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    3541 Jasmine Ave

    Los Angeles, CA 90034
    • $3,500,000
    • STATUS: Active
    • ON SITE: 37 days
    • ID#: 20-621894
    UPDATED: 58 min ago
    $3,500,000
    • 12
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,320
      SQFT
    • $478
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1969
    County:

    School Ratings & Info

    Description

    Dont miss out on this great opportunity for a prime nine unit apartment building in a highly desirable area of the Palms neighborhood of Los Angeles, with upside in rents! Well maintained, pride of ownership building with many upgraded units; some with hardwood floors, Caesar stone and/or granite countertops, and much more! High Walk-Score neighborhood (88), and good access to transit (4 blocks from the Metro E Line Palms Station and easy access to the 10 and 405 freeway on ramps. Current GRM at 16.5, and CAP at 3.94% at actual income and actual expenses with adjustments for the new tax rate. Potential for 4.75% CAP with units at market rent.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-10-01T10:42:21.863. 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.randyplaice.com/homes/109308668
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    3541 Jasmine Ave Los Angeles, CA 90034

    • Price: $3,500,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: 20-621894
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    7,320
    SQFT
    $478
    $/SQFT
    1969
    Built
    Neighborhood:
    Palms - Mar Vista
    County:
    Los Angeles
    Area:
    Palms - Mar Vista
    Property Description
    Dont miss out on this great opportunity for a prime nine unit apartment building in a highly desirable area of the Palms neighborhood of Los Angeles, with upside in rents! Well maintained, pride of ownership building with many upgraded units; some with hardwood floors, Caesar stone and/or granite countertops, and much more! High Walk-Score neighborhood (88), and good access to transit (4 blocks from the Metro E Line Palms Station and easy access to the 10 and 405 freeway on ramps. Current GRM at 16.5, and CAP at 3.94% at actual income and actual expenses with adjustments for the new tax rate. Potential for 4.75% CAP with units at market rent.
    Exterior Features

    Lot Size Area 7500 Other Structures None Parking Garage Driveway - Combination Pool Description None Pool YN No Spa None Spa YN No Style Traditional Total Parking 12 View Description None View YN No

    Interior Features

    Baths Total 11.00 Common Walls Attached Cooling None Equipment Range/Oven Fireplace Rooms None Heating None

    Property Features

    Assessed Total Value 1693466 Gross Income 210910 Gross Operating Income 206717 Like Units1 6 Like Units2 3 Net Operating Income 137827.00 Number Of Buildings 1 Number Of Units 9 Property Condition Updated/Remodeled Sale Type Standard Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 68890 Type Of Units - Water Water District Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Barry Kinyon DRE#01097786 of Sotheby's International Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-10-01T10:42:21.863. 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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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355