Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

15

Building size

10,461 sqft

Lot size

10,717 sqft

Year built

1966

Stories

0

Status

Active

Days on market

8

MLS #

248172259

About this property

We are pleased to present a fifteen (15) unit apartment building located at 3744 Keystone Ave in Los Angeles, California. The subject property is located in a prime Palms location, just north of Venice Blvd and east of Overland Ave. Located in prime Palms, this 15-unit multifamily property offers approximately 50% potential rental upside and a varied mix of one guest unit, eight one-bedroom units, five two-bedroom units, and one three-bedroom unit. Built by the seller's family, the property features a completed soft-story retrofit, a new roof installed in 2021, a 2004 copper re-pipe, and a new main electrical panel. Residents benefit from on-site laundry and rear tuck-under parking, which may offer opportunities for multiple ADU conversions, subject to feasibility and approvals. The location provides convenient access to the Palms Metro E Line, the 10 and 405 freeways, Downtown Culver City, nearby parks, and surrounding retail, dining, and entertainment destinations along the area's major commercial corridors. With approximately 50% potential rental upside, a diverse unit mix, completed capital improvements, and potential tuck-under parking conversions for ADUs, the property presents a compelling value-add opportunity in prime Palms. ***PLEASE NOTE: Property is part of a 9-building portfolio. Building may be sold individually or as a portfolio.

Location

3744 Keystone Avenue

Los Angeles, Los Angeles, CA, 90034