3310 Keystone Ave - Apartments FOR SALE


Los Angeles, CA 90034- Palms
$2,750,000 USD
310-270-8423
3310 Keystone Ave, Los Angeles, CA for Sale
$2,750,000 USD
Apartments - FOR SALE
1/40
null | 5.2% Cap Rate

3310 Keystone Ave
Los Angeles, CA 90034
Palms


HIGHLIGHTS

  • Very Desirable Palms Location Adjacent to Cheviot Hills
  • 87 Walk Score! Direct walking distance to a plethora of Fine Dining, Shopping, and Entertainment options
  • Completed Earthquake Seismic Retrofit - Property is Well Maintained in Excellent Condition!
  • Excellent Unit Mix consisting of (6) 1BR/1BA , (1) 2BR/2BA & (1) 2BR/1BA & (2) Studios
  • Value Add Invesment Opportunity 25% Upside in Market Rents
  • One Unit being Delivered Vacant!

OVERVIEW

3310 Keystone Street is a well-maintained 10-unit multifamily asset located in the heart of Prime Palms, just minutes from Cheviot Hills, Culver City, and West Los Angeles. The property benefits from an 87+ Walk Score, offering residents convenient access to dining, shopping, entertainment, and major employment hubs throughout the Westside. This value-add investment opportunity presents over 25% upside in market rents through strategic interior upgrades and rent optimization as leases turn. The property features a diverse unit mix consisting of six (6) 1BD/1BA units, one (1) 2BD/2BA unit, one (1) 2BD/1BA unit, and two (2) studio units—appealing to a broad tenant base. Recent capital improvements include a newly completed seismic retrofit, and the electrical main panels do not require replacement, supporting stable, low-risk operations. Several units have already been tastefully upgraded with vinyl plank flooring, granite countertops, and recessed lighting, setting a clear path for future value creation. Situated in a premier West LA submarket, 3310 Keystone offers investors the opportunity to acquire a rare Palms asset in one of Los Angeles’ most desirable and supply-constrained rental markets.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$376 USD /SF

# OF UNITS

10

PRICE/UNIT

$275,000

CAP RATE

5.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

[Q]R3-1

APN/PARCEL ID

4314-021-022

ASK ABOUT THIS PROPERTY

Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

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Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.