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Los Angeles, CA 90034 3454 Jasmine Avenue

$2,850,000

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Presented By: Everett Wong with Greysteel California, Inc.; 310-382-6705
  • MLS# PW24079914
  • 04/22/2024
  • Request Tour
  • Request Info
  • BedBeds • 12
  • BathBaths • 13
  • FootageSQFT • 6,598

Home Details

Excellent 9-Unit Palms Opportunity in the heart of Palms. The property features a diverse unit mix consisting of 4 one-bedroom units, 4 two-bedroom units and one Bachelor unit. This property is fully-leased with an additional 20% upside in rents from current to market. There is on-site parking in the front and rear of the property for up to 9 cars - with Accessory Dwelling Unit Potential (Buyer to Verify). The Soft Story Retrofit has been fully completed.
Presented By: Everett Wong with Greysteel California, Inc.; 310-382-6705

Interior Features for 3454 Jasmine Avenue

Other Interior Features

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

Other Rooms

Entry Level1

General for 3454 Jasmine Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.9
Carport Y/NNo
CityLos Angeles
Community FeaturesUrban
CountyLos Angeles
Days on Market7
DirectionsNorth of Palms Boulevard, South of National Boulevard
Electric Expense0.0
Entry LocationFront of Building from Jasmine Ave
Fuel Expense2209.0
Garage Spaces0.0
Garage Y/NNo
Gross Income220884.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense8095.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsConventional
Lot Size Square Feet7502.0
MLS AreaC13 - Palms - Mar Vista
MobileHomeRemainsYNNo
Net Operating Income140745.0
New ConstructionNo
Operating Expense73873.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameJasmine
Tax Lot8
Total Units9
Trash Expense4908.0
View Y/NNo
Water Sewer Expense6625.0
Waterfront Y/NNo
Year Built1960
Year Built SourceAssessor
ZoningLAR3

Exterior for 3454 Jasmine Avenue

Building Area Total6598.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.1722
Lot Size Area7502.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters9
Number of Separate Gas Meters9
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 $2,850,000
MLS#PW24079914
List Date 04/22/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors