Multifamily Housing
3724 Kelton Avenue Los Angeles, CA 90034
Details & Description
Price: $1,600,000
    The sale of the Kelton Apartments consists of a large 4 unit building situated on a 4992 SF lot zoned R3-1. The property consists of a very attractive unit mix with low rents which gives the new buyer lots of potential rental upside. The building requires government retrofit compliance which is estimated to cost between 25k-40k. There are 4 tandem parking spots which totals 8 total spots.
    Property ID:    272042
    Property URL: melqr.com/272042
    Generated:    05-05-24
    Property Highlights
    • Current rents are well below market leaving additional upside in rents to the new buyer.
    • Potential to purchase the next door 4 unit building.for $1.7M, 10K higher rents
    Listing Agents
    Jordan Petito
    KW Commercial
    O: 310-734-2245
    M: 310-497-4362
    team@americapartner.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    California / Los Angeles / 90034 / 3724 Kelton Avenue

    3724 Kelton Avenue

    Los Angeles, CA 90034

    Listing ID: 272042
    Print Single-Page Version
    3724 Kelton Avenue Los Angeles, CA 90034 | for Sale | Photo 1
    Building Size: 4,060 SF
    Lot Size: 0.115 AC
    Land Size: 4,992 SF
    Building $/SF: $394.09
    Land $/SF: $320.51
    Price
    $1,600,000
    Property Highlights
    Soft Story retrofit required estimated between $25,000-$40,000.
    Current rents are well below market leaving additional upside in rents to the new buyer.
    Very attractive unit mix consisting of a studio, 2 bedroom and 2 x 3 bedrooms.
    Potential to purchase the next door 4 unit building.for $1.7M, 10K higher rents
    Description

    The sale of the Kelton Apartments consists of a large 4 unit building situated on a 4992 SF lot zoned R3-1. The property consists of a very attractive unit mix with low rents which gives the new buyer lots of potential rental upside. The building requires government retrofit compliance which is estimated to cost between 25k-40k. There are 4 tandem parking spots which totals 8 total spots.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Los Angeles History of Multifamily Housing for Sale

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    Los Angeles Area Market Trends

    Listing Demographics for 3724 Kelton Avenue Los Angeles, CA 90034

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population50,370281,963794,921
    Population Median Age373939
    Population by Age0-9 Yrs4121 (8%)28253 (10%)71924 (9%)
    10-19 Yrs3110 (6%)22849 (8%)75322 (9%)
    20-29 Yrs11495 (22%)47446 (16%)142489 (17%)
    30-39 Yrs11930 (23%)52628 (18%)144682 (18%)
    40-49 Yrs7201 (14%)42171 (14%)107146 (13%)
    50-59 Yrs4999 (9%)32555 (11%)94627 (11%)
    60-69 Yrs4082 (8%)27689 (9%)79403 (9%)
    70+ Yrs3432 (6%)28371 (10%)79329 (9%)
    Median HH Income$78,032$88,487$84,455
    Total Household Income< 24K3440 (14%)17438 (14%)59287 (16%)
    25-49K3950 (16%)18899 (15%)52722 (15%)
    50-74K4093 (17%)17006 (13%)48088 (13%)
    75-99K3951 (16%)15761 (12%)40768 (11%)
    100-199K6226 (26%)33510 (27%)91557 (26%)
    200K+2265 (9%)21080 (17%)58614 (16%)
    Highest Education LevelNo Diploma27751846450279
    Diploma or GED38642194665998
    Some College693835054100177
    Assoc. Degree20101091532373
    Bachelors Degree1429272538198898
    Higher Degree1000155945139831
    Total Housing Units25,936133,583387,858
    --Owner-Occupied4,84248,256120,667
    --Renter-Occupied19,08375,439230,369
    Owner-Occupied Values< 100K667121843
    100-199K284041140
    200-299K556092306
    300-399K6914184425
    400-499K14022586441
    500K+448442855104512
    Total Working Age Population44,155238,929684,168
    In Work Force34,350169,897471,118
    Not In Work Force9,80569,032213,050
    Workforce Employed32,706162,319445,086
    Workforce Unemployed1,6447,53925,637
    Civlian Workforce34,350169,858470,723
    Military Workforce040394
    Total Households23,925123,695351,036
    Family Households9,99861,127162,005
    Non-Family Households13,92762,567189,031
    Married Couple7,46346,327117,112
    Other Family2,53514,80044,893
    Married w/Child3,00519,25145,683
    Single Male w/Child2301,5445,316
    Single Female w/Child5203,98712,904

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    California33,871,648+1037,253,956+940,467,295+843,631,295
    Los Angeles County9,519,338+39,818,605+610,369,367+410,759,850

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 3724 Kelton Avenue in Los Angeles?
    The asking price for 3724 Kelton Avenue is $1,600,000
    What is the building size of this Multifamily property in Los Angeles, CA?
    The size of the building/unit at 3724 Kelton Avenue in Los Angeles is 4,060 square feet
    How much land does the Los Angeles, CA property at 3724 Kelton Avenue include?
    3724 Kelton Avenue in Los Angeles includes 0.115 acres of land
    What is the population within 1 mile of 3724 Kelton Avenue in Los Angeles?
    The population within 1 mile of 3724 Kelton Avenue Los Angeles, CA 90034 is 50,370 people.
    Who do I contact for questions about 3724 Kelton Avenue?
    You should contact the listing agent, Jordan Petito, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    Address Price Sq Ft Acres
    3720 Kelton Ave, Los Angeles, CA $4,500,000 15000 0.2
    10830 Kingsland St, Los Angeles, CA $3,550,000 8130 0.18
    10824 Kingsland St, Los Angeles, CA $3,300,000 7340 0.17
    2778 Sawtelle Boulevard, Los Angeles, CA $1,299,000 1828 0.11
    3102 South Durango Avenue, Los Angeles, CA $2,599,000 6546 0.18
    4320 South Centinela Avenue, Los Angeles, CA $7,995,000 21268 0.24
    2015 South Sherbourne Drive, Los Angeles, CA $1,299,000 4302 0.15
    1134 Marco Place, Los Angeles, CA $1,950,000 1870 0.1
    1657 Malcolm Avenue, Los Angeles, CA $1,175,000 9484 -
    2818 Abbot Kinney Boulevard, Los Angeles, CA $1,800,000 1600 0.07

    Closest Commercial Airports

    Airport Distance (mi)
    Los Angeles International Airport (LAX) 5
    John Wayne Airport-Orange County Airport (SNA) 39
    Ontario International Airport (ONT) 47
    Price
    $1,600,000
    Listing Agent
    Jordan Petito - CRE Agent at KW Commercial

    Jordan Petito

    KW Commercial

    VIEW AGENT PROFILE

    CONTACT AGENT

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