3525 Jasmine Ave - Apartments FOR SALE


Los Angeles, CA 90034- West Los Angeles
$5,495,000 USD
818-933-0350
3525 Jasmine Ave, Los Angeles, CA for Sale
$5,495,000 USD
Apartments - FOR SALE
1/7
null | 4.75% Cap Rate

3525 Jasmine Ave
Los Angeles, CA 90034
West Los Angeles


HIGHLIGHTS

  • 28% Rental Upside
  • Repositon Opportunity
  • Palms/Culver City Sub Market

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,495,000 USD

PRICE/SF

$362 USD /SF

# OF UNITS

20

PRICE/UNIT

$274,750

CAP RATE

4.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jasmine Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,985 SF

ZONING

R3-1

APN/PARCEL ID

4314-014-006

ASK ABOUT THIS PROPERTY

Warren BerzackLee & Associates Commercial Real Estate ServiceMore Info
818-933-0350

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Warren BerzackLee & Associates Commercial Real Estate ServiceMore Info
818-933-0350

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.