3662 Keystone Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90034
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,512 sqft
Price per Sqft $332
MLS Listing ID 25501053
Bedrooms 10
Year Built 1961
Lot Size 7,502 Sqft
Acres 0.1722
Property Sub-Type Multi-Family
Property Description
MAJOR PRICE ADJUSTMENT! We are pleased to present a 9 unit offering in one of the best Palms locations at 3662 Keystone Ave, just a short distance to the new developments along Overland Blvd and short distance to downtown Culver City. The offering consists of (6) 1 Bed, 1 Bath, (1) 2 Bed, 2 Bath, (1) 2 Bed, 1.5 Bath, and (1) Studio, 1 Bath unit that is spread out over 7,512 square feet, which offers spacious unit layouts. The property was built in 1961 and sits on a 7,500 square foot lot that is zoned LAR3. The investment offering provides an excellent value-add opportunity for future investors with rents approximately 30% below market, in one of the best rental pockets of LA's Westside. The building offers 10 parking spaces and on-site laundry for for tenants. With it's excellent unit mix and future upside potential, an investor is poised to take advantage of a generational real estate asset in a prime location that has experienced tremendous growth and development. The Palms market has continued to prove to be one of the best rental pockets in all of Los Angeles. With continued rent growth and low vacancy rates, renters continue to seek out opportunities in the immediate area surrounding the subject property. With Culver City directly to the south, Venice directly west, and high end neighborhoods just to the north, Palms is strategically located to continue to see massive growth. Area amenities include high end restaurants, bars and nightlife along with shopping and a robust office market making it a perennial economic hub in Southern California. With tech companies like Amazon, Youtube and TikTok, the location and rental upside make this an opportunity to own a generational asset in one of LA's best neighborhoods.
Location
State CA
County Los Angeles
Area Palms - Mar Vista
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Fireplaces Type None
Equipment Range/Oven, Refrigerator
Laundry Laundry Area
Exterior
Parking Features Tandem, Side By Side, Assigned, Covered Parking
Garage Spaces 10.0
Pool None
View Y/N No
View None
Roof Type Rolled/Hot Mop
Building
Lot Description Lot Shape-Rectangular, Alley Paved
Story 2
Sewer In Street
Water Public
Level or Stories Multi/Split
Structure Type Stucco, Wood Siding
Others
Special Listing Condition Standard