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

10

Building size

5,352 sqft

Lot size

7,447 sqft

Year built

1984

Stories

0

Heating

None

Cooling

Wall/Window Unit(s)

Status

Active

Days on market

0

MLS #

248976979

About this property

Situated in the high-demand, renter-dominated Palms neighborhood near Culver City and Silicon Beach, this 1984-built multifamily asset offers an exceptional investment opportunity backed by strong local demographics, including an average household income exceeding $135,000 and a highly educated resident base. Most importantly, the building is exempt from the Los Angeles Rent Stabilization Ordinance (RSO), granting ownership significant operational flexibility to capture market-rate rents, execute strategic renovations, and maximize income. The property features an ideal unit mix comprised of spacious one-bedroom layouts - many accented by dramatic cathedral ceilings and private balconies - alongside efficient studio units. Designed to appeal directly to young professionals and tech workers, the asset is fully supported by strong operational infrastructure, including separately metered electricity, individual water heaters, and ample on-site parking with nine total spaces.

Location

3601 Jasmine Avenue

Los Angeles, Los Angeles, CA, 90034