540 Kelton Avenue 402, Los Angeles, California 90024, Los Angeles, 90024 - 2 bed, 3 bath
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Los Angeles, California 90024
This High-Potential Investment Opportunity is listed at $720,000, positioned well below the $729,231 Fair Market Value by 1.26%. This valuation gap offers $9,231 in Instant Equity. With a Condition Rating of 4, the unit requires cosmetic updates, providing a clear path for value-add appreciation. Located near UCLA and top-rated schools like Fairburn Avenue Elementary, this end-unit features rare side-by-side parking and a community pool. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a prime Westwood location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 540 Kelton Avenue 402 Subject | $649,000* List Price | 2 | 3 | 1,191 | $577 | - |
A 10933 Wellworth Avenue 18 Sold | $820,100 | 2 | 3 | 1,405 | $584 | 0.9 mi |
B 969 Hilgard Avenue 1002 Sold | $585,000 | 2 | 1 | 958 | $611 | 0.7 mi |
C 1300 Midvale Avenue 408 Active Under Contract | $675,000 List Price | 2 | 3 | 1,377 | $490 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this unit shows signs of a renovation that is likely 25-30 years old, particularly in the kitchen which features dated oak cabinetry and white tile countertops. The presence of popcorn ceilings and mirrored pillars further dates the interior. While functional and move-in ready, the listing's mention of 'TLC' and 'value-add opportunity' confirms it needs cosmetic updates to meet modern standards.
Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
Situated within walking distance to UCLA and Westwood Village, this property offers exceptional convenience for students, faculty, and professionals, ensuring high rental demand and long-term appreciation.
The unit includes two rare side-by-side parking spaces in a secure subterranean garage and a private storage unit, providing significant utility and value in a high-density urban area.
The property is noted as needing 'TLC' and is positioned as a value-add opportunity, implying that immediate capital investment is required for renovations and modernization.
With an HOA fee of $701 per month for a building constructed in 1964, the ongoing maintenance costs are relatively high, which may impact the overall affordability and investor cap rates.
Price reduction!!! This well-laid-out 2 beds, 2.5 baths end unit condo offers excellent potential and is ready for your personal touch. This property can truly shine as a primary residence, rental investment, or value-add opportunity. Enjoy the unbeatable location near UCLA, Westwood Village, shopping, dining, entertainment, and convenient access to major freeways. Light & bright with ample storage space. Rare 2 side x side parking space in the subterranean garage and private storage space. Community pool, elevator and secure access to the building. Easy to show.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-5 • 1.4 mi
Grades K-5 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,191 | 1,243 |
| Lot Size | 15,350 | 24,016 |
| Price | $649.0K | $805.6K |
| Price per sq ft | $545 | $659 |
| Built year | 1964 | 1981 |
| HOA | $701.0 | $684 |
| Days on market | 50 | 71 |
Jul 7, 2026
$649,000
$720,000
-10% Price Drop
Initial Listing
Jun 3, 2026
$720,000
Initial Listing
Jul 26, 2013
$530,000
Public Record
Jun 3, 2010
$499,000
Public Record
Jul 24, 2002
$314,000
Public Record
Apr 11, 2000
$210,000
Public Record