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Los Angeles, CA 90034 3640 Jasmine Avenue

$2,168,000

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Presented By: Alan Tran with KW Executive; 626-255-7833
  • MLS# AR23217476
  • 11/28/2023
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  • BedBeds • 5
  • BathBaths • 6
  • FootageSQFT • 3,930

Home Details

3640 Palms is a prime investment opportunity in the high sough neighborhood. This multifamily property is built in 1967, totaling 3,930 square feet on a spacious 5,474 square foot lot, zoned LAR3. There are three 1 bedroom, one studio, and one 2 bedrooms unit with a den and 2 baths that can be converted to a 3 bedroom unit. The property has separated gas and electric meter, as well as an onsite laundry facility for additional income. Each unit is adorned hard wood floor, gas stoves, balconies or patio, two units has fireplace. This pride property has low water landscaping and has 6 open parking spaces with a safe security gate. Earthquake soft story was completed in 2021. This property presents a significant opportunity for investors with an estimate of 30% upside in gross rental income. It is conveniently located in proximity to the beach communities of Culver City, Santa Monica, and the new Expo line station and the 405 and 10 freeways.
Presented By: Alan Tran with KW Executive; 626-255-7833

Interior Features for 3640 Jasmine Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesLaundryRoom
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 3640 Jasmine Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesCurbs
CountyLos Angeles
Days on Market84
DirectionsSouth of 10 freeway and East of 405 freeway
Electric Expense0.0
Entry Location1
Fuel Expense1368.0
Garage Spaces0.0
Garage Y/NNo
Gross Income1054320.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense1850.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsConventional
Lot Size Square Feet5474.0
MLS AreaC13 - Palms - Mar Vista
MaintenanceExpense2100.0
MobileHomeRemainsYNNo
Net Operating Income58354.0
New ConstructionNo
Operating Expense47078.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameJasmine
Tax Lot104
Taxes$26,916
Tenant PaysElectricity, Gas
Total Actual Rent8346.0
Total Units5
Trash Expense6744.0
View Y/NNo
Water Sewer Expense6300.0
Waterfront Y/NNo
Year Built1967
Year Built SourceAssessor
ZoningLAR3

Exterior for 3640 Jasmine Avenue

Building Area Total3930.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem1115UnitsAcre
Lot Size Acres0.1257
Lot Size Area5474.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,168,000
MLS#AR23217476
List Date 11/28/2023
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors