$2,795,000
$105K PRICE DROP

Estimated payment $18,291/month

Total Views 3,456
10 Beds
11 Baths
7,316 Sq Ft
$382 Price per Sq Ft

About This Home

Improved Pricing with assumable financing at a 4.10% Interest Rate!! Don't miss 3310 S. Keystone Avenue, a rare investment opportunity in the heart of Palms, a thriving and highly sought-after rental market. This 10-unit apartment building, built in 1957, features a well-balanced unit mix, including (6) one-bedroom, one-bathroom units, (1) two-bedroom, two-bathroom unit, (1) two-bedroom, one-bathroom unit, and (2) studio units. Seismic retrofit has been completed for this property. 3310 S. Keystone Avenue presents investors with the opportunity to acquire a well-located, income-generating asset in a market known for strong rental demand and consistent returns. With its desirable location and excellent unit mix, this property is an outstanding addition to any multifamily portfolio. This is one of a 4-property, 37-Unit Westside portfolio which may be delivered individually or collectively. The other addresses are: 1511 Corinth Avenue (8 Units), 1320 S. Carmelina Avenue (9 Units), and 3636 S. Keystone Avenue (10 Units).

Listing Agent

Everett Wong

Greysteel California, Inc. Brokerage Phone: 310-382-6705 License #01991247

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 7,494 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage

Interior Spaces

  • 7,316 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 11 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 23 / E
  • Assessor Parcel Number 4314021022

Community Details

Building Details

  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,828
  • Fuel Expense $4,828
  • Insurance Expense $7,652
  • Professional Management Expense $9,118
  • Trash Expense $5,335
  • Water Sewer Expense $4,828
  • Operating Expense $81,647
  • Gross Income $226,742
  • Net Operating Income $140,051

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

8

Listing Details

  • CapRate: 5.01
  • Price Per Unit: 279500
  • Professional Management Expense: 9118.00
  • Property Attached: No
  • Water Sewer Expenses: 4828.00
  • Zoning: LAR3
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 4314021022
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 382.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 5335.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7494.00
  • Lot Size Acres: 0.1720

Multi Family

  • Electric Expense: 4828.00
  • Fuel Expense: 4828.00
  • Gross Income: 226742.00
  • Gross Multiplier: 12.30
  • Gross Scheduled Income: 226742.00
  • Insurance Expense: 7652.00
  • Lot Size Area: 7494.0000 Square Feet
  • Net Operating Income: 140051.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 81647.00
  • Rent Control: Yes
  • Total Expenses: 81647.00

Tax Info

  • Tax Block: E
  • Tax Census Tract: 2699.09
  • Tax Lot: 23
  • Tax Tract Number: Palms

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2025 04/30/25 Price Changed $2,795,000 -3.6% $382 / Sq Ft
02/03/2025 02/03/25 For Sale $2,900,000 0.0% $396 / Sq Ft
10/08/2024 10/08/24 Off Market $2,275 -- --
10/02/2024 10/02/24 Price Changed $2,275 -0.9% $3 / Sq Ft
10/01/2024 10/01/24 For Rent $2,295 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25024942

California Regional Multiple Listing Service (CRMLS)