3664 Kelton, Los Angeles, CA 90034

Description

Calling All Developers, Investors, and Visionaries! Welcome to 3664 Kelton Ave, a rare R2-zoned opportunity in the heart of Palms - one of LA's fastest-growing neighborhoods. This centrally located, mid-block traditional-style home sits on a generous lot and offers multiple paths to unlock serious value: (a) Rehab the existing structure, enhancing or expanding upon the current 2-bedroom, 1-bath layout. Whether you restore its charm or add square footage, there's plenty of potential to create a comfortable and stylish home with character, (b) Start fresh and bring your own vision to life. On this R2 lot, you can maximize buildable square footage to well over 4,000 SF, offering flexibility for a new construction single-family home, duplex, or more - perfect for those seeking to customize their home or maximize long-term value, (c) Move forward with the seller's existing plans, already submitted to the city, for a brand-new 4,200 SF residence plus 215 SF garage, featuring a front and rear home + attached JADU. Estimated ARV (after-repair value) is $3.2M, which pencils out to just $760/SF for new construction in a thriving Westside submarket. Whether you're a builder, developer, flipper or end-user, this is your chance to enter a prime location with multiple upside strategies at a low cost basis. With its R2 zoning, deep lot, and development momentum already underway, 3664 Kelton Ave is a canvas ready to meet the moment.

Features

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• 0.11 Acres
• 1 Story