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For SaleLuxury

$3,725,000

10,461 sqft$356/sqft30 days on market

3744 Keystone Avenue

Los Angeles, CA 90034

· 8% down, 7% APR, 30yr fixed

21

Beds

20

Baths

10,461

Square feet

1966

Built

Listing narrative

Description

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.

Listing agent (MLS): Jason Tuvia · Listing brokerage (MLS): Marcus & Millichap

Property Details

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Price

$3,725,000

Beds

21 bd

Type

House

Home Size

10,461 sqft

Baths

20

Lot Size

0.25 acres

Year

1966

Status

For Sale

Days on Market

30

$ / Sqft

$356

· 8% down, 7% APR, 30yr fixed
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Courtesy of Marcus & Millichap