3344 Keystone Ave, Los Angeles, CA 90034
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3344 Keystone Ave Los Angeles, CA 90034

$3,250,000
  • 10 Beds
  • 11 Baths
  • 7,638 Sq.Ft.
For Sale
$3,250,000 Get Pre-Qualified

Map preview of 3344 Keystone Ave, Los Angeles, CA 90034

Property Overview: 3344 Keystone Ave Los Angeles, CA has 10 bedrooms, 11 bathrooms, 7,638 living square feet and 7,496 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to offer for sale 3344 Keystone Avenue, a nine-unit apartment community in Palms, an affluent residential neighborhood bordering Culver City. The subject property is located East of Overland Avenue & North of Palms Boulevard, ideally located three blocks away from the I-10 Freeway and one block North of Venice Boulevard allowing tenants convenient access throughout Los Angeles. Nestled between Beverly Hills, Century City, Marina Del Rey, Santa Monica and Venice, 3344 Keystone provides residents with easy access to major thoroughfares and the charm of Palms' vibrant neighborhood. The area captures the essence of urban living providing tenants access to West LA, Downtown Culver City and strong employment opportunities as many of the largest tech companies including Google, Apple, Tesla and Amazon have leased space nearby. Situated on a 7,496 square foot lot, the property is comprised of one studio, six one-bedroom units, and two two-bedroom units. Select units have been upgraded with new flooring, quartz countertops, stainless steel appliances, AC and more. All six of the one-bedroom units have plans to be converted to two-bedroom units as well as the ability to add an Additional Dwelling Unit (ADU), providing new ownership a major repositioning opportunity. The property is professionally managed and offers large floor plans, balconies, on-site parking & laundry. 3344 Keystone Avenue provides investors with a rare opportunity to acquire a well-maintained asset with remaining value-add components in a desirable pocket of West Los Angeles. * The Properties Original Certificate of Occupancy Indicates that there are 9 Apartments; while the LA County Assessor's Record Indicates there are 8 Units. City of Los Angeles goes by Certificate of Occupancy to Determine Legal Units. Buyer must conduct their own Due Diligence Regarding this Matter. ** LA Assessor Indicates 7,638 Square Feet - Buyer to Verify

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 4 minutes ago | Last updated: March 21st, 2024 | Source CRMLS | DOM: 77
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Home details

Lot Sq. Ft
7,496
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24354097
City
Los Angeles
County
Los Angeles
Time on Site
86 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,790
  • Total Rent: $1,790
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,462
  • Total Rent: $1,462
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,184
  • Total Rent: $2,184
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,518
  • Total Rent: $1,518
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,756
  • Total Rent: $2,756
  • Pro Forma/Market Rent: $3,150
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,075
  • Total Rent: $2,075
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,640
  • Total Rent: $3,640
  • Pro Forma/Market Rent: $3,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.01%
  • Gross Rent Multiplier: 12.81
  • Gross Scheduled Income: --
  • Net Operating Income: $162,863
  • Gross Operating Income: $246,335
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3344 Keystone Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two, Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 11
  • Has Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 9
  • Parcel Number: 4314021016
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of Overland Avenue & South of Rose Avenue
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Sale History for 3344 Keystone Ave

Last sold on March 19th, 2004
  • February, 2024

  • Feb 1, 2024

    Date

    Active

    CRMLS: 24354097

    $3,350,000

    Price

  • March, 2004

  • Mar 19, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 3344 Keystone Ave

Assessed Value (2020): $266,745
Year Land Value Improved Value Assessed Value
2020 $78,259 $188,486 $266,745

Home Value Compared to the Market

This property vs the competition

3344 Keystone Ave is listed 160.21% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $425.5 per/sqft which puts the price per square foot 44.88% lower than the median price per square foot for the city of Los Angeles.

About 3344 Keystone Ave

Detailed summary of property

3344 Keystone Ave is a multi family located in Los Angeles, CA 90034 and is currently for sale. This multi family property offers 10 bedrooms, 11 bathrooms, roughly 7,638 living square feet, and sits on an approximately 7,496 square foot lot. 3344 Keystone Ave was first listed on ArdentRealEstateGroup.com on February 1, 2024. The homeowner is currently asking $3,250,000 and was originally asking $3,350,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 160.21% higher than the median priced home. Local competing homes currently for sale include 1833 Benecia Ave, 1818 Midvale Ave and 2621 Chariton St. While the average home in Los Angeles, CA is selling in 97 days, 3344 Keystone Ave has a days on market of 77 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 3344 Keystone Ave Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3344 Keystone Ave

Public county record property details
Beds
9
Baths
9
Year built
1957
Sq. Ft.
7,638
Lot Size
7,495
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
4314-021-016

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,849,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$1,785,000
Median Sold Price/Sq.Ft.
$1,017
Total Inventory
47
Median Sale to List Price %
99.17%
Avg Days on Market
18
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (7.69%), Other (7.69%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.