3704 Kelton Ave, Los Angeles, CA
Excellent Multifamily Development Opportunity Near Downtown Culver City in a Strong Rental Submarket With an Affluent Tenant Base
10,280-Square Foot Lot Zoned LAR3 + Tier 2 TOC
Potential to Build Up to 17 Units and 18,900 Square Feet by Utilizing Tier 2 TOC Incentives (Buyer to Verify)
Suggested Plans Envision All Large Two-Bedroom/Two-Bath Units
Estimated Value of Completed Project is $10,500,000
3704 Kelton Avenue
Los Angeles, CA
The Bogie Group of Marcus & Millichap is pleased to present to market the exciting development opportunity located at 3704 Kelton Avenue in Los Angeles proximate to bustling Downtown Culver City. The property is a 10,280-square foot lot zoned LAR3, and an investor may be able to utilize Tier 2 TOC incentives to maximize the lot’s development potential and build up to 17 units and 18,900 square feet (buyer to verify).
3704 Kelton Avenue is located in a very strong rental market with an affluent tenant base; over 82 percent of housing units within one mile are renter-occupied and the average household income exceeds $103,000. This sought-after area is known for its major employers, such as Sony Pictures (one mile from the property), its popular dining, retail, and entertainment options, and convenient access to beach cities and the 10 and 405 freeways.