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3525 Jasmine Avenue

Los Angeles (City), CA 90034
  • $5,395,000
  • STATUS: Active
  • ON SITE: 223 Days
  • MLS #: SR24162285
Price Reduced
UPDATED: 40 min ago
$5,395,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Listing Agent(s): Warren Berzack of Lee & Associates (818-986-9800)


Description

Price Just Reduced - The Jasmine Apartments are a well maintained rent controlled property located in the City of Los Angeles right on the border of Culver City. This property presents an astute investor a reposition opportunity as there is approximately 28% upside in rents. Additionally, there is a garage that can potentially be converted into an ADU. With ample parking, a great unit mix, and tremendous upside, this property presents an excellent opportunity. Soft-story retrofit requirement has been completed.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-18T16:34:18.76. 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 deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/153394190
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3525 Jasmine Avenue Los Angeles (City), CA 90034

  • Price: $5,395,000
  • Status: Active
  • On Site: 223 Days
  • Updated: 40 min ago
  • MLS #: SR24162285
0
Beds
0
Baths
0
½ Baths
0.34
Acres
1960
Built
Neighborhood:
C13 - Palms - Mar Vista
County:
Los Angeles
Area:
C13 - Palms - Mar Vista
Property Description
Price Just Reduced - The Jasmine Apartments are a well maintained rent controlled property located in the City of Los Angeles right on the border of Culver City. This property presents an astute investor a reposition opportunity as there is approximately 28% upside in rents. Additionally, there is a garage that can potentially be converted into an ADU. With ample parking, a great unit mix, and tremendous upside, this property presents an excellent opportunity. Soft-story retrofit requirement has been completed.
Exterior Features

Carport Spaces 18 Carport YN Yes Entry Level 1 Entry Location 1 Lot Features Landscaped Number Of Separate Electric Meters 21 Open Parking Spaces 8 Parking Features Assigned Parking Total 27 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cable Tv Expense 0 Cap Rate 5.13 Common Interest Community Apartment Community Features Street LightsUrban Electric Expense 4000 Fuel Expense 2129 Garage YN Yes Gross Income 440413 Gross Scheduled Income 440413 Insurance Expense 10893 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 22749 Net Operating Income 276652 New Construction YN No New Taxes Expense 67438 Number Of Separate Gas Meters 21 Number Of Separate Water Meters 1 Operating Expense 150549 Other Expense 2000 Pest Control Expense 861 Pool Expense 2070 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 0 Trash Expense 7109 Vacancy Allowance 13212 Water Sewer Expense 14000 Water Source Public Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-18T16:34:18.76. 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 deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
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Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Warren Berzack of Lee & Associates (818-986-9800)