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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$2,500,000

Est. payment - /mo

10 Beds

11 Baths

7,512 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,512 sqft

Price per Sqft $332

MLS Listing ID 25501053

Bedrooms 10

HOA Y/N No

Year Built 1961

Lot Size 7,501 Sqft

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. 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.

Location

State CA

County Los Angeles

Area C13 - Palms - Mar Vista

Zoning LAR3

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Appliance Oven, Range, Refrigerator

Exterior

Parking Features Assigned, Covered, Garage, Side By Side, Tandem

Pool None

Community Features Gated

View Y/N No

View None

Roof Type Rolled/Hot Mop

Total Parking Spaces 10

Private Pool No

Building

Lot Description Rectangular Lot

Faces West

Story 2

Entry Level Multi/Split

Sewer Other

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4314009024

Security Features Gated Community

Special Listing Condition Standard

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Listed by Peter James Lyon Stahl Investment Real Estate, Inc. #01748556

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3662 Keystone AVE Los Angeles, CA 90034