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
- Other Buildings
- Other
- Heat
- Other
- Cooling
- Other
- Number of Cars in Garage
- Other
Mortgage Calculator
Courtesy of , Elijah Korobkin - CA DRE# Selling Office: .
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