Renovated Four-Unit Apartment
New
For Sale
$1,295,000
3820 Keystone Ave, Culver City, CA 90232
Each residence includes laundry hookups, while rear-facing garages and additional alley-side parking serve the property.
Property Size2,188 SF
Days on Market3
Property Features for 3820 Keystone Ave
General Information
Standard status
Active
Size
2,188 SF
Total Parking Spaces
7
Property subtype
MULTI_FAMILY
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Utilities to Site
Yes
Amenities
washer and dryer hook-ups
fenced yard
Building Details
Building Size
2,188 SF
Year Built
1947
Buildings
1
Stories
1
Listing Agency:
Cavanaugh Realtors
Listed By:
Daniel John Cavanaugh · License #00576151
(310) 837-7161
Source:
Jademillsestates
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cavanaugh Realtors
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Investment Insights
Based on property information with market context.
This single-story quadplex contains four one-bedroom, one-bathroom apartments, each with a living room, kitchen and dining area, and service porch with washer and dryer hookups. Improvements include updated electrical panels, replacement garage doors, and fresh paint. The property was built in 1947 and has a fenced yard. Four single-car garages face the rear alley, with three open parking spaces along the side alley.
Gas and electricity are separately metered for each apartment; water is paid by the owner. Two units are currently rented on a short-term basis and may be delivered vacant. Plans have been prepared to convert a garage into an ADU exceeding 900 square feet, and the site may allow a second ADU. Potential development of up to 19 units is noted, subject to confirmation with the City of LA.
The property is near Sony Studios, Culver Center, and downtown Culver City.
Gas and electricity are separately metered for each apartment; water is paid by the owner. Two units are currently rented on a short-term basis and may be delivered vacant. Plans have been prepared to convert a garage into an ADU exceeding 900 square feet, and the site may allow a second ADU. Potential development of up to 19 units is noted, subject to confirmation with the City of LA.
The property is near Sony Studios, Culver Center, and downtown Culver City.
Key Highlights
- Four one‑bedroom, one‑bathroom units in a single‑story building
- Four single‑car garages and three open spaces
- Individual gas and electric meters; owner pays for water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,210
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,200
$764.2K
Cap Rate 7%
$545,857
$545.9K
Cap Rate 9%
$424,556
$424.6K
Market Conditions
NOI Build-Up for 2,188 SF
Gross rent
$59.1K $27.00/SF
− Vacancy
−$4.5K −$2.05/SF
EGI
$54.6K $24.95/SF
− OpEx
−$16.4K −$7.48/SF
NOI
$38.2K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,200
Cap Rate 7%
$545,857
Cap Rate 9%
$424,556
Alternative Uses
Best Use
Multifamily LT 5
$545.9K
$477.6K – $636.8K
NOI $38,210 @ 7.0% cap · market cap 2.95%
Second Best
Apartment 5plus
$503.0K
$440.1K – $586.8K
NOI $35,207 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,001 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,283
Businesses Nearby
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Business Placement
Demographics for 90232, CA
16,452
Population
7,995
Households
2.1
Avg Household Size
38
Median Age
64%
College-Educated
91%
High-School Grad
2.2 sq mi
ZIP Area
7,478
Density / Sq Mi
$125,490
Median Household Income
$84,701
Median Earnings
$2,659
Median Rent
$1,491,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes laundry hookups, while rear-facing garages and additional alley-side parking serve the property.
Where is this quadplex located?
The property is located at 3820 Keystone Ave Culver City, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bathroom units in a single‑story building; Four single‑car garages and three open spaces; Individual gas and electric meters; owner pays for water
