3640 Jasmine Avenue

Los Angeles, CA 90034

$2,168,000
Price
5
Beds
6
Baths
3,930 Sq. Ft.
$552 / Sq. Ft.
3,930
Sq. Ft.
$552
per Sq. Ft.

Description

3640 Palms is a prime investment opportunity in the high sough neighborhood. This multifamily property is built in 1967, totaling 3,930 square feet on a spacious 5,474 square foot lot, zoned LAR3. There are three 1 bedroom, one studio, and one 2 bedrooms unit with a den and 2 baths that can be converted to a 3 bedroom unit. The property has separated gas and electric meter, as well as an onsite laundry facility for additional income. Each unit is adorned hard wood floor, gas stoves, balconies or...3640 Palms is a prime investment opportunity in the high sough neighborhood. This multifamily property is built in 1967, totaling 3,930 square feet on a spacious 5,474 square foot lot, zoned LAR3. There are three 1 bedroom, one studio, and one 2 bedrooms unit with a den and 2 baths that can be converted to a 3 bedroom unit. The property has separated gas and electric meter, as well as an onsite laundry facility for additional income. Each unit is adorned hard wood floor, gas stoves, balconies or patio, two units has fireplace. This pride property has low water landscaping and has 6 open parking spaces with a safe security gate. Earthquake soft story was completed in 2021. This property presents a significant opportunity for investors with an estimate of 30% upside in gross rental income. It is conveniently located in proximity to the beach communities of Culver City, Santa Monica, and the new Expo line station and the 405 and 10 freeways.
  1. Listed by Alan Tran • DRE #01042743 • Brokerage DRE #02003950 • KW Executive • 626-255-7833
  2. Listed by Tiffany Vu • DRE #02038278 • Brokerage DRE #02003950 • KW Executive

Property Details for 3640 Jasmine Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3930
Assessor Parcel Number
4313-003-020
Property Attached YN
true

Location

Listing Courtesy of KW Executive, Alan Tran, DRE #01042743; KW Executive, Tiffany Vu, DRE #02038278
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LISTING UPDATED: 03/21/2024 08:33 AM

Property Details for 3640 Jasmine Avenue

StatusActive
MLS #AR23217476
Days on Market126
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1967
CountyLos Angeles County

Location

Listing Courtesy of KW Executive, Alan Tran, DRE #01042743; KW Executive, Tiffany Vu, DRE #02038278
Add your commute

Building Information for 3640 Jasmine Avenue

Building/Complex3640 Jasmine AveFloor-Stories2Residences-Pet Policy-Year Built1967Building Size-

Payment Calculator

$13,815 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,832

Property Taxes

$1,983

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3640 Jasmine Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $1,054,320
  • Gross Scheduled Income: $1,054,320
  • Net Operating Income: $58,354
  • Laundry Income: $1,560
Expense Details
  • Operating Expense: $47,078
  • New Taxes Expense: $26,916
  • Fuel Expense: $1,368
  • Electric Expense: $0
  • Insurance Expense: $1,850
  • Maintenance Expense: $2,100
  • Professional Management Expense: $1,800
  • Trash Expense: $6,744
  • Water Sewer Expense: $6,300
  • Total Expenses: $47,078
Tax / Assessment Info
  • Tax Tract Number: 5274
  • Tax Census Tract: 2699.06
  • CFD/Mello-Roos Fee: $901
  • Tax Lot: 104
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 5
  • 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: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,089
  • Unit Type Total Rent: $2,089
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 1
Unit 2
  • 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 Actual Rent: $2,118
  • Unit Type Total Rent: $2,118
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 2
Unit 3
  • 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 Actual Rent: $1,102
  • Unit Type Total Rent: $1,102
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 3
Unit 4
  • 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 Actual Rent: $1,391
  • Unit Type Total Rent: $1,391
  • Unit Type Pro Forma: 1700
  • 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 Actual Rent: $2,088
  • Unit Type Total Rent: $2,088
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 3640 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 3640 Jasmine Avenue

Taxable ValueLand$1,419,090Additions$489,167Total$1,908,257
Tax Record2023$23,792 ($1,983 / month)
Home Facts
Total Finished SqFt3,930 SqFtAbove Grade Finished SqFt3,930 SqFtLot Size5,474 SqFtStyleMulti-Family Res (5+ Units)Year Built1967ZoningLAR3CountyLOS ANGELESAPN4313-003-020

Schools near 3640 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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3640 Jasmine Avenue is a multi-family home for sale in Los Angeles, CA 90034. This property was listed for sale on November 28, 2023 by KW Executive, it's currently listed at $2,168,000. 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. 3640 Jasmine Avenue is a 5-bed, 6-bath, 3,930 sqft multi-family home built in 1967.

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 KW Executive, Alan Tran, DRE #01042743; KW Executive, Tiffany Vu, DRE #02038278

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.