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… Read More - 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. Read Less
Property listed by Shelburn Realty Corporation, Kevin Shelburn 310-906-5858
Listing Snapshot
Days Online
8
Last Updated
Property Type
SingleFamilyResidence
Beds
2
Full Baths
1
Square Ft.
960
Lot Size
0.11 Acres
Year Built
1940
MLS Number
25626933
Additional Details
Appliances & Equipment
GasOven, Dryer, Washer
Building
Built in 1940, Living area: 960.0, 1 storey, Levels: One
Fireplaces
None
Floors
Wood
Heating
Gravity, WallFurnace
Interior Features
SeparateFormalDiningRoom
Laundry
Inside
Lot
0.1147 acres, Dimensions: 45x111
Parking
2 total parking spaces, Concrete, DoorMulti, Garage
Pool
None
Property
Other structures: Sheds
Taxes
Parcel Number: 4252024022, Zoning: LARD2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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