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3557 Jasmine Ave

Los Angeles, CA 90034
  • $6,500,000
  • STATUS: Active
  • ON SITE: 13 days
  • ID#: 21-759832
UPDATED: 95 min ago
$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 2021-07-25T23:42:22.103. 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.brandiprattrealestate.com/homes/119232357
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3557 Jasmine Ave Los Angeles, CA 90034

  • Price: $6,500,000
  • Status: Active
  • Updated: 95 min ago
  • 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 2021-07-25T23:42:22.103. 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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eXp Realty of California, Inc.
2603 Camino Ramon, Suite 200
San Ramon CA, 94583