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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$5,495,000

Est. payment - /mo

0.34 Acres Lot

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UPDATED:

02/21/2025 08:02 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24162285

HOA Y/N No

Year Built 1960

Lot Size 0.344 Acres

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County Los Angeles

Area C13 - Palms - Mar Vista

Zoning LAR3

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 1.0

Carport Spaces 18

Garage Description 1.0

Pool None

Community Features Street Lights, Urban

Total Parking Spaces 27

Private Pool No

Building

Lot Description Landscaped

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4314014006

Energy Description 2129.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Warren Berzack • Lee & Associates • 818-269-2979

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3525 Jasmine AVE Los Angeles, CA 90034