3741 -3745 Jasmine Avenue, Los Angeles, CA 90034
- $3,000,000
- Sold Price
- $3,000,000
- List Price
- $3,600,000
- Closing Date
- Nov 07, 2025
- Status
- CLOSED
- MLS#
- OC25166083
- Year Built
- 1953
- Lot Size
- 15,005
- Acres
- 0.34
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 80
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
Property Description
RARE PALMS OPPORTUNITY! 2 buildings (3741 & 3745 Jasmine) totaling 14 units on a large 15,000 lot. Conveniently positioned in one of the best Palms locations, just a short distance to METRO, shopping, restaurants and High Tech Corporate offices. Built in 1953, this property (zoned LAR3) has rent upside potential and is a prime redevelopment opportunity. All 1 bedroom 1 bath units (~650sqft) in a gated community. Units have been well maintained. On-site laundry which can provide extra income. With a large lot and optimal unit mix, there's tremendous future upside potential in this unique opportunity for a creative investor. The area captures the essence of urban living providing tenants access to West LA, Downtown Culver City and easy access to freeways. 10 parking spaces for tenants plus permit on street parking. 6 units are vacant and available for showing by appointment.
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Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- Garage Spaces Total
- 10
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 14
- Gross Scheduled Income
- $226,058
- Operating Expense
- 104576
Listing courtesy of Listing Agent: Kevin Sullivan (brokerkevin@gmail.com) from Listing Office: Compass.
Listing sold by Chase Simonton from RE/MAX One
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