1738 Kelton Ave
$3,995,000
|
Closed
Property Details
Year Built:
1936/2023
CAP:
6.07
GRM:
12
Cost per Bed:
$249,688
Executive Summary
- Rare student housing investment opportunity in a prime Westwood location
- Recently renovated duplex and two newly built ADU’s with in unit washers and dryers
- 16 fully furnished and fully occupied bedrooms
- Units are rented by the bedspace
- Opportunity for higher rents in the peak summer quarter
- Strong in-place cash flow – 6.07% CAP rate and 12.00 GRM
- Walking distance to Westwood Village, UCLA campus, and local amenities
- Amenities include Bristol Farms, 99 Ranch Market, Equinox Westwood, Whole Foods, and Sprouts Farmers Market
- Unique opportunity – student housing investments rarely come available in Westwood
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