Jasmine Apartments | 3525 Jasmine Ave
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Jasmine Apartments 3525 Jasmine Ave
20 Unit Block of Flats £4,371,382 (£218,569/Unit) 4.75% Net Initial Yield Los Angeles, CA 90034
Investment Highlights
- 28% Rental Upside
- Palms/Culver City Sub Market
- Repositon Opportunity
Executive Summary
The Jasmine Apartments are a well maintained rent controlled property located in the City of Los Angeles right on the border of Culver City. This property presents an astute investor a reposition opportunity as there is approximately 28% upside in rents. Additionally, there is a garage that can potentially be converted into an ADU. With ample parking, a great unit mix, and tremendous upside, this property presents an excellent opportunity. Soft-story retrofit requirement has been completed.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £4,371,382 | Apartment Style | Low Rise |
| Price Per Unit | £218,569 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Net Initial Yield | 4.75% | Building Size | 15,166 SF |
| Gross Rent Multiplier | 12.92 | Average Occupancy | 100% |
| No. Units | 20 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.19/1,000 SF |
| Price | £4,371,382 |
| Price Per Unit | £218,569 |
| Sale Type | Investment |
| Net Initial Yield | 4.75% |
| Gross Rent Multiplier | 12.92 |
| No. Units | 20 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 15,166 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.19/1,000 SF |
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
| 1+1.5 | 1 | - | - |
| 2+1.5 | 2 | - | - |
| 2+2 | 1 | - | - |
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Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 4314-014-006 | Improvements Assessment | £800,257 |
| Land Assessment | £533,502 | Total Assessment | £1,333,759 |
PROPERTY TAXES
Parcel Number
4314-014-006
Land Assessment
£533,502
Improvements Assessment
£800,257
Total Assessment
£1,333,759
zoning
| Zoning Code | R3-1 |
| R3-1 |
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Jasmine Apartments | 3525 Jasmine Ave
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