3344 Keystone Avenue
Los Angeles, CA, 90034 $ 3,250,000
Bedrooms10 Baths11.0 Sq 7,638 Monthly Estimate*
$ 22,702
Listed by Marcus & Millichap
for $3,250,000 with 10 bedrooms and 11 full baths. This 7,638 square foot home was built in 1957 on a lot size of 0.1721.
We are pleased to offer for sale 3344 Keystone Avenue, a nine-unit apartment community in Palms, an affluent residential neighborhood bordering Culver City. The subject property is located East of Overland Avenue & North of Palms Boulevard, ideally located three blocks away from the I-10 Freeway and one block North of Venice Boulevard allowing tenants convenient access throughout Los Angeles. Nestled between Beverly Hills, Century City, Marina Del Rey, Santa Monica and Venice, 3344 Keystone provides residents with easy access to major thoroughfares and the charm of Palms' vibrant neighborhood. The area captures the essence of urban living providing tenants access to West LA, Downtown Culver City and strong employment opportunities as many of the largest tech companies including Google, Apple, Tesla and Amazon have leased space nearby. Situated on a 7,496 square foot lot, the property is comprised of one studio, six one-bedroom units, and two two-bedroom units. Select units have been upgraded with new flooring, quartz countertops, stainless steel appliances, AC and more. All six of the one-bedroom units have plans to be converted to two-bedroom units as well as the ability to add an Additional Dwelling Unit (ADU), providing new ownership a major repositioning opportunity. The property is professionally managed and offers large floor plans, balconies, on-site parking & laundry. 3344 Keystone Avenue provides investors with a rare opportunity to acquire a well-maintained asset with remaining value-add components in a desirable pocket of West Los Angeles. * The Properties Original Certificate of Occupancy Indicates that there are 9 Apartments; while the LA County Assessor's Record Indicates there are 8 Units. City of Los Angeles goes by Certificate of Occupancy to Determine Legal Units. Buyer must conduct their own Due Diligence Regarding this Matter. ** LA Assessor Indicates 7,638 Square Feet - Buyer to Verify
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FeaturesGeneralHeating Central
Cooling CentralAir
Zoning LAR3
Year Built 1957
Stories 2
Levels Two MultiSplit
Gross Income 245703.0
County Los Angeles
Net Operating Income 162863.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions East of Overland Avenue & South of Rose Avenue
City Los Angeles
View Y/N N
Senior Community Y/N N
Total Units 9
MLS Area C13 - Palms - Mar Vista
Lot Size Square Feet 7496.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Keystone
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 49
Standard Status Active
Year Built Source Assessor
Cap Rate 5.01
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ExteriorTotal Parking 11.0
Lot Size Area 7496.0
Number of Buildings 1
Spa N
Building Area Total 7638.0
Lot Size Acres 0.1721
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Total Bedrooms 10
Electric On Property Y/N N
Total Baths 11
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $22,702
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,986,710
Percent of Sale Price 39%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/21/2024 | $3,250,000 | -2.99% | Price Down |
2/1/2024 | $3,350,000 | | Listed Price |