3640 Jasmine Avenue
Los Angeles, CA 90034
0.13 acres | #AR23217476
Description
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.
Property Details
- Lot DescriptionItem1115UnitsAcre
- Stories2
Measurements
- Acres0.1257
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1967
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$2,168,000
Other
- MLS #AR23217476
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Alan Tran (#A33893)
Listing Office: KW Executive (#30807)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
