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.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
