Properties

Los Angeles, CA 90034 3662 Keystone Avenue

3662 Keystone Avenue Los Angeles, CA - Image 13662 Keystone Avenue Los Angeles, CA - Image 23662 Keystone Avenue Los Angeles, CA - Image 3
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3662 Keystone Avenue Los Angeles, CA - Image 43662 Keystone Avenue Los Angeles, CA - Image 53662 Keystone Avenue Los Angeles, CA - Image 63662 Keystone Avenue Los Angeles, CA - Image 7
Presented By: Peter James with Lyon Stahl Investment Real Estate, Inc.;
  • MLS# 25501053
  • 02/24/2025
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  • Beds • 10
  • Baths • 2
  • SQFT • 7,512
  • Garage • 1

Home Details

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. The building features a brand new roof, copper plumbing and was recently repainted. 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.
Presented By: Peter James with Lyon Stahl Investment Real Estate, Inc.;

Interior Features for 3662 Keystone Avenue

Bedrooms

Total Bedrooms10

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths11

Other Interior Features

Air Conditioning Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Total Stories2

General for 3662 Keystone Avenue

Additional Parcels Y/NNo
AppliancesOven, Range, Refrigerator
Cap Rate4.81
CityLos Angeles
Community FeaturesGated
Construction MaterialsStucco, Wood Siding
CoolingNone
CountyLos Angeles
DirectionsLocated on Keystone Ave between Tabor St and Regent St, east of Overland
Facing DirectionWest
Full Baths
Garage Y/NYes
Gross Income192852
HOANo
HeatingWall Furnace
LevelsMulti/Split
Living Area7512
Lot Size Square Feet7502
Lot Size UnitsSquare Feet
MLS AreaC13 - Palms - Mar Vista
Net Operating Income120183
New ConstructionNo
Number Of Units Total9
Occupancy TypeTenant
Pool FeaturesNone
PostalCityLOS ANGELES
Property TypeResidential Income
Rent Control Y/NYes
RoofRolled/Hot Mop
Security FeaturesGated Community
Senior Community Y/NNo
SewerOther
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tenant PaysElectricity, Gas
ViewNone
Year Built1961
ZoningLAR3

Exterior for 3662 Keystone Avenue

Building Area Total7512
Lot FeaturesRectangular Lot
Lot Size Acres0.1722
Lot Size Area7502
Number of Buildings1
Parking FeaturesAssigned, Covered, Garage, Side By Side, Tandem
Private PoolNo
Total Parking10

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $2,500,000
MLS#25501053
List Date 02/24/2025
Property Type Multi-Family
Phone 888.795.6274
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