540 Kelton 502, Los Angeles, California 90024, Los Angeles, 90024 - 2 bed, 3 bath
540 Kelton 502
Los Angeles, California 90024
Property Price
SUMMARY
Analysis of 540 Kelton 502, Los Angeles, California 90024 is currently available with a list price of $849,995. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1964, this property is aged but appears functional and maintained. The description of a 'galley kitchen' and the mention of aging infrastructure in the analysis suggest that while the unit is livable, it likely features outdated styles and components that have not undergone a full modern renovation within the last 15 years. The presence of a bonus room with unverified permits also indicates older modifications rather than a recent professional overhaul.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
- Prime Westwood Location
Situated moments from UCLA and Westwood Village, this property offers exceptional walkability and convenience for students, faculty, and urban professionals, making it a high-demand area for both owners and investors.
- Top-Floor End-Unit Privacy
As a top-floor end-unit, the residence benefits from enhanced privacy, no neighbors above, and abundant natural light with scenic city light views that are rare in dense condominium developments.
CONSRISKS & DEFICIENCIES
- Permit & Square Footage Uncertainty
The bonus room was added by a previous owner and requires the buyer to verify permits and actual square footage, which could present challenges during the appraisal or financing process.
- Aging Infrastructure & HOA Costs
Built in 1964, the building may require more frequent maintenance of aging systems, and the $668 monthly HOA fee is a significant recurring expense for a mid-century complex.
About 540 Kelton 502
COMING SOON! Top-floor end-unit condo in Westwood just moments from UCLA. This light-filled residence features two spacious bedrooms, each with its own en suite bathroom, plus a powder room for guests. A bonus/flex room was added by a previous owner offering space for a home office, den, or guest space (Buyer to verify permits and square footage to their satisfaction). The galley kitchen and in-unit laundry hookups add everyday convenience, while the top-floor end location enhances privacy and natural light throughout. Unit includes 1 secure parking space in the subterranean garage and private storage unit. Community amenities include a pool, elevator, and secure access to the building. Conveniently located close to shops, restaurants, and grocery stores, and near the 405 freeway. Don't miss this prime opportunity for owners and investors!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1964
- Lot Size
- 15,350 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $668.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Warner Avenue Elementary School
Grades K-5 • 1.1 mi
Fairburn Avenue Elementary School
Grades K-5 • 1.4 mi
Nora Sterry Elementary School
Grades K-5 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,191 | 1,828 | 16% |
| Lot Size | 15,350 | 32,849 | 19% |
| Price | $850.0K | $1.26M | 24% |
| Price per sq ft | $714 | $722 | 48% |
| Built year | 1964 | 1982 | 19% |
| HOA | $668.0 | $2.1K | 14% |
| Days on market | 11 | 191 | 1% |
Pricing History
Listed for Sale
Feb 23, 2026
$849,995
Initial Listing
Sold
Apr 24, 2018
$750,000
Public Record
Sold
Nov 15, 2004
$465,000
Public Record
Sold
Jan 10, 2003
$315,000
Public Record