NOT LISTED FOR SALE

3314 Keystone Ave Los Angeles, CA 90034

Palms Neighborhood
12 Beds
9 Baths
6,483 Sq Ft
7,495 Sq Ft Lot

Last Sold July 08, 2016

Last sale price $2,775,000 $428 Per Sq Ft

18 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • 5-minute walk to Woodbine Park

About This Home

As of July 2016

We are pleased to offer an extremely rare opportunity to acquire 3314 Keystone
Ave., a 9-unit garden-style multifamily investment property located
within the Palms submarket of West Los Angeles. Situated one block
east of Overland Ave. between Palms Blvd. & I-10, the Property benefits
from its convenient proximity to Culver City, Century City and
Westwood.
Property is comprised of a favorable mix of nine (9) units totaling
6,483 SF of gross leaseable area situated on a 7,495 SF lot. The large
units, which average 720 SF offer a unit mix of (5) one-bedroom / one bathroom
units, (2) two-bedroom / one and one half-bathroom units,
(1) three-bedroom / 1 and 1/2 bathroom unit and (1) single unit.
The Property features secured, covered parking as well as secured entry
access offering the discerning demographic of renters a strategic
advantage over other competing buildings.
The Property is part of a 2-property multifamily
portfolio consisting of 21-units located throughout Pico-Robertson & Palms. Owned by the same family for 20+ years, this
once-in-a generation acquisition opportunity is offered to investors
separately or as a portfolio.

Last Agent to Sell the Property

Ken Chasin

Pegasus Investments License #00776468 Listed on: 04/11/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 7,495 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • 6,483 Sq Ft Home

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 9 Parking Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 22
  • Tax Tract Number 2699
  • Assessor Parcel Number 4314021021

Community Details

Building Details

  • 9 Leased Units
  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • Insurance Expense $3,600
  • Trash Expense $140
  • New Taxes Expense $32,400
  • Gross Income $13,889
  • Net Operating Income $108,335

Additional Features

  • 9 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Inclusions: Kitchen appliances.
  • Other Phone Description: 310-691-1350
  • Other Phone Number: 310-691-1350
  • Property Attached: No
  • Road Frontage Type: Alley
  • Property Type: Residential Income
  • Parcel Number: 4314021021
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 428.04

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 140.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains, Suburban

Lot Info

  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Lot 6500-9999
  • Lot Size Sq Ft: 7495.00
  • Price Per Lot Square Foot: 360.24

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 13889.00
  • Gross Scheduled Income: 166669.00
  • Insurance Expense: 3600.00
  • Laundry Equipment Own Lease: Lease
  • Net Operating Income: 108335.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Number Wall A C: 9
  • Operating Expense: 58334.00
  • Rent Control: Yes
  • Total Actual Rent: 13664.00

Tax Info

  • New Taxes Expense: 32400.00
  • Tax Lot: 22
  • Tax Tract Number: 2699

Range of Values:

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Average Value
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List Price
Sold Price
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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
07/08/2016 07/08/16 Sold $2,775,000 +2.8% $428 / Sq Ft
04/29/2016 04/29/16 Pending -- -- --
04/11/2016 04/11/16 For Sale $2,700,000 -- $416 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Ken Chasin

    Pegasus Investments

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16076166

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90034 Palms

3314 Keystone Ave, Los Angeles, CA

This home is located at 3314 Keystone Ave, Los Angeles, CA 90034 since 11 April 2016. This property was built in 1967. 3314 Keystone Ave is a home located in Los Angeles County with nearby schools including Palms Elementary School, Palms Middle School, and Alexander Hamilton Senior High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. 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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