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    3761 Jasmine Ave

    Los Angeles, CA 90034
    • $9,900,000
    • STATUS: Active
    • ON SITE: 26 days
    • ID#: 20-591944
    UPDATED: 42 min ago
    $9,900,000
    • 25
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 18,758
      SQFT
    • $528
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1969
    County:

    School Ratings & Info

    Description

    We are proud to present The Jasmine Collection, a 22-unit multifamily building located in the highly sought after Palms & Culver City market. First time on the market! Just minutes away from the new Amazon, Apple and HBO offices. The subject property is situated on a double lot with an excellent unit mix consisting of (13) one-bedrooms, (6) one-bedrooms with offices/dens and (3) two-bedrooms. The courtyard-style apartment community features over-sized units with private patios & balconies. 13 units are currently vacant and have been tastefully renovated with new kitchens, stainless steel appliances, new fixtures, bathroom vanities, vinyl wood floors, in-unit washer dryers and AC systems. This is an excellent opportunity to acquire a property that has been partially renovated with significant upside in 40% of the remaining units. Additionally, the ownership has completed a feasibility study to add five (5) additional ADU units.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-14T14:43:17.627. 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/106949333
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    3761 Jasmine Ave Los Angeles, CA 90034

    • Price: $9,900,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: 20-591944
    25
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    18,758
    SQFT
    $528
    $/SQFT
    1969
    Built
    Neighborhood:
    Palms - Mar Vista
    County:
    Los Angeles
    Area:
    Palms - Mar Vista
    Property Description
    We are proud to present The Jasmine Collection, a 22-unit multifamily building located in the highly sought after Palms & Culver City market. First time on the market! Just minutes away from the new Amazon, Apple and HBO offices. The subject property is situated on a double lot with an excellent unit mix consisting of (13) one-bedrooms, (6) one-bedrooms with offices/dens and (3) two-bedrooms. The courtyard-style apartment community features over-sized units with private patios & balconies. 13 units are currently vacant and have been tastefully renovated with new kitchens, stainless steel appliances, new fixtures, bathroom vanities, vinyl wood floors, in-unit washer dryers and AC systems. This is an excellent opportunity to acquire a property that has been partially renovated with significant upside in 40% of the remaining units. Additionally, the ownership has completed a feasibility study to add five (5) additional ADU units.
    Exterior Features

    Lot Size Area 14999 Other Structures None Parking Garage Covered Parking Total Parking 25

    Interior Features

    Baths Total 25.00 Cooling Air Conditioning Equipment Ceiling FanDishwasherGarbage DisposalMicrowave Heating Wall

    Property Features

    Assessed Total Value 2748818 Gross Income 575796 Gross Operating Income 575796 Like Units1 13 Like Units2 2 Like Units3 4 Like Units4 3 Net Operating Income 357705.00 Number Of Buildings 1 Number Of Units 22 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 200817 Type Of Units Apartments Year Built Source Assessor Zoning Lar4

    Listing provided courtesy of Dominick Faraone DRE#01925895 of Miller & Desatnik Realty Co..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-14T14:43:17.627. 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