$5,095,000

Estimated payment $32,641/month

Total Views 215
6 Beds
7 Baths
15,166 Sq Ft
$336 Price per Sq Ft

Highlights

  • 0.34 Acre Lot
  • 4-minute walk to Palms
  • Community Pool
  • Corner Lot
  • No HOA
  • 3-minute walk to Woodbine Park

About This Home

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.

Listing Agent

Warren Berzack

Warren Lee Berzack Brokerage Phone: 818-269-2979 License #01329015 Listed on: 09/02/2025

Warren Lee Berzack

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.34 Acre Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 8 Open Parking Spaces
  • 1 Car Garage
  • 17 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment

Interior Spaces

  • 15,166 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 5 / T
  • Tax Tract Number 1
  • Assessor Parcel Number 4314014006

Community Details

Overview

  • No Home Owners Association
  • 20 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • Rent Control
  • 21 Separate Electric Meters
  • 21 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $160,084
  • Gross Income $442,813
  • Net Operating Income $269,445

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

1

Listing Details

  • CapRate: 5.29
  • Price Per Unit: 254750
  • Property Attached: Yes
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 4314014006
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 335.95

Exterior Features

  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 17.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 26.00
  • Uncovered Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 15002.00
  • Lot Size Acres: 0.3444

Multi Family

  • Gross Income: 442813.00
  • Gross Multiplier: 11.51
  • Gross Operating Income: 429529.00
  • Gross Scheduled Income: 442813.00
  • Lot Size Area: 15002.0000 Square Feet
  • Net Operating Income: 269445.00
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 21
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 20
  • Operating Expense: 160084.00
  • Operating Expense Percent: 36.15
  • Rent Control: Yes
  • Total Expenses: 160084.00
  • Vacancy Allowance: 13284
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: T
  • Tax Census Tract: 2699.07
  • Tax Lot: 5
  • Tax Tract Number: 1

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2025 09/02/25 For Sale $5,095,000 -- $336 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Similar Homes in the area

  • 3745 Jasmine Ave, Los Angeles, CA 90034

    $3,990,000

    • 1 Bed
    • 1 Bath
    • 9,169 Sq Ft
    • 3745 Jasmine Ave
    • Los Angeles, CA

    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

    Kevin Sullivan Compass

    Section Image
  • 1421 Greenfield Ave, Los Angeles, CA 90025

    $4,400,000

    • 2 Beds
    • 3 Baths
    • 8,453 Sq Ft
    • 1421 Greenfield Ave
    • Los Angeles, CA

    Sleek and modern 5-unit apartment building in prime West Los Angeles. Featuring dramatic 18-foot ceilings, private rooftop terraces, and open-concept floor plans, these spacious units include in-unit washer/dryer, central A/C and heat, and stainless steel appliances. Select units have been recently updated. The building offers secure subterranean parking and each unit is separately metered for

    Dillon Perera Meldia Investment Realty of America

    Section Image
  • 1814 W 36th St, Los Angeles, CA 90018

    $5,700,000

    • 1 Bed
    • 3 Baths
    • 3,900 Sq Ft
    • 1814 W 36th St
    • Los Angeles, CA

    Modern New Construction Co-Living Investment in Prime USC/Adams DistrictWelcome to 1814 W 36th Street, an exceptional new construction (2024) co-living apartment complex located just 2.5 blocks from USC Village and moments from the Historic Adams District. Nestled just south of the 10 Freeway and a 15-minute drive to Downtown Los Angeles, this turnkey investment offers unrivaled access to

    Steven W. Gray eXp Realty of Greater Los Angeles

    Section Image
  • 1735 W 7th St, Los Angeles, CA 90017

    $4,300,000

    • 1 Bed
    • 3 Baths
    • 30,319 Sq Ft
    • 1735 W 7th St
    • Los Angeles, CA

    1735 7th St // 694 S Burlington Ave is a 32-unit mixed use buildinglocated in the Pico Union neighborhood. Thismassive 30,319 sqft building is offered at only$134k/unit and $141/sqft. The property is currentlyoperating at a 6.68% CAP and 8.30 GRM. There is stillover 51% upside available once the property isstabilized. The property is individually metered for gasand

    Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

    Section Image
  • 571 Fairview Ave, Los Angeles, CA 90033

    $5,695,000

    • 1 Bed
    • 38 Baths
    • 12,006 Sq Ft
    • 571 Fairview Ave
    • Los Angeles, CA

    This 38-unit apartment building offers significant upside through interior and exterior renovations. With rents below market and many units in original condition, a strategic value add approach can unlock immediate equity and long-term rental growth in one of LA's most culturally rich and rapidly evolving neighborhoods. Located within a designated Opportunity Zone, this asset presents substantial

    Kian Maronde Marcus & Millichap

    Section Image
  • 2221 Michigan Ave, Los Angeles, CA 90033

    $5,290,000

    • 1 Bed
    • 4 Baths
    • 9,229 Sq Ft
    • 2221 Michigan Ave
    • Los Angeles, CA

    32-unit property with 8 apartments and 24 singles. All units have their own bathrooms and kitchens. This would be a perfect opportunity for a master lease option or purchase by a program to house their own clients. All units are to be delivered fully renovated and housing ready. A full renovation is underway which includes complete plumbing re-pipe, electrical re-wire with all brand new

    Logan Altman Altman Apartments LLC

    Section Image
  • 13061 Vanowen St, North Hollywood, CA 91605

    $5,700,000

    • 2 Beds
    • 1 Bath
    • 24,614 Sq Ft
    • 13061 Vanowen St
    • North Hollywood, CA

    We are proud to represent this 27 unit property in North Hollywood. The property was constructed in 1962. Its unit mix consists of (27) 2+1 units. With a lot size of 24,371 square feet, the property has a total of 24,614 rentable square feet. North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatly expanding into a hip,

    Cindy Hill Equity Union

    Section Image
  • 12528 Bradley Ave, Sylmar, CA 91342

    $3,998,000

    • 1 Bed
    • 1 Bath
    • 12528 Bradley Ave
    • Sylmar, CA

    Discover a rare opportunity to own 11 rental units across two parcels in the heart of Sylmar. This well-positioned property offers strong existing income with significant upside potential, including space for additional units or large ADUs. With two detached garages and expansive lot space, the setup is ideal for investors looking to grow their portfolio or explore redevelopment opportunities.

    Trey Ballard eXp Realty of Greater Los Angeles

    Section Image

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25197535

California Regional Multiple Listing Service (CRMLS)