3525 Jasmine Avenue

Los Angeles, CA 90034

$5,495,000
Price
6
Beds
24
Baths
15,166 Sq. Ft.
$362 / Sq. Ft.
15,166
Sq. Ft.
$362
per Sq. Ft.

Description

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.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.
  1. Listed by Warren Berzack • DRE #01329015 • Brokerage DRE #01191898 • Lee & Associates • 818-269-2979

Property Details for 3525 Jasmine Avenue

Parking Spaces Total
27
Private Pool
No
Total Units
20.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
15166
Assessor Parcel Number
4314-014-006
Property Attached YN
true
LISTING UPDATED: 10/10/2024 08:36 AM

Property Details for 3525 Jasmine Avenue

StatusActive
MLS #SR24162285
Days on Market119
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
CountyLos Angeles County

Building Information for 3525 Jasmine Avenue

Building/Complex3525 Jasmine AveFloor-Stories2Residences-Pet Policy-Year Built1960Building Size-

Property Information for 3525 Jasmine Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $425,434
  • Gross Scheduled Income: $425,434
  • Vacancy Allowance: 12763
  • Gross Operating Income: $412,671
  • Net Operating Income: $260,872
  • Gross Multiplier: 12.92
  • Cap Rate: 4.75
Expense Details
  • Operating Expense: $151,799
  • New Taxes Expense: $68,688
  • Gardener Expense: $3,167
  • Cable TV Expense: $0
  • Fuel Expense: $2,129
  • Licenses Expense: $2,134
  • Pest Control Expense: $861
  • Pool Expense: $2,070
  • Security Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $4,000
  • Insurance Expense: $10,893
  • Maintenance Expense: $22,749
  • Professional Management Expense: $12,000
  • Workmans Compensation Expense: $0
  • Other Expense: $2,000
  • Other Expense Description: Misc
  • Trash Expense: $7,109
  • Water Sewer Expense: $14,000
  • Supplies Expense: $0
  • Total Expenses: $151,799
Tax / Assessment Info
  • Tax Block: T
  • Tax Tract Number: 1
  • Tax Census Tract: 2699.07
  • CFD/Mello-Roos Fee: $2,566
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Landscaped
  • Number Of Units: 20
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 1
  • Carport Spaces: 18
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 16
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,602
  • Unit Type Total Rent: $25,628
  • Unit Type Pro Forma: 31920
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,826
  • Unit Type Total Rent: $1,826
  • Unit Type Pro Forma: 2095
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,840
  • Unit Type Total Rent: $5,680
  • Unit Type Pro Forma: 7190
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,973
  • Unit Type Total Rent: $1,973
  • Unit Type Pro Forma: 3695
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 21
  • Number Of Separate Water Meters: 1

Property History for 3525 Jasmine Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3525 Jasmine Avenue

Taxable ValueLand$670,633Additions$1,008,195Total$1,678,828
Tax Record2024$22,703 ($1,892 / month)
Home Facts
Total Finished SqFt15,166 SqFtAbove Grade Finished SqFt15,166 SqFtLot Size15,002 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningLAR3CountyLOS ANGELESAPN4314-014-006

Schools near 3525 Jasmine Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Palms Elementary School
PublicK to 5

Palms Middle School
Public6 to 8

Alexander Hamilton Senior High School
Public9 to 12

Cheviot Hills Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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3525 Jasmine Avenue is a multi-family home for sale in Los Angeles, CA 90034. This property was listed for sale on August 5, 2024 by Lee & Associates, it's currently listed at $5,495,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Palms Elementary School, Palms Middle School and Alexander Hamilton Senior High School. 3525 Jasmine Avenue is a 6-bed, 24-bath, 15,166 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lee & Associates, Warren Berzack, DRE #01329015

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.