$2,500,000
$200K PRICE DROP

Estimated payment $16,188/month

Total Views 4,119
10 Beds
11 Baths
7,512 Sq Ft
$333 Price per Sq Ft

Highlights

  • Balcony
  • Laundry Room
  • West Facing Home
  • Side by Side Parking
  • Gated Home
  • Rectangular Lot

About This Home

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. 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.

Listing Agent

Peter James

Lyon Stahl Investment Real Estate, Inc. License #01748556 Listed on: 02/24/2025

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 1961

Lot Details

  • 7,502 Sq Ft Lot
  • West Facing Home
  • Gated Home
  • Rectangular Lot

Home Design

  • Split Level Home
  • Rolled or Hot Mop Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 7,512 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 11 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 10 Parking Spaces
  • Covered Parking
  • Side by Side Parking
  • Tandem Parking
  • Assigned Parking

Outdoor Features

  • Balcony

Utilities

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

Community Details

  • 9 Units
  • Rent Control

Listing and Financial Details

  • The owner pays for water, gardener
  • Assessor Parcel Number 4314-009-024

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 7512
  • Lot Acreage: 0.1722
  • Probate: No
  • Stories: 2
  • Year Built: 1961
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range, Oven, Gas
  • Bedrooms: 10
  • Laundry: Laundry Area
  • Laundry Equipment: Lease
  • Total Bathrooms: 11.00
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 332.80

Exterior Features

  • Direction Faces: West
  • Construction: Stucco, Wood Siding
  • Other Features: Balcony
  • Other Structures: None
  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No
  • Roof: Rolled/Hot Mop
  • View: No

Garage/Parking

  • Parking Garage: Tandem, Side By Side, Assigned, Covered Parking
  • Total Parking: 10

Utilities

  • Water Heater: Gas
  • Heating: Wall
  • Security: Gated
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 73.34
  • Assessed Improvement Value: 222791
  • Assessed Land Percent: 26.66
  • Assessed Land Value: 80973
  • Total Assessed Value: 303764
  • Assessor Parcel Number: 4314-009-024
  • Lot Description: Lot Shape-Rectangular, Alley Paved
  • Lot Location: Alley Access
  • Lot Size Area: 7502

Rental Info

  • Owner Pays: Water, Gardener
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.36
  • Number Of Units: 9
  • Rent Control: 100
  • Total Annual Expense: 68989
  • Type Of Units: apt
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 0

Map

Range of Values:

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Average Value
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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
05/08/2025 05/08/25 Price Changed $2,500,000 -3.7% $333 / Sq Ft
04/03/2025 04/03/25 Price Changed $2,595,000 -3.9% $345 / Sq Ft
02/24/2025 02/24/25 For Sale $2,700,000 -- $359 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25501053

The MLS