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3824 Keystone Av, Culver City, CA 90232
- Year-One 4.76% Cap Rate
- Brand New Sewer Line
- Ample Parking & Storage On-Site For All Units
- On-Site laundry Facilities
- Less Than 1 Mile From Downtown Culver City & 1 Block To Sony Studios
- Potential To Add An ADU Alongside Retrofit Work
- Buyer To Be Responsible For Earthquake Retrofit
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.
