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3724 Kelton Ave #4, Los Angeles, CA 90034
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3724 Kelton Ave #4 Los Angeles, CA 90034

$1,675,000 Sold Price as of 06/15/2022
  • 8 Beds
  • 7 Baths
  • 4,060 Sq.Ft.
Sold
$1,675,000 Sold Price as of 06/15/2022 Refinance Your Mortgage
Map preview of 3724 Kelton Ave #4, Los Angeles, CA 90034

Property Overview: 3724 Kelton Ave #4 Los Angeles, CA has 8 bedrooms, 7 bathrooms, 4,060 living square feet and 4,993 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Stephanie Younger | BRE #01365696 | Compass
Co-listed by Maryam Majnoonian | BRE #01862215 | Compass
Last checked: 13 minutes ago | Last updated: January 21st, 2024 | Source CRMLS | DOM: 118

Home details

Lot Sq. Ft
4,993
HOA Dues
$0/mo
Year built
1966
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22118345
City
Los Angeles
County
Los Angeles
Time on Site
856 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,024
  • Total Rent: $1,024
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,406
  • Total Rent: $1,406
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,870
  • Total Rent: $1,870
  • Pro Forma/Market Rent: $4,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.68
  • Gross Scheduled Income: --
  • Net Operating Income: $55,807
  • Gross Operating Income: $55,807
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3724 Kelton Ave #4

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Laminate, Carpet, Tile
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 4
  • Parcel Number: 4252025039
  • Year Built Source: Assessor
  • Architectural Style: Mid Century Modern
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: North of Venice Blvd., West of Overland Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 3724 Kelton Ave #4

Last sold for $1,675,000 on June 15th, 2022

  • June, 2023

  • Jun 21, 2023

    Date

    Canceled

    CRMLS: OC22257477

    $3,990

    Price

  • Dec 19, 2022

    Date

    Active

    CRMLS: OC22257477

    $3,990

    Price

  • Listing provided courtesy of CRMLS

    Welcome to your new home in the heart of Culver City! This beautifully updated condo boasts three spacious bedrooms and two bathrooms, making it the perfect place for you and your family to settle down. Located just minutes from Silicon Beach, this home is perfect for tech professionals looking to be close to work while still enjoying all that the city has to offer. The open concept living and dining area is the perfect place to entertain, with a kitchen featuring appliances and plenty of counter space. The master bedroom features a private bathroom and walk-in closet, while the other two bedrooms offer plenty of space and storage. Additional features include a private patio, and parking. Don't miss out on this amazing opportunity to make this condo your new home.

  • June, 2022

  • Jun 15, 2022

    Date

    Sold

    CRMLS: 22118345

    $1,675,000

    Price

  • Jan 13, 2022

    Date

    Active

    CRMLS: 22118345

    $1,599,000

    Price

  • February, 2021

  • Feb 1, 2021

    Date

    Expired

    CRMLS: 20662454

    $1,600,000

    Price

  • Jan 6, 2021

    Date

    Price Change

    CRMLS: 20662454

    $1,600,000

    Price

  • Nov 23, 2020

    Date

    Active

    CRMLS: 20662454

    $1,700,000

    Price

  • Listing provided courtesy of CRMLS

    Location | 3724 Kelton Ave is located in Palms, a highly developed sub-market within LA. Palms is adjacent to Culver City which has seen unprecedented job and rent growth within the last 5 years. Accessibility | Located between Palms Blvd and Venice Blvd, 3724 Kelton provides easy accessibility to some of LAs largest entertainment and arts hubs. Unit-Mix | The subject property consists of (1) bachelor unit, (1) 2 bed / 2 bath unit, (1) 3 bed / 2 bath unit, and (1) 3 bed / 3 bath unit. Financing | Currently, borrowing rates are at a 50-year low. This enables an investor to secure extremely attractive debt.

  • November, 2020

  • Nov 2, 2020

    Date

    Expired

    CRMLS: 20628188

    $1,700,000

    Price

  • Oct 17, 2020

    Date

    Price Change

    CRMLS: 20628188

    $1,700,000

    Price

  • Sep 29, 2020

    Date

    Price Change

    CRMLS: 20628188

    $1,750,000

    Price

  • Sep 8, 2020

    Date

    Active

    CRMLS: 20628188

    $1,850,000

    Price

  • Listing provided courtesy of CRMLS

    First time on the market since the 70's! It won't last! Unprecedented redevelopment/rehab opportunity in the heart of Palms. Don't miss the opportunity to own these two parcels side by side. Two multifamily apartment buildings, 8 units total (4+4) and no vacancy loss. Combined lot size is 9,993 square foot. Zoning LAR3-1. Prime location with great upside potential! For sale together or separately. Get creative! OM available upon request.

  • September, 1993

  • Sep 2, 1993

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3724 Kelton Ave #4

Assessed Value (2020): $607,083
Year Land Value Improved Value Assessed Value
2020 $260,102 $346,981 $607,083

Home Value Compared to the Market

This property vs the competition

3724 Kelton Ave #4 sold on June 15, 2022 for 34.37% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $393.84 per/sqft which puts the price per square foot 47.84% lower than the current median sale per square foot for the city of Los Angeles.

About 3724 Kelton Ave #4

Detailed summary of property

3724 Kelton Ave #4 is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 8 bedrooms, 7 bathrooms, roughly 4,060 living square feet, and sits on an approximately 4,993 square foot lot. 3724 Kelton Ave #4 was first listed on ArdentRealEstateGroup.com on January 13, 2022. The homeowner sold the property for $1,675,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 34.37% higher than the current median priced home. Local homes that are currently for sale include 1952 S Corning St, 5869 Dauphin Ave and 8607 Airdrome St. While the average home in Los Angeles, CA is selling in 92 days, 3724 Kelton Ave #4 has a days on market of 118 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 3724 Kelton Ave #4 Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3724 Kelton Ave #4

Public county record property details
Beds
8
Baths
7
Year built
1966
Sq. Ft.
4,060
Lot Size
4,993
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
4252-025-039

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,895,000
Median List Price/Sq.Ft.
$900
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
44
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 3724 Kelton Ave #4

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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