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3454 Jasmine Ave, Los Angeles, CA 90034
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3454 Jasmine Ave Los Angeles, CA 90034

$2,850,000
  • 12 Beds
  • 13 Baths
  • 6,598 Sq.Ft.
For Sale
$2,850,000 Get Pre-Qualified
Map preview of 3454 Jasmine Ave, Los Angeles, CA 90034

Property Overview: 3454 Jasmine Ave Los Angeles, CA has 12 bedrooms, 13 bathrooms, 6,598 living square feet and 7,502 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Excellent 9-Unit Palms Opportunity in the heart of Palms. The property features a diverse unit mix consisting of 4 one-bedroom units, 4 two-bedroom units and one Bachelor unit. This property is fully-leased with an additional 20% upside in rents from current to market. There is on-site parking in the front and rear of the property for up to 9 cars - with Accessory Dwelling Unit Potential (Buyer to Verify). The Soft Story Retrofit has been fully completed.

Listed by Everett Wong | BRE #01991247 | Greysteel California, Inc.
Last checked: 9 minutes ago | Last updated: April 29th, 2024 | Source CRMLS | DOM: 19
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Home details

Lot Sq. Ft
7,502
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
PW24079914
City
Los Angeles
County
Los Angeles
Time on Site
23 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,830
  • Total Rent: $1,830
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $884
  • Total Rent: $884
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,508
  • Total Rent: $1,508
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,238
  • Total Rent: $2,238
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,795
  • Total Rent: $2,795
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,795
  • Total Rent: $2,795
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,238
  • Total Rent: $2,238
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,164
  • Total Rent: $2,164
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,955
  • Total Rent: $1,955
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.9%
  • Gross Rent Multiplier: 12.9
  • Gross Scheduled Income: $220,884
  • Net Operating Income: $140,745
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $73,873
  • Electric: $0
  • Gas/Fuel: $2,209
  • Trash: $4,908
  • Insurance: $8,095
  • Professional Management: $8,585
  • Water/Sewer: $6,625

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Property Details for 3454 Jasmine Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 9
  • Parcel Number: 4313001017
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North of Palms Boulevard, South of National Boulevard
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 3454 Jasmine Ave

View property's historical transactions

  • April, 2024

  • Apr 22, 2024

    Date

    Active

    CRMLS: PW24079914

    $2,850,000

    Price

Tax History for 3454 Jasmine Ave

Assessed Value (2020): $242,043
Year Land Value Improved Value Assessed Value
2020 $75,522 $166,521 $242,043

Home Value Compared to the Market

This property vs the competition

3454 Jasmine Ave is listed 128.18% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $431.95 per/sqft which puts the price per square foot 44.19% lower than the median price per square foot for the city of Los Angeles.

About 3454 Jasmine Ave

Detailed summary of property

3454 Jasmine Ave is a mixed use located in Los Angeles, CA 90034 and is currently for sale. This mixed use property offers 12 bedrooms, 13 bathrooms, roughly 6,598 living square feet, and sits on an approximately 7,502 square foot lot. 3454 Jasmine Ave was first listed on ArdentRealEstateGroup.com on April 22, 2024. The homeowner is currently asking $2,850,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 128.18% higher than the median priced home. Local competing homes currently for sale include 2240 W Temple St, 2214 Hooper Ave and 11901 S San Pedro St. While the average home in Los Angeles, CA is selling in 94 days, 3454 Jasmine Ave has a days on market of 19 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 3454 Jasmine Ave Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3454 Jasmine Ave

Public county record property details
Beds
12
Baths
13
Year built
1960
Sq. Ft.
6,598
Lot Size
7,500
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
4313-001-017

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,895,000
Median List Price/Sq.Ft.
$900
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
44
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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