1738 Kelton Avenue, Los Angeles, CA 90024
Property
Sold March 2024
Listing Agent: Neema Ahadian (DRE #01346750) · Listing Office: Marcus & Millichap · Contact: 310-909-5500 · Bought with: Margret Erickson · Keller Williams Beach Cities · MLS #24349441 · Source: CRMLS
About this property
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.
Listing description from the March 2024 sale, as reported to CRMLS.
Sale history