Property listed by Lyon Stahl Investment Real Estate, Inc., Peter James 310-425-9838
$2,500,000
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,… Read More (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. The building features a brand new roof, copper plumbing and was recently repainted. 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
Listing Snapshot
Days Online
253
Last Updated
Beds
10
Square Ft.
7,512
Lot Size
0.17 Acres
Year Built
1961
MLS Number
25501053
Additional Details
Appliances & Equipment
Oven, Range, Refrigerator
Building
Built in 1961, Living area: 7512.0, 1 building, Building faces West, 2 stories, Levels: MultiSplit, Construction Materials: Stucco, WoodSiding
Community
Gated
Cooling
None
Fireplaces
None
Heating
WallFurnace
Income
Gross Income: $192,852, Net Operating Income: $120,183
Lot
0.1722 acres, RectangularLot
Parking
10 total parking spaces, Assigned, Covered, Garage, SideBySide, Tandem
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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