3664 Kelton, Los Angeles, CA 90034

Description

Ready to issue permits ("RTI") for a brand-new duplex + JADU totaling nearly 4,500 sqft. 3664 Kelton Ave offers one of the most compelling development opportunities in booming Palms-Mar Vista area. This R2-zoned, mid-block property comes with approved plans for a duplex consisting of two (2) spacious 2,020 sqft units - Unit A: 3br/3.5ba + flex room; Unit B: 4br/4.5ba with a private yard. Additionally, there is a 220 sqft JADU with its own dedicated entrance. This layout is ideal for multi-generational living, luxury rental income - with an estimated gross monthly income of $16k - $18k/mo or $204k/yr - or a savvy way for an owner-user to subsidize their monthly expense with rental revenue. Set on a deep lot in one of the Westside's fastest-growing neighborhoods, 3664 Kelton Ave gives buyers multiple ways to unlock value: (a) move forward immediately with the RTI plans for a striking ~4,500 sqft new-construction project, (b) renovate or expand the existing 2-bed, 1-bath home, restoring its charm and adding modern comfort and style, (c) start fresh with your own vision, capitalizing on generous R2 zoning and continued demand for new housing. There is no requirement to proceed with the current RTI plans; the next owner retains full flexibility to rehab, redesign, or reimagine the property entirely.

Features

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• 0.11 Acres
• 1 Story