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3557 Jasmine Ave, Los Angeles, CA 90034
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3557 Jasmine Ave Los Angeles, CA 90034

$6,500,000 Sold Price as of 09/14/2021
  • 23 Beds
  • 23 Baths
  • 15,813 Sq.Ft.
Sold
$6,500,000 Sold Price as of 09/14/2021 Refinance Your Mortgage
Map preview of 3557 Jasmine Ave, Los Angeles, CA 90034

Property Overview: 3557 Jasmine Ave Los Angeles, CA has 23 bedrooms, 23 bathrooms, 15,813 living square feet and 14,998 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Two side by side nine (9) unit properties for sale in a prime Palms location on Jasmine Ave., directly adjacent to downtown Culver City. Eighteen (18) total units with an excellent unit mix of two (2) 3 BR + 2 Bath, eleven (11) 1 BR + 1 Bath and two (2) studio units. Current rents are below market, creating a value-add opportunity. Two of the 3 BR + 2 bath units will be delivered vacant. Seismic retrofitting for parking structure has already been completed. High demand rental location due to the rejuvenation of downtown Culver City and its many new entertainment, tech and media job opportunities.

Listed by Errol Spiro | BRE #00893163 | Miller & Desatnik Realty Co.
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 32

Home details

Lot Sq. Ft
14,998
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21759832
City
Los Angeles
County
Los Angeles
Time on Site
1042 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,171
  • Total Rent: $2,342
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 2
  • # of Units: 11
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $18,154
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,313
  • Total Rent: $6,940
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,250
  • Total Rent: $6,500
  • Pro Forma/Market Rent: $3,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.96
  • Gross Scheduled Income: --
  • Net Operating Income: $230,759
  • Gross Operating Income: $395,009
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3557 Jasmine Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Tandem Garage, Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 18
  • Parcel Number: 4314014011
Location / Neighborhood
Location Information
  • Directions: North of Venice Blvd., South of Palms & just East of Motor Avenue
View more facts & features

Local Los Angeles Agent

Sale History for 3557 Jasmine Ave

Last sold for $6,500,000 on September 14th, 2021

  • September, 2021

  • Sep 15, 2021

    Date

    Sold

    CRMLS: 21759832

    $6,500,000

    Price

  • Aug 16, 2021

    Date

    Pending

    CRMLS: 21759832

    $6,500,000

    Price

  • Jul 12, 2021

    Date

    Active

    CRMLS: 21759832

    $6,500,000

    Price

  • March, 1998

  • Mar 13, 1998

    Date

    Sold (Public Records)

    Public Records

    $957,500

    Price

Show More

Tax History for 3557 Jasmine Ave

Assessed Value (2020): $701,100
Year Land Value Improved Value Assessed Value
2020 $204,395 $496,705 $701,100

Home Value Compared to the Market

This property vs the competition

3557 Jasmine Ave sold on September 14, 2021 for 446.22% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $411.05 per/sqft which puts the price per square foot 45.56% lower than the current median sale per square foot for the city of Los Angeles.

About 3557 Jasmine Ave

Detailed summary of property

3557 Jasmine Ave is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 23 bedrooms, 23 bathrooms, roughly 15,813 living square feet, and sits on an approximately 14,998 square foot lot. 3557 Jasmine Ave was first listed on ArdentRealEstateGroup.com on July 12, 2021. The homeowner sold the property for $6,500,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 446.22% higher than the current median priced home. Local homes that are currently for sale include 526 W 47th St, 1747 N Kingsley Dr and 264 S Union Ave. While the average home in Los Angeles, CA is selling in 92 days, 3557 Jasmine Ave has a days on market of 32 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 3557 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 3557 Jasmine Ave

Public county record property details
Beds
11
Baths
11
Year built
1964
Sq. Ft.
7,863
Lot Size
7,500
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
4314-014-011

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
$1,899,000
Median List Price/Sq.Ft.
$925
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
42
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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