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Rick J Lee

rjlrealtygroup@gmail.com +1(714) 943-1598

$ 2,850,000

Est. payment -/mo

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3602 Keystone AVE Los Angeles, CA 90034

11 Beds

12 Baths

7,032 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,032 sqft

Price per Sqft $405

MLS Listing ID 26872159

Bedrooms 11

HOA Y/N No

Year Built 1967

Lot Size 7,505 Sqft

Property Description

3602 Keystone Ave is ideally located in the heart of Palms, one of the best rental pockets on LA's Westside and directly adjacent to Culver City. The subject property is a 10 unit apartment building built in 1967. The building boasts an excellent unit mix including (2) 2 bed / 1.5 bath, (7) 1 bed / 1 bath, and (1) studio / 1 bath units spread out over 7,032 net rentable square feet and sits on a 7,504 square foot LAR3 zoned lot. 3602 Keystone is a rare pride-of-ownership offering that has been meticulously maintained over the years, with most units renovated. The property produces excellent in-place cash flow with approximately 14% upside remaining in the rents, giving a future investor a turnkey asset with long term growth potential. Palms has established itself as one of the strongest rental pockets in all of Los Angeles, anchored by its proximity to Culver City's booming tech and media economy. Culver City has become a true "content capital," drawing marquee employers including Apple, Amazon, HBO, Sony Pictures, TikTok, and Pinterest, all within minutes of the subject property. The Overland Blvd corridor immediately surrounding the property is in the midst of a major transformation, with nearly 400 new mixed-use apartment units in the pipeline bringing new retail, density, and vibrancy to the neighborhood, while Downtown Culver City's thriving live-work-dine district, anchored by Ivy Station and The Culver Steps, sits just to the west. The property is easily accessible to all of the Westside's major business hubs, with immediate proximity to the 10 Freeway and the Metro E (Expo) Line connecting tenants to Culver City, Santa Monica, and Downtown LA. The combination of an irreplaceable location, a pristine building, excellent cash flow, and remaining rental upside makes this a compelling opportunity to own a generational asset in one of LA's best neighborhoods.

Location

State CA

County Los Angeles

Area C13 - Palms - Mar Vista

Zoning LAR3

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Microwave, Oven, Refrigerator

Exterior

Parking Features Assigned, Carport, Gated, Private

Pool None

View Y/N No

View None

Roof Type Rolled/Hot Mop

Total Parking Spaces 12

Private Pool No

Building

Lot Description Rectangular Lot

Faces North

Story 2

Entry Level Two

Sewer Other

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4314009036

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Peter James Lyon Stahl Investment Real Estate, Inc. #01748556

NEARBY SCHOOL & BUSINESS

Rick J Lee

Agent | License ID: 02130981

+1(714) 943-1598

Rick J Lee

3602 Keystone AVE Los Angeles, CA 90034

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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3602 Keystone AVE