Skip to main content

Stacey Alysson Melman

3662 Keystone AV
Los Angeles, CA, 90034
$2,500,000
10 Beds
11 Baths
7,512 SqFt
0.17 Acres
Add
MLS #25501053 image #0
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.
AGENT: Peter James
LISTING BROKERAGE: Lyon Stahl Investment Real Estate, Inc.
3662 Keystone AV
Los Angeles, CA

Property Details

Price:
$2,500,000
MLS #:
25501053
Status:
Active
Beds:
10
Baths:
11
Type:
Single Family
Neighborhood:
c13palmsmarvista
Listed Date:
Feb 24, 2025
Finished Sq Ft:
7,512
Total Sq Ft:
7,512
Lot Size:
7,502 sqft / 0.17 acres (approx)
Year Built:
1961
Community GatedC13 – Palms – Mar VistaC13palmsmarvistaNone
Ask a Question

See this Listing

Send
  

Schools

Interior

Appliances
Oven, Range, Refrigerator
Cooling
None
Heating
Wall Furnace
Levels
Multi/Split

Exterior

Construction Materials
Wood Siding, Stucco
Direction Faces
West
Lot Features
Rectangular Lot
Parking Features
Covered, Assigned, Tandem, Side By Side
Parking Spots
10
Parking Total
10
Roof
Rolled/Hot Mop
Security Features
Gated Community
Stories
2
View
None

Financial

Gross Operating Income
$189,394
Net Operating Income
$120,183

Map

Community

Similar Listings Nearby

broker reciprocity
MLS# 26993755broker reciprocity
336 N Palm DR
Beverly Hills, CA

$3,250,000

3.7 miles away

broker reciprocity
MLS# 22213147broker reciprocity
2636 Virginia RD
Los Angeles, CA

$3,250,000

4.0 miles away

broker reciprocity
MLS# 26857777broker reciprocity
8024 Stewart AV
Los Angeles, CA

$3,250,000

3.9 miles away

broker reciprocity
MLS# 26985335broker reciprocity
10461 Wilkins AV
Los Angeles, CA

$3,250,000

2.8 miles away

broker reciprocity
MLS# 26988853broker reciprocity
41 Vicente TE
Santa Monica, CA

$3,250,000

4.9 miles away

broker reciprocity
MLS# 26991989broker reciprocity
2824 Grand Canal
Venice, CA

$3,250,000

4.3 miles away

broker reciprocity
MLS# 26865753broker reciprocity
11420 Biona DR
Los Angeles, CA

$3,249,000

1.1 miles away

broker reciprocity
MLS# 26985353broker reciprocity
1039 Nowita PL
Los Angeles, CA

$3,249,000

3.3 miles away

broker reciprocity
MLS# 26991419broker reciprocity
3207 Thatcher AV
Marina del Rey, CA

$3,245,000

3.4 miles away