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$ 5,625,000
Est. payment | /mo
42 Beds
24 Baths
17,702 SqFt
$ 5,625,000
Est. payment | /mo
42 Beds
24 Baths
17,702 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 17,702 sqft
Price per Sqft $317
MLS Listing ID 26999205
Bedrooms 42
HOA Y/N No
Year Built 1961
Lot Size 0.497 Acres
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 C13 - Palms - Mar Vista
Zoning LAR3
Interior
Fireplace No
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4313005022
Special Listing Condition Standard
Listed by Jason Tuvia Marcus & Millichap #01772495
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