Los Angeles, CA 90034 3525 Jasmine Avenue
$5,395,000
3 more
Presented By: Warren Berzack with Lee & Associates; 818-269-2979
Beds • 23
Full/Half Baths • 5 / 2
SQFT • 15,166
Garage • 1
Year Built • 1960
Home Details
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.
Presented By: Warren Berzack with Lee & Associates; 818-269-2979
Interior Features for 3525 Jasmine Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 3525 Jasmine Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.13
Carport Spaces18.0
Carport Y/NYes
CityLos Angeles
Community FeaturesStreetLights, Urban
CountyLos Angeles
DirectionsEast of the 405. South of the 10. Venice Blvd, North on Jasmine
Electric Expense4000.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense2129.0
Garage Spaces1.0
Garage Y/NYes
Gross Income440413.0
HOANo
Home Warranty Y/NNo
Insurance Expense10893.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet15002.0
Lot Size UnitsSquareFeet
MLS AreaC13 - Palms - Mar Vista
MaintenanceExpense22749.0
MobileHomeRemainsYNNo
Net Operating Income276652.0
New ConstructionNo
Number Of Units Total20
Open Parking Spaces8.0
Operating Expense150549.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot5
Taxes$67,438
Trash Expense7109.0
Water Sewer Expense14000.0
Year Built1960
Year Built SourceAssessor
ZoningLAR3
Exterior for 3525 Jasmine Avenue
Building Area Total15166.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLandscaped
Lot Size Acres0.3444
Lot Size Area15002.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters21
Number of Separate Gas Meters21
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
Pool Charge2070.0
Private PoolNo
SpaNo
Total Parking27.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Clayton Bond
Sales Associate
Price
$5,395,000
MLS#SR24162285
List Date
08/06/2024
Property Type
Multi-Family
Phone
(949) 290-7647
