Edward Ong
Responds Quickly
Corpen Real Estate Group
(669) 200-0582
82 Total Sales
1 in Palms
$1,720,000 Price
3314 Keystone Ave Los Angeles, CA 90034
Palms Neighborhood
12
Beds
9
Baths
6,483
Sq Ft
7,495
Sq Ft Lot
Highlights
- Laundry Facilities
- Palms Middle School Rated A-
- 5-minute walk to Woodbine Park
About This Home
As of July 2016We 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
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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
Parking
- 9 Parking Spaces
- Parking Available
- Assigned Parking
Additional Features
- Leased Washer and Dryer
- 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 6, 2016
Sold by
Silon Steve
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,430,000
Interest Rate
3.61%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Palms, CA
-
Edward Ong
-
Hanna Carlson
Hanna Carlson
Coastal Legacy Realty Group
(844) 605-0084
11 Total Sales
2 in Palms
$1,340,000 Price Range
-
Korinna Sehringer
Korinna Sehringer
Keller Williams Realty Los Feliz
(323) 870-7530
15 Total Sales
2 in Palms
$459K - $1.8M Price Range
-
Brad Hansen
Brad Hansen
ENRG Realty, Inc
(949) 570-5651
88 Total Sales
1 in Palms
$1,150,000 Price
-
Rob Kellner
Rob Kellner
Compass
(352) 309-1647
12 Total Sales
1 in Palms
$1,438,000 Price
-
Louis Maskin
Louis Maskin
Compass
(877) 569-5535
20 Total Sales
1 in Palms
$1,085,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,775,000 | Fnt |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,430,000 | ||
| Previous Owner | Silon Steve | $610,000 | |
| Previous Owner | Silon Steve | $620,000 | |
| Previous Owner | Silon Steve | $577,000 | |
| Previous Owner | Silon Steve | $555,000 | |
| Previous Owner | Silon Steve | $551,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $39,572 | $3,285,029 | $2,426,781 | $858,248 |
| 2025 | $39,572 | $3,220,618 | $2,379,198 | $841,420 |
| 2024 | $39,108 | $3,157,470 | $2,332,548 | $824,922 |
| 2023 | $38,360 | $3,095,560 | $2,286,812 | $808,748 |
| 2022 | $36,597 | $3,034,864 | $2,241,973 | $792,891 |
| 2021 | $36,140 | $2,975,358 | $2,198,013 | $777,345 |
| 2019 | $35,070 | $2,887,110 | $2,132,820 | $754,290 |
| 2018 | $34,896 | $2,830,500 | $2,091,000 | $739,500 |
| 2016 | $15,064 | $1,188,466 | $609,470 | $578,996 |
| 2015 | $14,853 | $1,170,615 | $600,316 | $570,299 |
| 2014 | $14,954 | $1,147,685 | $588,557 | $559,128 |
Source: Public Records
Agents Affiliated with this Home
-
KC
Seller's Agent in 2016
Ken Chasin
Pegasus Investments
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR16076166
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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