3640 Jasmine Avenue Los Angeles, CA ^$ 2,168,000

3640 Jasmine Avenue

^$ 2,168,000

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3640 Jasmine Avenue

Los Angeles, CA, 90034

^$ 2,168,000

Bedrooms5 Baths6.0 Sq 3,930

Monthly Estimate*

^$ 15,144

Listed by KW Executive

3640 Jasmine Avenue, Los Angeles, CA 90034 - Image 1

3640 Jasmine Avenue, Los Angeles, CA 90034 - Image 2

3640 Jasmine Avenue, Los Angeles, CA 90034 - Image 3

3640 Jasmine Avenue, Los Angeles, CA 90034 - Image 4

3640 Jasmine Avenue, Los Angeles, CA 90034 - Image 5

3640 Jasmine Avenue, Los Angeles, CA 90034 - Image 6

3640 Jasmine Avenue, Los Angeles, CA 90034 - Image 7

3640 Jasmine Avenue, Los Angeles, CA 90034 - Image 8

3640 Jasmine Avenue, Los Angeles, CA 90034 - Image 9

3640 Jasmine Avenue, Los Angeles, CA 90034 - Image 10

Multi-Family Home for sale in Los Angeles, CA

for $2,168,000 with 5 bedrooms and 6 full baths. This 3,930 square foot home was built in 1967 on a lot size of 0.1257.

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.

Multi-Family Active

Price

^$ 2,168,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.1257

Year Built

1967

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

AR23217476

Days on Market

161

Features

General

Sewer PublicSewer

Zoning LAR3

Garage Spaces 0.0

Pool Features None

Year Built 1967

Tenant Pays Electricity Gas

Property SubType Apartment

Gross Income 1054320.0

Community Features Curbs

County Los Angeles

Net Operating Income 58354.0

Operating Expense 47078.0

Insurance Expense 1850.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions South of 10 freeway and East of 405 freeway

City Los Angeles

Entry Location 1

View Y/N N

Senior Community Y/N N

Total Units 5

MLS Area C13 - Palms - Mar Vista

Lot Size Square Feet 5474.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Jasmine

Listing Terms Conventional

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 1368.0

Trash Expense 6744.0

Water Sewer Expense 6300.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 84

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 104

Total Actual Rent 8346.0

Property Sub Type Additional Apartment

Taxes 26916.0

Exterior

Lot Features Item1115UnitsAcre

Water Source Public

Total Parking 0.0

Lot Size Area 5474.0

Number of Buildings 1

Spa N

Building Area Total 3930.0

Lot Size Acres 0.1257

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 6

Number of Separate Electric Meters 5

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features LaundryRoom

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 3640

* Excluded Features

List By

Kw Executive

Broker

(626) 255-7833

Phone

Affordability Calculator

$15,144

Per Month

Monthly Principal & Interest: $15,144
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,986,710

Percent of Sale Price 8%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/29/2023	$2,168,000		Listed Price

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3640 Jasmine Avenue, Los Angeles, CA, 90034 is a Multi-Family Home for sale at $2,168,000 with 3,930 sqft and a lot size of 0.1257. 3640 Jasmine Avenue has 5 bedrooms, 6.0 baths, and was built in 1967. The property's zip code is 90034 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/8/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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3640 Jasmine Avenue

Multi-Family Home for sale in Los Angeles, CA

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