3824 Keystone Ave, Culver City, CA 90232

$3,900,000
15
BD
9
BA
6,441
SqFt
Sold Price
$3,900,000
List Price
$3,995,000
Closing Date
Feb 18, 2022
MLS#
22-118771
Year Built
1960
Bedrooms
15
Bathrooms
9
Living Sq. Ft
6,441
Lot Size
6,668
Days on Market
31
Property Type
Multifamily
Stories
2

Property Description

14.28 GRM and 4.76% Cap Rate!! Located 1 block to Sony Pictures Studio and less than one mile to Downtown Culver City, 3824Keystone is an 8 unit property with on-site parking and laundry. Originally built in 1960, this two-story buildingfeatures (1) 1 Bed+1 Bath + large yard, (2) 2 Bed+1 Bath, (3) 2 Bed+1.5 Bath, (1) 3 Bed/2 Bath and (1) Bachelor / Guestroom. The property features a new sewer line, and 7 parking spaces. Regarded as one of the highest demand rental markets in Los Angeles due to its Central + Western location and proximity to major entertainment and tech employers, this prime asset is well positioned to be a terrific source of cash-flow and accelerated appreciation. There is the ability to achieve a 5.87% cap rate by adding an ADU in the front carport - plans have been submitted to the city for both this ADU + seismic retrofit - to be Buyer's responsibility.

Additional Information

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Calculator source: Real Geeks

Courtesy of , Elijah Korobkin - CA DRE# Selling Office: .

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