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Jasmine Apartments 3525 Jasmine Ave 20 Unit Apartment Building £3,772,083 (£188,604/Unit) 5.42% Net Initial Yield Los Angeles, CA 90034
INVESTMENT HIGHLIGHTS
- Excellent Palms Location
- Under LA City Rent Control
- Substantial Rental Upside
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 - 2025) |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
£329,972
|
£21.76
|
| Other Income |
£3,069
|
£0.20
|
| Vacancy Loss |
£9,991
|
£0.66
|
| Effective Gross Income |
£323,050
|
£21.30
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£118,674
|
£7.83
|
| Net Operating Income |
£204,375
|
£13.48
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | £329,972 |
| Annual Per sq ft | £21.76 |
| Other Income | |
|---|---|
| Annual | £3,069 |
| Annual Per sq ft | £0.20 |
| Vacancy Loss | |
|---|---|
| Annual | £9,991 |
| Annual Per sq ft | £0.66 |
| Effective Gross Income | |
|---|---|
| Annual | £323,050 |
| Annual Per sq ft | £21.30 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Total Expenses | |
|---|---|
| Annual | £118,674 |
| Annual Per sq ft | £7.83 |
| Net Operating Income | |
|---|---|
| Annual | £204,375 |
| Annual Per sq ft | £13.48 |
PROPERTY FACTS
| Price | £3,772,083 | Apartment Style | Low-Rise |
| Price Per Unit | £188,604 | Costar Property Class | C |
| Sale Type | Investment | Total Plot Size | 0.34 ac |
| Yield | 5.42% | Property Size | 15,166 sq ft |
| Gross Rent Multiplier | 11.33 | Average Occupancy | 100% |
| No. Units | 20 | No. Floors | 2 |
| Property Type | Build-to-Rent | Year Built | 1960 |
| Property Subtype | Apartment | Parking Allocation | 1.19/1,000 sq ft |
| Use Class | R3-1 | ||
| Price | £3,772,083 |
| Price Per Unit | £188,604 |
| Sale Type | Investment |
| Yield | 5.42% |
| Gross Rent Multiplier | 11.33 |
| No. Units | 20 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.34 ac |
| Property Size | 15,166 sq ft |
| Average Occupancy | 100% |
| No. Floors | 2 |
| Year Built | 1960 |
| Parking Allocation | 1.19/1,000 sq ft |
| Use Class | R3-1 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 16 | - | - |
| 1+1.5 | 1 | - | - |
| 2+1.5 | 2 | - | - |
| 2+2 | 1 | - | - |
1 1
Walk Score®
Excellent pedestrian access (90)
Bike Score®
Good for cycling (86)
PROPERTY TAXES
| Parcel Number | 4314-014-006 | Improvements Assessment | £759,654 |
| Land Assessment | £506,433 | Total Assessment | £1,266,087 |
PROPERTY TAXES
Parcel Number
4314-014-006
Land Assessment
£506,433
Improvements Assessment
£759,654
Total Assessment
£1,266,087
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Jasmine Apartments | 3525 Jasmine Ave
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