3741-3745 Jasmine Ave - Apartments FOR SALE


Los Angeles, CA 90034- Palms
$3,990,000 USD
949-279-4547
3741-3745 Jasmine Ave, Los Angeles, CA for Sale
$3,990,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

3741-3745 Jasmine Ave
Los Angeles, CA 90034
Palms


HIGHLIGHTS

  • Convenient Location. Excellent development opportunity.

OVERVIEW

RARE PALMS OPPORTUNITY! 2 buildings (3741 & 3745 Jasmine) totaling 14 units on a large 15,000+sqft lot. Conveniently positioned in one of the best Palms locations, just a short distance to METRO, shopping, restaurants and High Tech Corporate offices. Built in 1953, this property (zoned LAR3) has rent upside potential and is a prime redevelopment opportunity. All 1 bedroom 1 bath units (~650sqft) in a gated community. Units have been well maintained and have updates throughout. On-site laundry which can provide extra income. With a large lot and optimal unit mix, there's tremendous future upside potential in this unique opportunity for a creative investor. The area captures the essence of urban living providing tenants access to West LA, Downtown Culver City and easy access to freeways. 10 parking spaces for tenants plus potential permit on street parking. 5 units are vacant and available for showing by appointment.

FOR SALE DETAILS

PRICE

$3,990,000 USD

PRICE/SF

$435 USD /SF

# OF UNITS

14

PRICE/UNIT

$285,000

CAP RATE

Request Cap Rate

% LEASED

72%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

LAR3

APN/PARCEL ID

4314-005-031

ASK ABOUT THIS PROPERTY

Douglas DiGioreCompassMore Info
949-279-4547

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Douglas DiGioreCompassMore Info
949-279-4547

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