2963 Kelton Avenue, Los Angeles, California 90064, Los Angeles, 90064 - 3 bed, 3 bath
Loading property details...
Los Angeles, California 90064
This West LA Development Asset presents a High-Potential Investment Opportunity with a List Price of $1,500,000. While the asking price exceeds the $1,102,148 Fair Market Value, the valuation is supported by the significant Development Potential of the 5,984 sqft lot in a neighborhood trending toward new luxury construction. With a Condition Rating of 6, the 1935 structure is a prime teardown candidate. Proximity to Top-Rated Schools like Overland Avenue Elementary (9/10) ensures high resale demand for a modern residence. This is a strategic acquisition for Developers or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2963 Kelton Avenue Subject | $1,500,000* List Price | 3 | 3 | 1,766 | $633 | - |
A 10766 Ayres Avenue Sold | $1,100,000 | 3 | 1 | 1,540 | $714 | 0.7 mi |
B 2801 Coolidge Avenue Pending | $1,395,000 List Price | 3 | 2 | 1,475 | $946 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1935 and explicitly marketed as a 'build from scratch' or major remodel opportunity, the property is positioned as a teardown with value primarily in the land and its potential for a new two-story residence, consistent with recent development on the street.
Elementary School: Overland Avenue Elementary School (9/10).
The property is a prime candidate for a major remodel or new construction, supported by the recent development of four new two-story homes on the same street.
Situated within the boundaries of highly-regarded schools, including Clover Avenue Elementary (8/10) and Overland Avenue Elementary (9/10), making it highly attractive for families.
The property is being marketed as a 'fixer' or teardown, requiring substantial additional capital investment for remodeling or rebuilding from scratch.
Built in 1935, the home likely features aged systems and lacks modern amenities, which may present unforeseen challenges and costs during the renovation process.
CHARMING WLA NEIGHBORHOOD !!! BRING YOUR CONTRACTORS AND DESIGNERS TO REMODEL, ADD A SECOND STORY OR BUILD FROM SCRATCH. THE STREET HAS 4 NEW TWO STORY HOMES JUST WAITING FOR ANOTHER ONE. EASY TO SHOW !!!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 45% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,766 | 2,183 | 32% |
| Lot Size | 5,984 | 6,255 | 31% |
| Price | $1.50M | $2.20M | 22% |
| Price per sq ft | $849 | $1.0K | 17% |
| Built year | 1935 | 1946 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 188 | 5% |
Mar 12, 2026
$1,500,000
Initial Listing