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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Presented By: Peter James with Lyon Stahl Investment Real Estate, Inc.;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25501053
  • 02/24/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 10
  • Baths • 11
  • 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. 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
Basement (Y/N)No
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Total Stories2

General for 3662 Keystone Avenue

Additional Parcels Y/NNo
AppliancesOven, Range, Refrigerator
Attached Garage No
Cap Rate4.59
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
Construction MaterialsStucco, WoodSiding
CoolingNone
CountyLos Angeles
DirectionsLocated on Keystone Ave between Tabor St and Regent St, east of Overland
Electric On Property Y/NNo
Facing DirectionWest
Full Baths
Garage Y/NYes
Gross Income187116.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet7502.0
Lot Size UnitsSquareFeet
MLS AreaC13 - Palms - Mar Vista
MobileHomeRemainsYNNo
Net Operating Income114841.0
New ConstructionNo
Number Of Units Total9
Occupancy TypeTenant
Pool FeaturesNone
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
RoofRolledHotMop
Security FeaturesGatedCommunity
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 Total7512.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.1722
Lot Size Area7502.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned, Covered, Garage, SideBySide, Tandem
Private PoolNo
SpaNo
Total Parking10.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $2,500,000
MLS#25501053
List Date 02/24/2025
Property Type Multi-Family
Phone 714.742.6515
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