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    The Largest CRE Database in the US with Over 1 Million Listings

    540 Kelton Ave Los Angeles, CA 90024

    Sponsored
    For Sale
    $835,000

    Condominium, Contemporary - Los Angeles, CA

    Type:Condominium
    Property size:
    1,259 SF
    Lot size:
    15,345.00 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 5 at 6:06 am

    Property Features for 540 Kelton Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Condominium
    Standard status
    Active
    Security features
    Security System
    Window features
    Double Pane Windows
    Rooms
    Bedroom 1, Bedroom 2, Kitchen, Living Room
    Bedrooms
    2
    APN
    4363011063
    Parking
    1
    Parking features
    Assigned, Driveway, Gated
    Pool private
    1
    Interior features
    Built-in Features, Quartz Counters, Ceiling Fan(s), Trash Chute, Stone Counters, Granite Counters, Storage, Open Floorplan, Elevator, Crown Molding, Sliding Doors, Mirror Closet Door(s), Carbon Monoxide Detector(s), Security System, Window Features: Double Pane Windows, Insulated Windows, Solar Tinted Windows, Low Emissivity Windows, Blinds, Screens
    Exterior features
    Fence, Pool, Community Features Included: Curbs, Sidewalks, Walkstreet, Sprinklers None
    Fencing
    Fenced
    Accessibility
    Accessible Elevator Installed
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Microwave, Refrigerator, Washer
    Size
    1,259 SF
    Lot size
    15,345.00 Acres

    Taxes and HOA fees

    Expense value
    701
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Ductless, Electric

    Building Details

    Year built
    1964
    Floors in Building
    1
    Number of units
    26
    Flooring type
    Laminate, Tile
    Building materials
    Stucco
    Architectural style
    Contemporary

    We can help!

    Listing Contact
    Cheyenne Wilbur

    DPP (626) 683-0777

    Listing agent Cheyenne Wilbur (626) 683-0777 License #01292401

    Listing date Feb 3, 2026

    MLS# P1-25718 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Los Angeles Condo Near UCLA

    Located in close proximity to UCLA, this second-floor condominium is one of 26 units in a well-maintained, five-story building where most units are rented to UCLA students. This corner unit features 9-foot ceilings and an open floor plan. The living room and dining room receive ample natural light through a wall of vinyl, double-pane, UV-coated, sliding glass picture windows with medium-blade Venetian blinds. The unit features wide-plank, wood laminate flooring, crown and baseboard molding, and built-in contemporary wood cabinets in the dining area. The galley kitchen is equipped with an electric Schott Ceran stovetop and oven, a Frigidaire dishwasher and refrigerator, and a built-in stainless steel Frigidaire microwave. The kitchen also includes contemporary wood cabinets, a pantry closet, midnight quartz counters with sea foam, subway glass tile backsplash, and a double stainless steel sink with a gooseneck faucet. Each of the two bedrooms has its own full bathroom. The master bedroom is spacious and features vinyl, double-pane, UV-coated windows with medium blade Venetian blinds, two large closets with mirrored sliding doors, and a ceiling fan/light. The master bathroom has sea foam, subway glass tile walls, ceramic tile flooring, a granite top vanity, a shower over tub, and a Kohler toilet. The second bedroom includes a ceiling fan/light, a large closet with mirrored sliding doors, and a bathroom with opaque windows, a shower over bath, a Kohler toilet, a Decolav porcelain basin sink set atop a granite top vanity, and ceramic tile flooring. There is also a guest bathroom in the foyer with ceramic tile flooring, a Kohler toilet, and a granite top vanity. The hallway includes a laundry closet with a stacked GE washer/dryer, as well as a closet with sliding mirror doors. Each room has a Toshiba portable air conditioner. The property includes a storage closet in the basement, a single parking space in a secured garage, an outdoor pool, and a picnic area. The HOA fees cover water, trash, grounds maintenance, and earthquake insurance. The location is near Westwood Village and the 405 interstate. The property size is 1259 square feet and the lot size is approximately 0.35 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    All In One Garage ... Building Supply 540 Kelton Apartment Building

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.45332
    Latitude
    34.06717

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    FAQs

    What type of property is this?
    Residential income property - Contemporary condo near UCLA, ideal for student rentals.
    Where is this residential income property located?
    The property is located at 540 Kelton Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $835,000.
    What are key features of this property?
    This property features: - Prime location near UCLA and Westwood Village, ideal for students; - Two bedrooms, each with its own full bathroom; - Modern kitchen with stainless steel Frigidaire appliances and quartz countertops
    (626) 683-0777
    Request Owner's contact information
    540 Kelton Ave Los Angeles, CA 90024
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    Los Angeles, CA 90024
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    540 Kelton Ave Los Angeles, CA 90024
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    We can help!
    Listing Contact
    Cheyenne Wilbur
    Real Estate License ID: 01292401
    (626) 683-0777
    Learn more
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