3454 Jasmine Avenue

Los Angeles, CA 90034

$2,850,000
Price
12
Beds
13
Baths
6,598 Sq. Ft.
$432 / Sq. Ft.
6,598
Sq. Ft.
$432
per Sq. Ft.

Description

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.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.
  1. Listed by Everett Wong • DRE #01991247 • Brokerage DRE #01984315 • Greysteel California, Inc. • 310-382-6705

Property Details for 3454 Jasmine Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
9.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
6598
Assessor Parcel Number
4313-001-017
Property Attached YN
false

Location

Listing Courtesy of Greysteel California, Inc., Everett Wong, DRE #01991247
Add your commute
LISTING UPDATED: 04/29/2024 05:56 AM

Property Details for 3454 Jasmine Avenue

StatusActive
MLS #PW24079914
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1960
Lot Size0.17 AC / 7,502 SF
CountyLos Angeles County

Location

Listing Courtesy of Greysteel California, Inc., Everett Wong, DRE #01991247
Add your commute

Building Information for 3454 Jasmine Avenue

Stories2Residences-Year Built1960Building Size-Lot Size0.17 AC / 7,502 SF

Payment Calculator

$18,754 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,554

Property Taxes

$3,200

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3454 Jasmine Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $220,884
  • Gross Scheduled Income: $220,884
  • Net Operating Income: $140,745
  • Gross Multiplier: 12.9
  • Cap Rate: 4.9
Expense Details
  • Operating Expense: $73,873
  • Fuel Expense: $2,209
  • Electric Expense: $0
  • Insurance Expense: $8,095
  • Professional Management Expense: $8,585
  • Trash Expense: $4,908
  • Water Sewer Expense: $6,625
  • Total Expenses: $73,873
Tax / Assessment Info
  • Tax Block: J
  • Tax Tract Number: 14
  • Tax Census Tract: 2699.07
  • Tax Lot: 8
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: Front of Building from Jasmine Ave
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,508
  • Unit Type Total Rent: $1,508
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 1
Unit 2
  • 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 Garage Attached: Yes
  • Unit Type Actual Rent: $1,830
  • Unit Type Total Rent: $1,830
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $884
  • Unit Type Total Rent: $884
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,238
  • Unit Type Total Rent: $2,238
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,164
  • Unit Type Total Rent: $2,164
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 5
Unit 6
  • 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 Garage Attached: Yes
  • Unit Type Actual Rent: $2,795
  • Unit Type Total Rent: $2,795
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 6
Unit 7
  • 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 Garage Attached: Yes
  • Unit Type Actual Rent: $2,795
  • Unit Type Total Rent: $2,795
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 7
Unit 8
  • 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 Garage Attached: Yes
  • Unit Type Actual Rent: $1,955
  • Unit Type Total Rent: $1,955
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 8
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,238
  • Unit Type Total Rent: $2,238
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 9
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1

Property History for 3454 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 3454 Jasmine Avenue

Taxable ValueLand$1,240,000Additions$1,860,200Total$3,100,200
Tax Record2023$38,402 ($3,200 / month)
Home Facts
Total Finished SqFt6,598 SqFtAbove Grade Finished SqFt6,598 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningLAR3CountyLOS ANGELESAPN4313-001-017

Schools near 3454 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.

3454 Jasmine Avenue is a mixed use property for sale in Los Angeles, CA 90034. This property was listed for sale on April 22, 2024 by Greysteel California, Inc., it's currently listed at $2,850,000. It has been on the market for a total of 12 days and was last sold on April 6, 2023. 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. 3454 Jasmine Avenue is a 12-bed, 13-bath, 6,598 sqft mixed use property 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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Greysteel California, Inc., Everett Wong, DRE #01991247

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.