3824 Keystone Ave

Estimated Monthly Payment: $14,593/mo 3824 Keystone Ave, Culver City, CA 90232 MLS# 20-659084 Residential Income Listing Status: Active
15
6,441 sqft
14
0
0
0

REMARKS:

6 UNITS DELIVERED VACANT! Located less than one mile to busy Downtown Culver City and a 1-block walk to Sony Pictures Studio, 3824 Keystone Ave is a highly sought-after 7 Unit value add property. Built in 1960, this two-story fixer features (2) 2 Bed/1 Bath Units, (3) 2 Bed/1.5 Bath Unit, (1) 2 Bed/2 Bath Units, and (1) 3 Bed/2 Bath unit. Current rents shown at market reflect vacant units. The property also features onsite laundry facilities, a front yard, balconies and patios, and (5) tuck under parking spaces in the back and (2) tandem spaces in the front. Regarded as one of the highest demand rental markets in Los Angeles due to the areas increasingly popular entertainment and tech industries, this prime asset is well positioned to be a terrific source of cash-flow and accelerated appreciation. With the ability to achieve a 6.00% cap rate, there is the potential to add an ADU alongside the retrofit work to increase the income even more.

OVERVIEW:

Residential Income
Active
1960
0.15
6441
Other
Other
Other
Other

FEATURES:

Other

ROOM INFO:

15

FINANCIAL:

$3,200,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Elijah Korobkin - Central Realty Advisors Inc

 

 

 

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Data last updated: 12/01/2020