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3744 Keystone Ave

3744 Keystone Av, Los Angeles, CA 90034, USA

UNDER CONTRACT

$3,725,000

Property Details

Listing Agent

Property Type

Multifamily

Units

15

Price Per Unit

$248,333

Price Per SF

$356.08

Cap Rate

5.09%

GRM

11.91

Eial Headshot 2_edited.jpg

Jason Tuvia

Senior Managing Director Investments

(818) 212-2735

Property Description

The Tuvia Group of Marcus and Millichap is 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.

Property Location

3744 Keystone Av, Los Angeles, CA 90034, USA

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Contact

Address

Social

Call

818-212-2735

Marcus & Millichap

16830 Ventura Blvd #100

Encino, CA 91346

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License

#01772495

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