Sq. Ft.
$807
per Sq. Ft.

Description

Rare opportunity to acquire a well maintained and managed 4unit building located in the highly coveted North Village section of Westwood. The traditional style apartment is located two blocks from the UCLA Campus, close to Westwood Village, Century City, Beverly Hills, Brentwood, Bel Air and Santa Monica. Strong Westwood location with built-in tenant source from UCLA with high rental demand. Stable rental market with low vacancy. Tremendous rental upside potential for long term appreciation. The...Rare opportunity to acquire a well maintained and managed 4unit building located in the highly coveted North Village section of Westwood. The traditional style apartment is located two blocks from the UCLA Campus, close to Westwood Village, Century City, Beverly Hills, Brentwood, Bel Air and Santa Monica. Strong Westwood location with built-in tenant source from UCLA with high rental demand. Stable rental market with low vacancy. Tremendous rental upside potential for long term appreciation. The asset, built in 1948, has many updates and upgrades including updated bathrooms, kitchens, heating, tankless water heaters and security cameras. The building is 6190 sq. ft. on a 8331 sq. ft. lot with [Q]R4-1VL Zoning. Grm 17.7 cap 4.5%
  1. Listed by John Michael Cockinos • DRE #01267199 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 442 Kelton Avenue

Zoning
LAR4
Style
Traditional
Parcel Number
4363004008
Total Units
4.0
Living Area
6190
Source Living Area
Assessor
Area
Westwood - Century City (C05)
Vacancy Rate
0

Location

Listing Courtesy of Coldwell Banker Realty, John Michael Cockinos, DRE #01267199
Add your commute
LISTING UPDATED: 05/21/2024 12:01 AM

Property Details for 442 Kelton Avenue

StatusActive
MLS #24-385385
Days on Market20
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.19 AC / 8,334 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, John Michael Cockinos, DRE #01267199
Add your commute

Building Information for 442 Kelton Avenue

Stories2Residences-Year Built1948Building Size-Lot Size0.19 AC / 8,334 SF

Payment Calculator

$29,807 per month

30 year fixed, 7.25% Interest

Principal and Interest

$27,276

Property Taxes

$2,531

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 442 Kelton Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Four Plex
  • Property Condition: Updated/Remodeled
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Tankless
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is, Owner Has R.E. License, Rent Control, Property Report
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $281,856
  • Net Operating Income: $226,623.00
  • Gross Income: $281,856
  • Cap Rate: 4.50%
  • Gross Rent Multiplier: $17.70
  • Actual Annual Gross Rent: $281,856.00
  • Actual Gross Annual Income: $281,856
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 55233
  • Water Expense: $7,908.00
  • Trash Expense: $7,628.00
  • Tax Expense: $30,371
  • Gardener Expense: $1,500
  • Expense Security: $960.00
  • Insurance Expense: $4,366
Land / Lot Info
Land / Lot Info
  • Alley: No
  • Lot Acreage: 0.1913
  • Lot Size Square Feet: 8334
Parking Details
Parking Details
  • Parking Garage: Carport Detached, Parking Space
  • Total Parking: 8
  • Covered Parking: 5
  • Open Other Spaces Total: 3
  • Carport Spaces Total: 5
  • Parking Features: Detached Carport, Parking Space
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Type: Central, Wall/Window
  • Heating: Central
  • Heating Type: Central
  • Flooring: Carpet, Tile, Hardwood
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Refrigerator, Washer
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 05-13-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,888.00
  • Unit Actual Rent: $4,888.00
  • Unit Projected Rent: $5,083.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $5,500.00
  • Unit Actual Rent: $5,500.00
  • Unit Projected Rent: $5,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $6,600.00
  • Unit Actual Rent: $6,600.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $6,500.00
  • Unit Actual Rent: $6,500.00
  • Unit Projected Rent: $6,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Dishwasher: 4
  • Number of Disposal: 4
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Refrigerator: 4
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $676,451.00
  • Assessed Improvement Percent: 27.5
  • Assessed Land Value: $1,783,388.00
  • Assessed Land Percent: 72.5
  • Assessed Total Value: $2,459,839.00

Property History for 442 Kelton Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 442 Kelton Avenue

Taxable ValueLand$1,783,388Additions$676,451Total$2,459,839
Tax Record2023$30,371 ($2,531 / month)
Home Facts
Total Finished SqFt6,190 SqFtAbove Grade Finished SqFt6,190 SqFtLot Size8,331 SqFtStyleQuadraplexYear Built1948ZoningLAR4CountyLOS ANGELESAPN4363-004-008

Schools near 442 Kelton Avenue

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

Emerson Community Charter School
Charter6 to 8

University Senior High School Charter
Charter9 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

442 Kelton Avenue is a multi-family home for sale in Los Angeles, CA 90024. This property was listed for sale on May 13, 2024 by Coldwell Banker Realty, it's currently listed at $4,998,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Warner Avenue Elementary School, Emerson Community Charter School and University Senior High School Charter. 442 Kelton Avenue is a 8-bed, 8-bath, 6,190 sqft multi-family home built in 1948.

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 Coldwell Banker Realty, John Michael Cockinos, DRE #01267199

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.