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,… Read More 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. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
15
Last Updated
Property Type
Other
Beds
10
Square Ft.
7,512
Lot Size
0.17 Acres
Year Built
1961
MLS Number
25501053
30 Days Snapshot Of 90034
$1,783k
+1%
(avg) sold price
11
+37%
homes sold
102
+67%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range, Oven, Gas, Range/Oven, Refrigerator
Building
7,512 sq ft, Built in 1961, Levels: Multi/Split
Cooling
None
Disclosures
None
Exterior Features
Stucco, Wood Siding
Fireplaces
None
Garage
Tandem, Side By Side, Assigned, Covered Parking
Water Features
Water: Public
Heating
Wall
Laundry
Laundry Area
Lot
LotAcreage: 0.1722, LotSizeArea: 7,502, Lot Shape-Rectangular, Alley Paved, Alley Access
Miscellaneous
None
Parking
TotalParking: 10
Pool
PoolYN: False, None
Property
NumberOfUnits: 9, Zoning: LAR3, Balcony
Roof
Rolled/Hot Mop
Sewer
In Street
Utilities
Gas
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Confirm your time
Fill in your details and we will contact you to confirm a time.
