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    3557 Jasmine Ave

    Los Angeles, CA 90034
    • $6,500,000
    • STATUS: Active
    • ON SITE: 15 days
    • ID#: 21-759832
    $6,500,000
    • 25
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,813
      SQFT
    • $411
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Two side by side nine (9) unit properties for sale in a prime Palms location on Jasmine Ave., directly adjacent to downtown Culver City. Eighteen (18) total units with an excellent unit mix of two (2) 3 BR + 2 Bath, eleven (11) 1 BR + 1 Bath and two (2) studio units. Current rents are below market, creating a value-add opportunity. Two of the 3 BR + 2 bath units will be delivered vacant. Seismic retrofitting for parking structure has already been completed. High demand rental location due to the rejuvenation of downtown Culver City and its many new entertainment, tech and media job opportunities.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-27T23:42:33.61. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.theparsonsrealestateteam.com/homes/119232357
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    3557 Jasmine Ave Los Angeles, CA 90034

    • Price: $6,500,000
    • Status: Active
    • ID#: 21-759832
    25
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    15,813
    SQFT
    $411
    $/SQFT
    1964
    Built
    Neighborhood:
    Palms - Mar Vista
    County:
    Los Angeles
    Area:
    Palms - Mar Vista
    Property Description
    Two side by side nine (9) unit properties for sale in a prime Palms location on Jasmine Ave., directly adjacent to downtown Culver City. Eighteen (18) total units with an excellent unit mix of two (2) 3 BR + 2 Bath, eleven (11) 1 BR + 1 Bath and two (2) studio units. Current rents are below market, creating a value-add opportunity. Two of the 3 BR + 2 bath units will be delivered vacant. Seismic retrofitting for parking structure has already been completed. High demand rental location due to the rejuvenation of downtown Culver City and its many new entertainment, tech and media job opportunities.
    Exterior Features

    Lot Size Area 14998 Other Structures None Parking Garage TandemCovered Parking Total Parking 16

    Interior Features

    Baths Total 23.00 Cooling None Equipment Ceiling Fan Heating Wall Laundry Community

    Property Features

    Assessed Total Value 700800 Gross Income 407226 Gross Operating Income 395009 Like Units1 2 Like Units2 11 Like Units3 3 Like Units4 2 Net Operating Income 230759.00 Number Of Buildings 2 Number Of Units 18 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 164250 Type Of Units Apartments Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Errol Spiro DRE#01187022 of Miller & Desatnik Realty Co..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-27T23:42:33.61. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    The Parsons Team | Keller Williams Realty
    251 S. Lake Ave #150
    Pasadena CA, 91101