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3310 Keystone Ave
Los Angeles, CA 90034
Multifamily Property For Sale
·
10 Units
Investment Highlights
- Very Desirable Palms Location Adjacent to Cheviot Hills
- Completed Earthquake Seismic Retrofit - Property is Well Maintained in Excellent Condition!
- Value Add Invesment Opportunity 25% Upside in Market Rents
- 87 Walk Score! Direct walking distance to a plethora of Fine Dining, Shopping, and Entertainment options
- Excellent Unit Mix consisting of (6) 1BR/1BA , (1) 2BR/2BA & (1) 2BR/1BA & (2) Studios
- One Unit being Delivered Vacant!
Executive Summary
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.
Property Facts
| Price Per Unit | $275,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.20% | Lot Size | 0.17 AC |
| Gross Rent Multiplier | 11.76 | Building Size | 7,316 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | ||
| Zoning | [Q]R3-1 - restricted Density Multiple Dwelling | ||
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| Gross Rent Multiplier | 11.76 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,316 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Zoning | [Q]R3-1 - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Patio
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,141 | 400 - 500 |
| 1+1 | 6 | $2,277 | 675 - 750 |
| 2+1 | 1 | $1,389 | 750 |
| 2+2 | 1 | $2,506 | 1,000 |
Property Taxes
| Parcel Number | 4314-021-022 | Improvements Assessment | $195,862 |
| Land Assessment | $84,800 | Total Assessment | $280,662 |
Property Taxes
Parcel Number
4314-021-022
Land Assessment
$84,800
Improvements Assessment
$195,862
Total Assessment
$280,662
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