Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

21

Building size

17,702 sqft

Lot size

21,662 sqft

Year built

1961

Stories

0

Status

Active

Days on market

8

MLS #

248164906

About this property

We are pleased to present a twenty-one (21) unit apartment building located at 3760 Jasmine Ave in Los Angeles, California. The subject property is located in a prime Palms location, just north of Venice Blvd and east of Overland Ave. Located in prime Palms and steps from Culver City, this 21-unit multifamily property offers an attractive unit mix and approximately 55% potential rental upside. The property comprises three one-bedroom, fourteen two-bedroom, and four three-bedroom units, providing a range of housing options for residents. A copper re-pipe was completed in 2004, while on-site amenities include laundry facilities, a rear pool, and carport parking. The carports may present an opportunity for multiple ADU conversions, subject to feasibility and approvals. Residents enjoy convenient access to the Palms Metro E Line, the 10 and 405 freeways, and nearby commercial corridors along Venice, Overland, Washington, and Culver Boulevards. Downtown Culver City, Media Park, restaurants, shops, and entertainment are all within easy reach. With approximately 55% potential rental upside, a predominantly two- and three-bedroom unit mix, and possible carport-to-ADU conversions, the property presents a compelling value-add opportunity in prime Palms. ***PLEASE NOTE: Property is part of a 9-building portfolio. Building may be sold individually or as a portfolio.

Location

3760 Jasmine Avenue

Los Angeles, Los Angeles, CA, 90034