3760 Jasmine Ave, Los Angeles, CA 90034
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3760 Jasmine Ave, Los Angeles, CA 90034
3760 Jasmine Ave, Los Angeles, CA 90034
3760 Jasmine Ave, Los Angeles, CA 90034
3760 Jasmine Ave, Los Angeles, CA 90034
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$ 5,625,000
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3760 Jasmine Ave Los Angeles, CA 90034

42 Beds

24 Baths

17,702 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 17,702 sqft

Price per Sqft $317

MLS Listing ID 26999205

Bedrooms 42

Year Built 1961

Lot Size 0.497 Acres

Acres 0.4973

Property Sub-Type Multi-Family

Property Description

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

State CA

County Los Angeles

Area Palms - Mar Vista

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Other

Building

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Marcus & Millichap
Sandra Williams

Sandra Williams

Broker Associate

+1(626) 893-5170

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3760 Jasmine Ave