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What Did That Westwood Home Sell For At 1557 Kelton Ave?

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What Did That Westwood Home Sell For?

The Westwood home at 1557 Kelton Ave, LA CA 90024 lasted 3 weeks on the market before accepting an offer on 1/19/14. This home on Kelton, just south of Wilshire, came on the market a few days before New Years Eve for a very ambitious $1,699,000. Had this been a redone home head to toe, that number would have been attainable considering the location and size. However, this home looked to be in very poor condition with an odd floorplan. There were two bedrooms downstairs, with one being more of a den and 2 bedrooms upstairs that had more of an "un-permitted" look to them. All the finishes were vintage 40's and potentially the systems as well. But just a few weeks into the listing, a buyer swooped in and paid a big $1.5m number for this heavy project or teardown home. While the buyer only paid ~88% of the asking price, which is almost unheard of in Westwood where the average is closer to ~100% of the asking price, I believe $1.5m was still a big number for this home. It will be interesting to see if this is torn down for a new project or just gutted and remodeled.

This Westwood home at 1557 Kelton Ave closed on 2/21/14 for 11.7% under the asking price at $1,500,000 |$592 $/sf|. According to the MLS, the home is a 4 bed / 2 bath, 2,534 sq ft home on a 6,704 sq ft lot.