$2,850,000

Estimated payment $17,557/month

11 Beds
12 Baths
7,032 Sq Ft
$405 Price per Sq Ft

Highlights

  • Gated Parking
  • 12 Car Attached Garage
  • Ceiling Fan
  • Palms Middle School Rated A-
  • Laundry Room
  • North Facing Home

About This Home

3602 Keystone Ave is ideally located in the heart of Palms, one of the best rental pockets on LA's Westside and directly adjacent to Culver City. The subject property is a 10 unit apartment building built in 1967. The building boasts an excellent unit mix including (2) 2 bed / 1.5 bath, (7) 1 bed / 1 bath, and (1) studio / 1 bath units spread out over 7,032 net rentable square feet and sits on a 7,504 square foot LAR3 zoned lot. 3602 Keystone is a rare pride-of-ownership offering that has been meticulously maintained over the years, with most units renovated. The property produces excellent in-place cash flow with approximately 14% upside remaining in the rents, giving a future investor a turnkey asset with long term growth potential. Palms has established itself as one of the strongest rental pockets in all of Los Angeles, anchored by its proximity to Culver City's booming tech and media economy. Culver City has become a true "content capital," drawing marquee employers including Apple, Amazon, HBO, Sony Pictures, TikTok, and Pinterest, all within minutes of the subject property. The Overland Blvd corridor immediately surrounding the property is in the midst of a major transformation, with nearly 400 new mixed-use apartment units in the pipeline bringing new retail, density, and vibrancy to the neighborhood, while Downtown Culver City's thriving live-work-dine district, anchored by Ivy Station and The Culver Steps, sits just to the west. The property is easily accessible to all of the Westside's major business hubs, with immediate proximity to the 10 Freeway and the Metro E (Expo) Line connecting tenants to Culver City, Santa Monica, and Downtown LA. The combination of an irreplaceable location, a pristine building, excellent cash flow, and remaining rental upside makes this a compelling opportunity to own a generational asset in one of LA's best neighborhoods.

Listing Agent

Peter James

Lyon Stahl Investment Real Estate, Inc. License #01748556 Listed on: 08/13/2026

Lyon Stahl Investment Real Estate, Inc.

Co-Listing Agent

Will James

Lyon Stahl Investment Real Estate, Inc. License #01734419

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 7,506 Sq Ft Lot
  • North Facing Home
  • Rectangular Lot

Home Design

  • Rolled or Hot Mop Roof

Interior Spaces

  • 7,032 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laundry Room

Kitchen

  • Gas Oven
  • Microwave

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 12 Bathrooms

Parking

  • 12 Car Attached Garage
  • Carport
  • Gated Parking
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • The owner pays for gardener, water
  • Assessor Parcel Number 4314-009-036

Community Details

Overview

  • 10 Units

Building Details

  • Rent Control
  • Vacancy Allowance $7,315

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

7,506 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 7032
  • Lot Acreage: 0.1723
  • Probate: No
  • Stories: 2
  • Year Built: 1967
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven, Microwave, Oven-Gas, Gas
  • Bedrooms: 11
  • Laundry: Laundry Area
  • Total Bathrooms: 12.00
  • Equipment: Ceiling Fan, Refrigerator, Range/Oven, Microwave
  • Price Per S Q F T: 405.29

Exterior Features

  • Direction Faces: North
  • Other Structures: None
  • Paved: Yes
  • Pool: No
  • Roof: Rolled/Hot Mop
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Carport, Garage Is Attached, Private Garage, Assigned, Gated
  • Total Parking: 12

Utilities

  • Water Heater: Gas, Water Heater Unit
  • Cooling: Wall/Window
  • Heating: Wall
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 33.41
  • Assessed Improvement Value: 600221
  • Assessed Land Percent: 66.59
  • Assessed Land Value: 1196118
  • Total Assessed Value: 1796339
  • Assessor Parcel Number: 4314-009-036
  • Lot Description: Lot Shape-Rectangular, Alley Paved
  • Lot Location: Alley Access
  • Lot Size Area: 7506

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.79
  • Number Of Units: 10
  • Rent Control: 100
  • Type Of Units: apt
  • Vacancy Allow: 7315
  • Vacancy Allow Percent: 3.00

Tax Info

  • Private Transfer Taxes: No

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2025 $22,702 $1,796,339 $1,196,118 $600,221
2024 $5,101 $318,910 $89,627 $229,283
2023 $5,029 $312,658 $87,870 $224,788
2022 $4,844 $306,529 $86,148 $220,381
2021 $4,748 $300,519 $84,459 $216,060
2019 $4,634 $292,006 $81,954 $210,052
2018 $4,501 $286,290 $80,348 $205,942
2016 $4,206 $274,790 $77,229 $197,561
2015 $4,158 $270,663 $76,069 $194,594
2014 $4,241 $265,362 $74,579 $190,783
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
08/13/2026 08/13/26 For Sale $2,850,000 -- $405 / Sq Ft
Source: The MLS

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 Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Grant Deed -- None Listed On Document
Grant Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Source: The MLS

MLS Number: 26872159

The MLS
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