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Jasmine Apartments 3525 Jasmine Ave 20 Unit Apartment Building $5,095,000 ($254,750/Unit) 5.60% Cap Rate 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 22% 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 - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$458,930
|
$30.26
|
| Other Income |
$4,145
|
$0.27
|
| Vacancy Loss |
$13,892
|
$0.92
|
| Effective Gross Income |
$449,183
|
$29.62
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$163,799
|
$10.80
|
| Net Operating Income |
$285,384
|
$18.82
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $458,930 |
| Annual Per SF | $30.26 |
| Other Income | |
|---|---|
| Annual | $4,145 |
| Annual Per SF | $0.27 |
| Vacancy Loss | |
|---|---|
| Annual | $13,892 |
| Annual Per SF | $0.92 |
| Effective Gross Income | |
|---|---|
| Annual | $449,183 |
| Annual Per SF | $29.62 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $163,799 |
| Annual Per SF | $10.80 |
| Net Operating Income | |
|---|---|
| Annual | $285,384 |
| Annual Per SF | $18.82 |
PROPERTY FACTS
| Price | $5,095,000 | Apartment Style | Low-Rise |
| Price Per Unit | $254,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 5.60% | Building Size | 15,166 SF |
| Gross Rent Multiplier | 11 | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.19/1,000 SF |
| Zoning | R3-1 | ||
| Price | $5,095,000 |
| Price Per Unit | $254,750 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| Gross Rent Multiplier | 11 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 15,166 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | R3-1 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
| 1+1.5 | 1 | - | - |
| 2+1.5 | 2 | - | - |
| 2+2 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 4314-014-006 | Improvements Assessment | $1,026,074 (2025) |
| Land Assessment | $684,045 (2025) | Total Assessment | $1,710,119 (2025) |
PROPERTY TAXES
Parcel Number
4314-014-006
Land Assessment
$684,045 (2025)
Improvements Assessment
$1,026,074 (2025)
Total Assessment
$1,710,119 (2025)
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Jasmine Apartments | 3525 Jasmine Ave
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