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.
Property Details
Price:
$2,700,000
MLS #:
25501053
Status:
Active
Baths:
0
Address:
3662 Keystone Avenue
Type:
Residential Income
Neighborhood:
c13palmsmarvista
City:
Los Angeles
Listed Date:
Feb 24, 2025
State:
CA
ZIP:
90034
Lot Size:
7,502 sqft / 0.17 acres (approx)
Year Built:
1961
See this Listing
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Schools
Interior
Appliances
Refrigerator, Range, Oven
Cooling
None
Fireplace Features
None
Heating
Wall Furnace
Exterior
Lot Features
Rectangular Lot
Parking Features
Tandem Garage, Side by Side, Assigned, Covered
Parking Spots
10.00
Pool Features
None
Roof
Rolled/ Hot Mop
Security Features
Gated Community
Sewer
Other
Stories Total
2
View
None
Financial
Tenant Pays
Gas, Electricity
Map
Community
- Address3662 Keystone Avenue Los Angeles CA
- AreaC13 – Palms – Mar Vista
- CityLos Angeles
- CountyLos Angeles
- Zip Code90034
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3662 Keystone Avenue
Los Angeles, CA
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