3602 Keystone Avenue,Los Angeles, CA 90034
Los Angeles, CA 90034
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.
Details
| MLS # | 26872159 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1967 |
| Days On Site | 15 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | Peter James |
Features
| Bed(s) | 11 |
|---|---|
| Bath(s) | 12 |
| SQ Feet | 7,032 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 10 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.17 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Ceiling Fans |
| Appliances | Gas Oven, Microwave, Oven, Refrigerator |
| Fireplace Yes / No | No |
Exterior
| Roof | Rolled Hot Mop |
|---|---|
| Lot Features | Rectangular Lot |
Parking
| Attached Garage Yes / No | Yes |
|---|---|
| Parking Features | Assigned, Carport, Gated, Private |
Utilities
| Sewer | Other |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90034 |
| Area | C13 Palms Mar Vista |
| Listing VS Median (in 90034) | |
Price: $2,850,000 low | high Med: $2,400,000 sqft: 7,032 low | high Med: 7,321 $ / sqft: $405 low | high Med: $328 On site: 15 low | high Med: 204 | |
Market Activity 90034
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90034 |
| Area | C13 Palms Mar Vista |
| Listing VS Median (in 90034) | |
Price: $2,850,000 low | high Med: $2,400,000 sqft: 7,032 low | high Med: 7,321 $ / sqft: $405 low | high Med: $328 On site: 15 low | high Med: 204 | |
 | $2,395,0003625 Mentone AvenueLos Angeles, CA 90034 |