3425 Jasmine Avenue

Los Angeles, CA 90034

$3,100,000
Last Sold Price
11
Beds
9
Baths
6,451 Sq. Ft.
$481 / Sq. Ft.
6,451
Sq. Ft.
$481
per Sq. Ft.

Description

Beautifully maintained 9 unit apartment building in prime Palms. The property consists of 1 - Single, 5 - 1 bedroom + 1bath, 2 - 2 bedroom + 1.5 bath and 1 - 2 bedroom + den + 2 bath units. The building is 6,451 square feet and sits on a 7,536square foot lot. It is individually metered for gas and electricity. The rents are below market and there is upside in the rents. Several of the units have been upgraded with new flooring, kitchen and bathroom counter tops and appliances. It is located in the...Beautifully maintained 9 unit apartment building in prime Palms. The property consists of 1 - Single, 5 - 1 bedroom + 1bath, 2 - 2 bedroom + 1.5 bath and 1 - 2 bedroom + den + 2 bath units. The building is 6,451 square feet and sits on a 7,536square foot lot. It is individually metered for gas and electricity. The rents are below market and there is upside in the rents. Several of the units have been upgraded with new flooring, kitchen and bathroom counter tops and appliances. It is located in the high demand area of Palms adjacent to Culver City - one of the most desirable locations in Los Angeles. The area is undergoing an enormous transformation with the construction of many new apartment buildings as well as major entertaining companies such as Amazon, Apple and HBO opening offices nearby. Close to the future Google campus. Minutes to Culver City's popular restaurants, bars, fitness centers and theaters. Close to the Expo Line and the405 and 10 freeways. The earthquake soft story retrofit work has been completed.
  1. Listed by Michael A Salerno • DRE #01212427 • Brokerage DRE #01212427 • Michael Anthony Salerno

Property Details for 3425 Jasmine Avenue

Zoning
LAR3
Parcel Number
4314015005
Total Units
9.0
Living Area
6451
Source Living Area
Vendor Enhanced
Area
Palms - Mar Vista (C13)
Vacancy Rate
5
Lot Size Area
7503

Location

Listing Courtesy of Michael Anthony Salerno, Michael A Salerno, DRE #01212427

Sold By Keller Williams Realty Westside, Evan Kajan, DRE #01835078

Add your commute
LISTING UPDATED: 06/23/2022 03:20 PM

Property Details for 3425 Jasmine Avenue

StatusSold
MLS #22-158575
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1966
Lot Size0.17 AC / 7,503 SF
CountyLos Angeles County

Location

Listing Courtesy of Michael Anthony Salerno, Michael A Salerno, DRE #01212427

Sold By Keller Williams Realty Westside, Evan Kajan, DRE #01835078

Add your commute

Building Information for 3425 Jasmine Avenue

Stories2Residences-Year Built1966Building Size-Lot Size0.17 AC / 7,503 SF

Payment Calculator

$20,182 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,918

Property Taxes

$3,264

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3425 Jasmine Avenue

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $179,818
  • Net Operating Income: $109,715.00
  • Gross Income: $188,956
  • Gross Rent Multiplier: $16.37
  • Vacancy Allow Dollar: $9,137.00
  • Owner Pays: Water
  • Total Annual Expense: 70103
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7503
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 12
  • Parking Features: Carport
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Other
  • Equipment: None
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-19-2022
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,395.00
  • Unit Actual Rent: $2,395.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,475.00
  • Unit Actual Rent: $1,475.00
  • Unit Projected Rent: $1,475.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,575.00
  • Unit Actual Rent: $1,575.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,829.00
  • Unit Actual Rent: $1,829.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,248.00
  • Unit Actual Rent: $1,248.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $1,995.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,675.00
  • Unit Actual Rent: $1,675.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,675.00
  • Unit Actual Rent: $1,675.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,361.00
  • Unit Actual Rent: $1,361.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $175,518.00
  • Assessed Improvement Percent: 69.7
  • Assessed Land Value: $76,304.00
  • Assessed Land Percent: 30.3
  • Assessed Total Value: $251,822.00

Property History for 3425 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 3425 Jasmine Avenue

Taxable ValueLand$1,020,000Additions$2,142,650Total$3,162,650
Tax Record2023$39,171 ($3,264 / month)
Home Facts
Total Finished SqFt6,451 SqFtAbove Grade Finished SqFt6,451 SqFtLot Size7,503 SqFtStyleMulti-Family Res (5+ Units)Year Built1966ZoningLAR3CountyLOS ANGELESAPN4314-015-005

Schools near 3425 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Michael Anthony Salerno, Michael A Salerno, DRE #01212427

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.